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Americans No More

Sputnik International

According to the IRS, more Americans renounced their US citizenship in 2016 than any other year on record. The numbers have been rapidly climbing since 2011... 09.02.2017, Sputnik International

2017-02-09T22:05+0000

2017-02-10T16:30+0000

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Americans No More

22:05 GMT 09.02.2017 (Updated: 16:30 GMT 10.02.2017)

According to the IRS, more Americans renounced their US citizenship in 2016 than any other year on record. The numbers have been rapidly climbing since 2011, from less than 1,000 in that year to 5,411 in 2016.

The IRS links this trend to US tax policy, which taxes based off of nationality rather than citizenship. Americans living abroad may renounce their citizenship to avoid being taxed twice over. This caused the UK’s Foreign Secretary Boris Johnson to renounce his US citizenship in Feb 2017.

Some would like to link the trend to the election of Donald Trump, particularly due to the large amount of Americans who threatened to flee the country if he was elected. But the trend began in 2011, while Trump was still hosting The Apprentice.