Skip to comments.Americans renouncing citizenship to become British thanks to tax rise
Posted on 03/02/2013 8:31:25 PM PST by Baynative
London-based American lawyers, who specialise in tax and immigration, report a threefold increase over the last five years in the number of American citizens who are giving up their citizenship - a process known as renunciation.
Across the world 1,781 Americans renounced their citizenship in 2011 compared with just 231 in 2008, when US tax laws changed, although it remains unknown how many are adopting British rather than any other nationality.
Many decide to give up their American citizenship after tiring of the lengthy US tax return process, which requires them to pay tax on their total income regardless of where they live.
Theres no question that the number of people renouncing their US citizenship is increasing, said Diane Gelon, a US tax and immigration lawyer based in London.
(Excerpt) Read more at telegraph.co.uk ...
While the article is mostly about wealthy folks, this is happening at all income brackets. Traveling to look for new places to live in retirement is big business these days.
This is what happens when you devalue American citizenship by giving it to illiterate people who sneak across the border and by overly taxing some wealthy or high income Americans. This makes me very sad.
That’s what they get for sending us Piers Morgan.
Off to the BVI...in three years. Can’t wait to go back.
No way in HELL would I live in the UK, again. (sorry UK FReepers, nothing against you. I know you are fighting the good fight).
The US is a big country, with a big central government and it is rapidly transitioning into a communist totalitarian state. True, the rest of the world is not that good, but the transition to tyranny in the US poses an imminent existential threat to conservative and libertarians.
Cue up the Jimmy Buffet song.....that’s sound like fun.
I have never been to the BVIs. I did go to the Bahamas, P.R. and Isla Vieques. All were mostly working vacations courtesy Uncle Sam.
I would include GITMO in that list, but that hardly counts.
sic...that sounds like fun...
Please return to your regularly scheduled postings.
Hope they’re all Obama DummyRATS.
The Left has made America much less valuable to those whom valued America. It has been a long process, but they are winning.
In three years Cuba and the USA could switch places in terms of personal freedom.
>> Being an American doesn’t have the emotional bond it once did.
It grows stronger every day for me.
I love my Country, and I will not turn my back on her. We will be victorious through our belief; not our doubt, despair, nor indifference.
I can not imagine anyone moving to the puking kingdom.
I think it is worse then the US.
I left the USSA around 2000, with no plans to return.
There is a large number of Americans moving to Central and South America.
I started out in central Europe but moved to the Philippines in 2008.
Living here is very cheap and very popular with single men from the US and Europe.
There are a number of web sites that are devoted to expating.
These two concentrate on central and south America.
“I love my Country, and I will not turn my back on her. We will be victorious through our belief; not our doubt, despair, nor indifference.”
That is very noble of you, but I think you overlook the fact that the majority has turned its back on YOU.
With over half of the population believing that a Marxist society would be just peachy keen, you must find yourself in a real dilemma.
Both the media, and the educational system in America is against you.
Stop and think. Did the founding fathers not face a similar situation in their home countries?
Whatever....Best of luck to you.
I’ve looked everywhere. If anyone can tell me how I can give up my American citizenship while maintaining US residency, I’d love to know. I just want to give up my citizenship for legal residency. Why? I like the place, sort of, but I can’t stand being a citizen of a country where 59 million people voted for that Marxist punk. When the American people come to their senses and elect the likes of Thomas Jefferson, I’ll reapply for US citizenship.
Renouncing your US citizenship for tax purposes might make sense. Becoming a Brit instead? Nope. Though not as crazy as becoming French, can’t you find a lower tax country?
” If anyone can tell me how I can give up my American citizenship while maintaining US residency, Id love to know.”
Other then being foolish, you are opening a can of worms.
You should just leave the country and wait to see if it gets back on course.
In what country do you plan to apply for citizenship and a passport?
You had better think this out.
The top marginal rate in the UK is approximately 60%. Any American who renounces their US citizenship for tax reasons is mathematically challenged.
You are missing the point, becoming a British citizen doesn’t make you liable for British taxes. You only pay UK tax if you are actually resident in the UK, whether you are British or foreign. Whereas US citizens pay tax no matter where they are.
I am a UK citizen living overseas and I haven’t paid tax to the British in almost eight years. I have a good friend who hasn’t lived in the US or earned a penny in the US for the same length of time and he was called to the US embassy where his passport was confiscated and he was told he would not get it back until he paid tax outstanding on income he’d earned overseas but which the US tax authorities wanted.
He’d never received an iota of assistance from the US government but here they were tracking him down to SE Asia to get him to pay tax.
Many American people have a rather naive view about how “free” they are in comparison to other nations. I wouldn’t like to be a US citizen, it confers no benefits that many other nations don’t equally confer but without a lot of the hassle.
