Thursday, May 5, 2016
International Tax Blog, Over 1,000 Published Expatriates in 2016 Q1 — The New Normal:
Today the Treasury Department published the names of individuals who renounced their U.S. citizenship or terminated their long-term U.S. residency (“expatriated”) during the first quarter of 2016.
The number of published expatriates for the quarter was 1,158. Only a few years ago, we would have been surprised by such a large quarterly number. Now having over 1,000 published expatriates per quarter appears to be the new normal.
The data released today follows three consecutive years where new records were set for the number of expatriates.