Sin categoría

More Americans Than Ever Are Giving Up Citizenship

TIME

A record number of Americans gave up their citizenship or long-term residency in 2014, according to the Treasury Department.

According to a quarterly list released by the Treasury on Tuesday, the number reached 3,415, up from 2,999 in 2013, which was also a record.

Many speculate that taxes are a primary motivation in the decision. “Many Americans abroad are finding that retaining their ties is not worth the cost and hassle of complying with the U.S. tax laws,” Andrew Mitchel, a lawyer in Centerbrook, Conn. who tallies the lists of names released quarterly by the Treasury Department, told the Wall Street Journal.

The surge in Americans giving up their citizenship comes just months after the Foreign Account Tax Compliance Act took effect, in July. The law requires foreign financial institutions to report the incomes of their U.S. customers to the Internal Revenue Service. The U.S. is unique in that…

Ver la entrada original 46 palabras más

Anuncios
Estándar

Responder

Introduce tus datos o haz clic en un icono para iniciar sesión:

Logo de WordPress.com

Estás comentando usando tu cuenta de WordPress.com. Cerrar sesión / Cambiar )

Imagen de Twitter

Estás comentando usando tu cuenta de Twitter. Cerrar sesión / Cambiar )

Foto de Facebook

Estás comentando usando tu cuenta de Facebook. Cerrar sesión / Cambiar )

Google+ photo

Estás comentando usando tu cuenta de Google+. Cerrar sesión / Cambiar )

Conectando a %s