FATCA blamed for one in five US expats planning to give up passport

clock • 2 min read

One in five US citizens living abroad are on the verge of giving up their passports according to a survey published by US tax consultants Greenback. The Greenback survey - which was conducted by more than 3,000 US expats - studies the expat community's opinions on taxation, citizenship renunciation, and more. Among the questions, the survey asked for expat thoughts about giving up their US passports to the State Department. In the first three months of 2019, 1,018 Americans renounced the citizenship with 250 of them blaming US taxes as the trigger for their action. Under the FATCA dou...

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Gary Robinson

Commercial Director, Head of Video at International Investment.