The Most Americans Ever Renounced US Citizenship In 2015

The Most Americans Ever Renounced US Citizenship In 2015

And taxes are to blame

Last year, 4,279 individuals renounced their US citizenship or terminated their long-term U.S. residency, according to the Treasury Department. This figure is up by 25.3 percent from 2014, when 3,415 individuals renounced their citizenship.

All in all, 2015 was a record-setting year for expatriation: more Americans gave up their citizenship last year than in any other year in recent history.

Looking at expatriation statistics over the last two decades, it is clear that the latest data is part of a larger trend. Between 2013 and 2015, over 10,693 Americans have renounced their citizenship — more...