Forbes.com: More Americans Renouncing Citizenship, Not Over Trump but FATCA Tax Law

 

 

The number of individuals who renounced their U.S. citizenship for the third quarter of 2016 was the second-highest in history at 1,380, U.S. Treasury Department reported.

And Forbes.com recently reported that the Foreign Account Tax Compliance Act, which was enacted in 2010, and took years to implement, is “having an impact, perhaps bigger than these expat numbers

FULL ARTICLE http://www.newsmax.com/finance/streettalk/fatca-americans-citizenship-passport/2016/11/13/id/758652/

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