One Quarter Of Americans Living Abroad ‘Seriously Considering’ Or ‘Planning’ To Renounce Citizenship; New Survey Shows Why

One Quarter Of Americans Living Abroad ‘Seriously Considering’ Or ‘Planning’ To Renounce Citizenship; New Survey Shows Why


Around one in four Americans currently living abroad are serious about considerations and plans to renounce their U.S. citizenship, and they name the U.S. tax burden as the top reason for their desire, a recent survey found.

Many U.S. citizens who have currently taken up residence in another country are hit with taxes from both their host country and their home country, Greenback Expat Tax Services explained in a piece accompanying their survey findings.

“The burden of filing U.S. taxes is the top reason expats want to ditch U.S. citizenship, according to the survey, which polled 3,200 American expats living in 121 countries,” CNBC reported.

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Greenback noted that the U.S. has attempted to ease the tax burden of Americans abroad by putting in measures to avoid double taxation.

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