We previously posted US Expatriation Increase At a Record Pace in 2014! where we discussed that the number of Americans renouncing U.S. citizenship stayed near an all-time high in the first half of the year before rules that make it harder to hide assets from tax authorities came into force (FATCA – Effective Date July 1, 2014).
A record 3,415 individuals renounced their U.S. citizenship or long-term residency in 2014, according to a list released by the Treasury Department on Tuesday. Each quarter the U.S. Treasury publishes the names of the Americans who officially expatriated during that period.
3,415 Americans Renounced their Citizenship in 2014. Eclipsing the Previous All-Time Read more