Record year for Americans giving up citizenship

Pedro Gonçalves
clock • 2 min read

A record of more than 6,000 Americans renounced their citizenship in the first nine months of the year, a new report shows. According to Bambridge Accountants New York,   6,045 Americans gave up their citizenship in the first nine months of 2020 compared to 1,811 in the first nine months of 2019. The total number in 2019 was 2,072. The previous record was 5,411 cases in 2016, the New York accounting firm said. Americans must pay a $2,350 government fee to renounce their citizenship, and those based overseas must do so in person at the US Embassy in their country.  There are an e...

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