Americans Renouncing Citizenship to Become British Increases 3X Over Last Five Years

March 3rd, 2013

Sounds like out-of-the-pan-and-into-the-fire to me, but to each his own.

Via: Telegraph:

London-based American lawyers, who specialise in tax and immigration, report a threefold increase over the last five years in the number of American citizens who are giving up their citizenship – a process known as “renunciation”.

Posted in Dictatorship, Economy | Top Of Page

One Response to “Americans Renouncing Citizenship to Become British Increases 3X Over Last Five Years”

  1. SW says:
    March 3, 2013 at 9:03 am

    “Sounds like out-of-the-pan-and-into-the-fire to me, but to each his own.”

    Not really. The US tax system is based on citizenship whereas the British do it based on residency. I know Britain is a basketcase (and getting worse) but it makes sense…PURELY from a tax point of view.

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