Sunday, March 03, 2013


Americans renouncing citizenship to become British thanks to tax rise
London-based American lawyers, who specialise in tax and immigration, report a threefold increase over the last five years in the number of American citizens who are giving up their citizenship - a process known as "renunciation".

Across the world 1,781 Americans renounced their citizenship in 2011 compared with just 231 in 2008, when US tax laws changed, although it remains unknown how many are adopting British rather than any other nationality.
Apparently not so seriously. Who would go from America to England because of high taxes? No way it could make that much difference.
Many decide to give up their American citizenship after tiring of the lengthy US tax return process, which requires them to pay tax on their total income regardless of where they live.
Well, I suppose if you are already living there with no plans to move. Still, the headline is very misleading as it says in the 2nd paragraph the number of people adopting Britain are unknown with 1,782 renouncing citizenship worldwide - hardly a "surge."

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