Number of Taxpayers Who Renounced U.S. Citizenship Skyrockets to All-Time Record High
By Paul Caron
Taxprof.typepad.com
Thursday, November 14, 2013
Wall Street Journal: More Taxpayers Are Abandoning the U.S.:
This year will set a record for expatriations by U.S. taxpayers, with at least a 33% increase from the previous high in 2011.
The Treasury Department published the names of 560 people who either were U.S. citizens renouncing their citizenship or long-term residents who turned in their green cards during the third quarter.
That brings the total so far this year to 2,369, according to Andrew Mitchel, a tax lawyer in Centerbrook, Conn., who tracks the data. For all of 2011, the number of published expatriates was 1,781, he said.
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