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Wealthy Americans Queue to Give Up U.S. Citizenship

"Rich Americans renouncing U.S. citizenship rose sevenfold since UBS AG (UBSN) whistle-blower Bradley Birkenfeld triggered a crackdown on tax evasion four years ago. About 1,780 expatriates gave up their nationality at U.S. embassies last year, up from 235 in 2008, according to Andy Sundberg...

Renouncing US Citizenship: A New Trend?

"Though the Saverin and Rich cases attracted the spotlight, the trend of citizenship renunciation is evident. Quarterly published figures from the IRS indicate that the number of US citizenship renunciations has risen in recent years — to 1,780 in 2011, from 1,485 in 2010 and 731 in 2009....

Tax Rules Spur Renunciation of U.S. Citizenship

"Goodbye, Uncle Sam! That's what 3,000 Americans chose to say last year, lining up at embassies around the world to renounce their citizenship. The numbers for 2013 represent a dramatic spike -- triple the average for the previous five years, according to a CNNMoney analysis of government data...

Expatriation Uptick Despite Fee Increase

Robert W. Wood, Forbes, Feb. 20, 2016 - "Ironically, America is collecting millions of dollars from the record numbers of Americans renouncing citizenship. It is odd that the U.S. is making millions from Americans tossing their passports. The government has collected about $12.6 million in fees...