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News & Events

Archive by Month: September 2018

New Tax Rules: Why Are Americans Relinquishing Their Citizenship?

Offshore Account Update

Posted in on September 28, 2018

In the first quarter of 2018, a total of 1,099 U.S. citizens gave up their citizenship. In both 2016 and 2017, more than 5,000 people decided they  no longer wanted to be citizens of the United States. A big part of the reason why so many Americans have decided to give up their citizenship is because they are burdened by complex tax laws that make it difficult for them to live their lives.  

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