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A record number of people are giving up US citizenship
Published : 10 Aug 2020, 14:19
A record number of people are giving up their US citizenship, reported Cable News Network (CNN), quoting a new research published on Sunday.
More than 5,800 Americans gave up their citizenship in the first six months of 2020 compared to the 2,072 Americans who renounced their citizenship in all of 2019, according to Bambridge Accountants, a New York-based firm specializing in US expat tax, UK expats, actors and other creatives in the US and the UK.
The firm said it examined public data, published by the US government every three months, of the names of all Americans who give up their citizenship, said the CNN report.
"These are mainly people who already left the US and just decided they've had enough of everything," Alistair Bambridge, a partner at Bambridge Accountants, told CNN.
Click CNN to read the detail original report.