Thursday, August 13, 2020
International Tax Blog, 2020 Second Quarter Published Expatriates – Second Highest Quarterly Number Ever:
Last week 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 second quarter of 2020.
The number of published expatriates for the quarter was 2,406, which is the second highest quarterly number ever, with the first quarter of this year being the highest quarter ever. Therefore, 2020 is currently on track to have the highest number of published expatriates ever.
So far this year the total number of published expatriates has been 5,315. Annualized, this would put the number at over 10,000 for 2020.