Zev Porat

Friday, August 9, 2013

"That Maketh Desolate!" Americans Renouncing Citizenship Jumps Sixfold as Tougher Rules Loom

Americans renouncing U.S. citizenship surged sixfold in the second quarter from a year earlier as the government prepares to introduce tougher asset-disclosure rules.

Expatriates giving up their nationality at U.S. embassies climbed to 1,131 in the three months through June from 189 in the year-earlier period, according to Federal Register figures published today. That brought the first-half total to 1,810 compared with 235 for the whole of 2008.

read more http://www.businessweek.com/news/2013-08-09/americans-giving-up-passports-jump-sixfold-as-tougher-rules-loom

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