U.S. Citizens in Canada InfoShop

2011 June 16 – Rampell

 
Catherine Rampell / Andrew Mitchel
More (wealthy) Americans are renouncing citizenship
Economix — New York Times [Blog] (16 June 2011)

http://economix.blogs.nytimes.com/2011/06/16/more-americans-are-renouncing-citizenship/

A chart showing quarterly renunciations by US citizens 2004-2011 prepared by tax attorney Andrew Mitchel is accompanied by text from his email pointing to “two technical tax-related changes [that] inspired more people to give up their citizenship”: a 2008 change in expatriation rules that eliminated a ten-year filing requirement; complexity and penalties that have “caused many individuals with dual citizenship to conclude that their U.S. citizenship is not worth the stress and hassle of the U.S. tax filing rules.”
 

Written by usxcanada

16 June 2011 at 6:00 am