U.S. expats

February 11, 2015
Number of U.S. expats renouncing citizenship due to FATCA will drop premium
The U.S. Treasury Department revealed this week that a record number of individuals relinquished their U.S. citizenship in 2014. Since the Internal Revenue Service (IRS) was granted unfettered and unprecedented access to U.S. citizens’ foreign bank accounts in 2010, the number of people forsaking their citizenship has been at its highest.  The amount of renunciations also reached a record high in 2013, totalling 3,000, with last year’s figure representing a Read More

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