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I doubted that "many" expats give up their US citizenship so I tried to find some numbers. Found some secondary sources like: https://www.forbes.com/sites/rober
by jsweojtj 7y ago
I doubted that "many" expats give up their US citizenship so I tried to find some numbers. Found some secondary sources like: https://www.forbes.com/sites/robertwood/2018/05/14/fewer-americans-renounce-citizenship-but-taxes-still-drive-them/#2564308b119f https://www.forbes.com/sites/robertwood/2018/05/14/fewer-ame...
which states that, worldwide, just over 5,000 Americans renounced citizenship in 2017. There are also about 9 million Americans living abroad and ~1 million living in Europe. So, no, I don't think that even if all 5,000 were in Europe that 0.5% renounced their citizenship would count as "many".
- whamlastxmas 7y agoAdditionally, you still owe the US tax for ten years after renouncing
- johannes1234321 7y agoHow many of these " ~1 million living in Europe" are with the US Armed Forces? (Be it as service member, spuse, family) Quick research: Kaiserslautern Military Community has ~50k people. https://en.m.wikipedia.org/wiki/Kaiserslautern_Military_Community https://en.m.wikipedia.org/wiki/Kaiserslautern_Military_Comm... Now that's the largest, but by far not only location with US Military presence in Europe.
- jsweojtj 7y agoI'm curious, where are you heading with this counter argument? That perhaps, something like 900k Americans living in Europe are in the US Armed Forces, leaving 100k regular US citizens. So then, if all 5k of the US citizen renouncers worldwide are in Europe, then 5% of the remaining 100k _does_ count as "many"?