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Americans Renounce US Citizenship

Sputnik International

An increasing number of Americans are renouncing their citizenship and giving up their passports, with 2015 already setting a new record. 13.08.2015, Sputnik International

2015-08-13T13:31+0000

2015-08-14T12:35+0000

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Americans Renounce US Citizenship

13:31 GMT 13.08.2015 (Updated: 12:35 GMT 14.08.2015)

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Americans renounce U.S. citizenship

An increasing number of Americans are renouncing their citizenship and giving up their passports, with 2015 already setting a new record.

Svetlana Ekimenko

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Victor Erofeyev

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An increasing number of Americans are renouncing their citizenship and giving up their passports, with 2015 already setting a new record.

A UK-based money transfer service, TransferWise, surveyed 2,090 American adults, with respondents asked about their long-term residency plans. More than a third said they would consider leaving the US and live in a foreign country.

An increasing number of Americans are prepared to go even further – and renounce their citizenship altogether. On this edition of Looking Forward, co-hosts Svetlana Ekimenko and Victor Erofeyev are joined by American tax lawyer Robert Wood, to look at the reasons for a substantial increase of American expatriates in recent years.