ACA in the News: Does Renouncing U.S. Citizenship Make Sense For The Average American Abroad?
Forbes (July 28, 2022)
Does Renouncing U.S. Citizenship Make Sense For The Average American Abroad?
"A survey by Greenback Expat Tax Services shows that one in four expats are 'seriously considering' or 'planning' to renounce their U.S. citizenship. The burden of U.S. tax filing is the top reason for this.
Of the 3,200 expats in 121 countries surveyed, 86% feel that their issues are less likely to be addressed by the U.S. government than those of stateside Americans.
They aren’t alone in their thinking. American Citizens Abroad, for instance, advocates for taxation, compliance (specifically, 'Simplification of US tax compliance for US citizens abroad,'), and representation."