Good News? Record Number of Non-Resident Americans, Green-Card Holders Renounced U.S. Citizenship in 2015

By Kellan Howell – The Washington Times – Saturday, February 6, 2016 — A record 4,279 people renounced their U.S. citizenship or long-term residency in 2015, according to new data released by the Treasury Department.

Last year was the third year in a row that renunciations have increased to record levels and the number of people dropping their U.S. citizenship increased by over 1,000 since 2014, according to the data.

“An increasing number of Americans appear to believe that having a U.S. passport of long-term residency isn’t worth the hassle and cost of complying with U.S. tax laws,” Andrew Mitchel, an international lawyer in Centerbook Conn., who tallies and tracks the data told the Wall Street Journal.

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