For comparison: for the entire 2019 “refuseniks” were about two thousand. This can be considered quite a good indicator, since in previous years the number of regularly handing over passports grew and not just beat records: in 2013, 3 thousand Americans in 2014 – 3.4 thousand in 2015 – 4.3 thousand. Expert Alistair Bambridge Accountants Bembridge indicates that such dynamics have both short-term and long-term reasons.
go abroad and have decided to part with the status of a citizen of the United States explained that they “had enough”. Sound and political motivations. In particular, expats worried that the United States of all the developed countries to the least successfully coped with the pandemic coronavirus, becoming the world’s epicenter. A second wave of failures from the citizenship of Bembridge forecasts after the presidential election in the United States.
Another popular cause of failure, are longer-term catalyst, it’s the American tax system. And it’s not just in taxes, but in another particular. America is one of only two countries in the world (the other being Eritrea) that requires to pay taxes even those of its citizens who live abroad and pay taxes at the place of residence. So having a US citizen “in reserve” is pretty expensive. Back in 2010, Washington adopted a resonant FATCA (Foreign Account Tax Compliance Act), forcing all foreign banks to provide us authorities with information about accounts of U.S. citizens.
