More and more are saying bye.

[riverbendviewgal]

More than 3,100 Americans shed their citizenship last year, FBI figures show.

The numbers come from published statistics and documents obtained by Global News under U.S. freedom-of-information laws.

The total of 3,128 is lower than the 4,652 people added to an FBI database of ex-citizens. But the 2012 total includes about 2,900 names entered in October, 2012 as the State Department cleared a backlog, FBI spokesperson Stephen G. Fischer Jr. explained in an e-mail. Deducting those names brings 2012?s total down to 1,752, and makes last year’s total the highest since at least 2006. In 2011, 958 names were

http://globalnews.ca/news/1072303/over-3100-americans-renounced-citizenship-last-year-fbi/

This is what the US Chamber of Commerce says about FATCA
https://www.uschamber.com/blog/next-obamacare-fatca-roll-out-flounders


And this is what the US Tax advocate writes.
http://www.taxpayeradvocate.irs.gov/userfiles/file/2013FullReport/REPORTING-REQUIREMENTS-The-Foreign-Account-Tax-Compliance-Act-Has-the-Potential-to-Be-Burdensome%2C-Overly-Broad%2C-and-Detrimental-to-Taxpayer-Rights.pdf


Especially for Canadians

http://maplesandbox.ca/2014/us-chamber-of-commerce-joins-tas-in-dumping-on-fatca/

also posted in Canada forum.

[frazzled]

1. Yeah, to avoid new law that would stamp out tax evasion

They're giving up their citizenship to avoid paying taxes. All I can say is, buh-bye.

http://money.cnn.com/2013/09/04/news/citizenship-us-tax/

[riverbendviewgal]

4. you did not read the links on this post

People permanently living in a country other than the USA should not pay double tax. The whole world except the USA and Eritrea is resident based. Read the links.

[NightWatcher]

2. And the FBI is tracking expatriots because???

Shouldn't this be a State Dept issue?

[riverbendviewgal]

5. they are tracking renouncements because it is what it does

The totals do not include relinquishments and returns of green cards.

[Egalitarian Thug]

3. If other countries made it easier, that number would explode. n/t

[riverbendviewgal]

6. easier ?

Can you clarify?

[Egalitarian Thug]

7. I've been looking for an escape since the '90s.

Vancouver inspired me to begin my investigations. Unfortunately, I was almost 40 when I got serious and without a seriously large pile of cash (or an MD, damn me for not listening to my mom and finishing), nobody wants middle aged people.

[riverbendviewgal]

8. it is unfortunate

So many good people who would be an asset but not enough money to get a foothold.