In the first six months of 2019, 2,082 people renounced US citizenship. More Americans have renounced their citizenship this year than the previous year. In the first six months of this year, the number has risen to more than 5,600. That’s according to figures from New York-based Bambridge Accountants.
The agency says it has confirmed the numbers by analyzing various government data. The US government publishes information every three months. The names of the people who renounced their citizenship were revealed there.
Alistair Bambridge is a partner at the Bambridge Accountants Institute. This is basically a list of people who have already left the United States, he said in a statement. They have decided that they will never return.
Many are dissatisfied with the current political situation in the United States. Many more are talking about taxes. Because even if a citizen of the United States is abroad, he has to pay taxes every year. They even have to provide various information about their bank accounts abroad.
Those who want to renounce their US citizenship must go to the US Embassy in a country other than the United States. There they must pay 2,350.
What we are seeing is that people are making such decisions because of what is happening because of President Trump, the statement said. People are giving up US citizenship, especially because of the current political climate in the United States, the way the corona virus epidemic is being handled, and more.
Alistair Bambridge said many people in the United States are looking forward to next November’s election. They are waiting to see what happens in this upcoming election. If President Trump wins again, we believe that the tide of renunciation of US citizenship will increase.