The US president’s mishandling of the coronavirus crisis has helped cause a 1,200% increase in people abandoning their US citizenship this year
He may not have built his “beautiful wall”, but Donald Trump is doing an A+ job of keeping people, including his own citizens, out of the US. Record numbers of people are giving up their US citizenship, according to analysis by a New York accountancy firm. More than 5,800 Americans renounced their citizenship in the first six months of 2020, Bambridge Accountants reports, a 1,210% increase on the six months to December 2019.
The US’s global tax reporting requirements are a major reason why many people decide to cough up the $2,350 (£1,775) fee required to officially cut ties with the US. Boris Johnson, for example, renounced his US citizenship in 2016 after complaining about the “absolutely outrageous” US tax demands. Nevertheless, it seems that Trump is sending an increasing number of expats over the edge.
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