NEW YORK, Oct. 29, 2020 /PRNewswire/ -- 2020 is the record year for Americans giving up their citizenship, according to research by the Enrolled Agents and accountants of Bambridge Accountants New York.
- 6,045 Americans gave up their citizenship in the first nine months of 2020
- Showing a 234% increase on the same 9 months to in 2019, where only 1,811 cases were recorded
- 2,072 Americans gave up their citizenship in 2019 in total
- This is the highest year on record; the previous record was 5,411 cases in 2016. Already in 2020, with 3 months still to report, 6,045 is the record number of cases in a year
- This is all while the U.S. State Department has stopped Americans being able to book appointments to renounce at many U.S. Embassies since March 2020
Americans must pay a $2,350 government fee to renounce their citizenship, and those based overseas must do so in person at the U.S. Embassy in their country. more
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