9 years ago
2
Number of Americans renouncing U.S. citizenship jumps 20% in 2015
More Americans than ever before are turning their backs on the United States. The number of citizens and long-term residents cutting their official ties to Uncle Sam jumped more than 20% last year to 4,279, according to a CNNMoney analysis of the latest government data. It's a trend that's been increasing in recent years. Many of those severing links are Americans living overseas who are tired of dealing with complicated tax...
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Well. In their defense if US companies can do it then there should be nothing wrong with US citizens doing it. It's just a matter of removing your assets from a higher tax rate just on a smaller scale then what companies have been doing for years.