In the first half of this year, the number of people who gave up American citizenship reached a record, double that of last year

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 In the first half of this year, the number of people who gave up American citizenship reached a record, double that of last year


According to a study released on Sunday by New Yorks Bambridge accountants, a record number of people gave up U.S. citizenship, according to a study released on Sunday by New Yorks Bambridge accountants.

The company looked up public data released every three months by the U.S. government, including the names of all those who renounced their U.S. citizenship.

They found that 2072 people gave up their American citizenship throughout 2019. In the past six months of 2020, the number of people who gave up their U.S. citizenship reached 5816, an increase of 1210% compared with 444 in the second half of last year.

Alistair Bambridge, a partner at the firm, said: most of these people have left the US [before] and they just feel fed up at last.

We found that there was a lot of interest in Trumps affairs, including the handling of the new coronation and the current political policy of the United States.

Currently, about nine million Americans live overseas.

Nicole Caba, who moved from New York to live in Lyon, France, told Newsweek that she noticed an increase in the number of people emigrating overseas or giving up American citizenship, especially after the outbreak of the new crown.

After the outbreak, she said, Americans are reexamining their values and may move to places outside the United States that are more in line with their beliefs. This more emotional mindset may also be one reason for the rise in the number of people giving up citizenship.

Look at the political atmosphere in the United States, and look at the black life is life movement All these things that happened during the outbreak made people think, ok If I really dont have much to do with it, why should I tie up with America?

He said U.S. citizens living abroad still need to file annual tax returns reporting their bank accounts, investments and pensions abroad. While these citizens can apply for $1200 in stimulus checks and $500 per child, for many, the annual tax returns in the United States are too much..

If Americans want to give up their American citizenship, they have to pay $2350 (about 16372 yuan). If they are not in the United States, they must go to the U.S. Embassy in person.

Despite the risks of relinquishing U.S. citizenship, Mr. Banbridge predicts that the trend will only continue to rise.

A lot of people are waiting for the election in November to see what happens. If trump is re elected, we believe there will be another wave of people who will decide to give up American citizenship.

According to a new study published on Sunday local time, a record number of people who give up their U.S. citizenship are on record, according to CNNs website on August 9.

More than 5800 Americans gave up their citizenship in the first six months of 2020, compared with 2072 for the whole of 2019, according to New York based Bainbridge, an immigration firm.

The firm said it looked at public data released by the U.S. government every three months on all those who renounce U.S. citizenship.

Its mainly people who have left the United States and they feel theyve had enough of it, said Alistair Bainbridge, one of the partners at Bambridge

Novel coronavirus pneumonia is a common problem. we are seeing people tired of everything here, including President Donald Trump, the way the United States should deal with the new crown pneumonia epidemic and the current US policy, he said.

Banbridge said that although many of those who gave up their nationality expressed dissatisfaction with the current political environment in the United States, another reason for their decision was often tax issues.

U.S. citizens living overseas still need to file annual tax returns reporting on their bank accounts, investments and pensions overseas, he said. Although these American citizens can claim $1200 per person and $500 per child, the annual tax returns are too much trouble for many.

Despite the risks of giving up U.S. citizenship, Mr. Banbridge predicts that the trend will only continue to rise.

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A study released on Sunday by Bambridge accountants in New York showed that giving up U.S. citizenship

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