PGreen
Active Member
- Nov 24, 2014
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A record-setting number of Americans renounced their citizenship in 2014, up from 2,999 in 2013 to 3,415, Treasury Department statistics showed.
U.S. mass exodus Record number of Americans renounced citizenship in 2014 - Washington Times
The U.S. "worldwide" system of taxation is to blame. Our income tax laws are ridiculously complex and over-reaching. FATCA is draconian and the penalties are simply asinine. Congress can fix the problems, but they only tend to make them worse.
U.S. mass exodus Record number of Americans renounced citizenship in 2014 - Washington Times
The U.S. "worldwide" system of taxation is to blame. Our income tax laws are ridiculously complex and over-reaching. FATCA is draconian and the penalties are simply asinine. Congress can fix the problems, but they only tend to make them worse.