Say Goodbye, America: The Rich Are Renouncing Their Citizenship to Dodge Taxes
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It’s no secret that US expats are increasingly frustrated with the burden of US tax filing, as well as the difficulties they are encountering with everyday things, such as banking. The first quarter of 2015 shows the highest number of Americans renouncing citizenship of any quarter since this data was recorded. Why are they handing over their passports? Is it to dodge taxes or avoid the burden?
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