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One key problem has 1 in 4 expats ‘seriously considering’ or ‘planning’ to renounce U.S. citizenship

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One key problem has 1 in 4 expats ‘seriously considering’ or ‘planning’ to renounce U.S. citizenship

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Roughly 1 in 4 American expats is "seriously considering” or "planning” to renounce their U.S.citizenship, according to a survey.

Here’s the top reason why.

What's more, nearly 80% don't feel they should have to pay U.S.taxes while living abroad, the survey finds.


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Article Details

Category: Economy

Topics: Personal finance Government Agencies Cnbc United States Tax Planning Tax planning Source:tagname:CNBC US Source Wealth Articles Personal Finance Travel Investing Government taxation and revenue Social issues Legislation Taxes

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-17, 17:35:52

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Reading Time: 4 minutes read

Article Length: 600 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 487

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About CNBC

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Main Topics: Economy

Official Website: cnbc.com

Update Frequency: 20 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 13h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

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Publisher ID: #5

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