FATCA Is Forcing More Americans to Renounce Citizenship

If you’re living overseas and being taxed by two countries for doing so, which one are you going to drop?

Increasingly, and with no sentimentality, U.S. expats are severing ties with their home country and renouncing citizenship. Last year, 4,279 U.S. citizens ended their long-term U.S. residency, according to the Treasury Department. That’s up 25.3% from the 3,415 individuals who

FULL ARTICLE https://www.mainstreet.com/article/fatca-is-forcing-more-americans-to-renounce-citizenship

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