Poll | 25% of expatriate Americans seek revocation of US citizenship.
The results of a poll show that a quarter of American citizens living abroad are seriously planning to relinquish their American citizenship.
New research shows that a quarter of American citizens living abroad are seriously planning to relinquish their American citizenship.
According to a study collected by the Greenback Expat Tax service from 3,200 Americans living in 121 countries around the world, heavy tax laws apply to Americans living abroad. This is one of the main reasons why expatriate Americans have lost their citizenship.
Most countries in the world have a residence tax system. However, American citizens living in another country owe debt to the US government because of the tax system based on US citizenship. This has resulted in high tax costs for American citizens living abroad and, in some cases, tax debt in both countries.
American citizens living abroad will face heavy fines from the US government if they do not report their bank accounts or foreign income.
The majority of respondents (86%) said that their concerns were less addressed by the US government. A quarter of those polled said they wanted to relinquish their US citizenship, 40 percent said they did not rule out the possibility, and a third said they would never consider it.
The State Department estimates that by 2020, about 9 million Americans will be living abroad.
New research shows that a quarter of American citizens living abroad are seriously planning to relinquish their American citizenship.
According to a study collected by the Greenback Expat Tax service from 3,200 Americans living in 121 countries around the world, heavy tax laws apply to Americans living abroad. This is one of the main reasons why expatriate Americans have lost their citizenship.
Most countries in the world have a residence tax system. However, آمریک American citizens living in another country owe debt to the US government because of the tax system based on US citizenship. This has resulted in high tax costs for American citizens living abroad and, in some cases, tax debt in both countries.
American citizens living abroad will face heavy fines from the US government if they do not report their bank accounts or foreign income.
The majority of respondents (86%) said that their concerns were less addressed by the US government. A quarter of those polled said they wanted to relinquish their US citizenship, 40 percent said they did not rule out the possibility, and a third said they would never consider it.
The State Department estimates that by 2020, about 9 million Americans will be living abroad.