It’s not about luck. I don’t have a choice in the matter.
Hey Alex, I knew you would find your way here, just like me. Today, I met some semi influential people from Davao City, who would be willing to help us in any way they can. It always helps to know people.
Not even close. If I was wealthy I'd "renounce" US citizenship and sign up with some other nation in a heartbeat, a nation that doesn't paint a target on your back.
It seems a long time ago now that I served proudly in the Marines under Commander-in-Chief Ronald Reagan. I was actually proud to be an American back then. Today we have a sodomized, feminized, politically correct military that continues to slide down a slop hole under an America-hating African communist. It makes me throw up in my mouth a little.
The United States of America is now nothing more than a big land mass populated by cretins, ingrates, and parasites who have absolutely no respect for the military and who vote for big government to confiscate money from their neighbors so that it may be redistributed to them in exchange for their votes. It is not an America worth defending anymore. That America no longer exists.
The parasites outnumber the hosts now, and theres no going back. America is dead.
The Democrats have won.
Even the immigrants, legal and illegal, don't come to America anymore because they want to be "Americans" - - they come here to vote Democrat and steal whatever they can by proxy. It's a shame. America had a great run but nothing lasts forever.
So after supporting it, giving money to it, and voting for it they flee?
Just another day in Obamaland. :(
“Its not about luck. I dont have a choice in the matter.”
I concede that expatriating can be a hard choice for many, especially if with family.
I believe you are correct sir. At the risk of being flamed, I think there is no hope for America either. We are finished as a country. I know some people are still confident we can turn this around. My opinion is, this could only happen through a civil war, so I am leaving the country soon. America was a nice experiment, but it has finally failed.
Change you can bereave in?
...No, I am not doing a bad Charlie Chan impersonation..
...Yes, I know who Charlie Chan is even though I am really not that old. :-D
It kind of depends on your income and your trade. True, the overall tax sink in the UK is certainly no better, but tax is applied differently. Depending on your circumstance, it certainly could be very worthwhile economically.
I would imagine that even if the number of Americans renouncing their citizenship to become Brits has gone up, the reverse process is still much higher.
Sir John Templeton
A knight of the realm who spoke with a Tennessee accent.
Both the media, and the educational system in America is against you.
The answer to that is to persuade the majority to feel otherwise, before the facts of life catch up with the US and force them to realise they are wrong. Battles are not won by retreats. In any case, where in the world can you go to avoid greed, envy and sloth (the foundation stones of socialist systems)
But just as the promises of socialism, the "fairness" and the "equality" are all just smoke and mirrors, so too is the strength of socialists. Their constant assertion that progression (their version) MUST and WILL occur is totally non verifiable. They win because of apathy and guilt and selfishness ("I'm not going to do anything because this particular issue is not my problem")
So I would urge you to reconsider, because when all is said and done, despondency is the enemy's greatest weapon.
“The answer to that is to persuade the majority to feel otherwise”
That is the problem in the US.
The majority has been persuaded to let dear leader Obumbo take care of them.
As I have posted many times, the media and education K-Grad school has been taken over by the Communist.
“In any case, where in the world can you go to avoid greed, envy and sloth (the foundation stones of socialist systems”
Greed and envy exist everywhere, but here in the Philippines there is very little government control of ANYTHING, other then immigration.
The native population views life as what God has given them.
They expect and get nothing from the government.
No, it’s not about the option of expatriating. It’s about commitment.
“No, its not about the option of expatriating. Its about commitment.”
Very noble...you have a commitment..A commitment to what, and how do you plan to carry it out?
I’d say that’s all true, but the transition and final outcome is a threat to everyone in the world. Russia/China and all the other communist and muslim states will be able to do whatever they want with no fear of US intervention.
These are truly dark times, what bastion of Liberty is there left?
The decline of America will effect every human on Earth.
anyone can tell me how I can give up my American citizenship while maintaining US residency, Id love to know.>>>>>>>>>>>>>
Simple really. Pay all of your Taxes, Apply for renunciation with the State Department, do the renunciation , apply for a court ordered name change, and then apply for a green card.
You will have to NOT pay anymore taxes. Thats the trick.
To "alexw" it's not about luck either - it's about his bragging rights to have abandoned the U.S.
Don't you think it's very weird for someone to come to FR, almost every day, and brag about how he's left the U.S. while at the same time holding on to his U.S. citizenship?
Many of us "old timers" are still emotionally and patriotically bonded to being Americans. We are waiting for America to return to us. I fear that as the next two generations pass on, the memory will fade and the People will truly become the Sheeple and have no sense of the Freedoms and substance they have lost.
Like ethylene glycol (antifreeze).
I recently got an email from an associate who asked, "Are you SOMEBODY?"HE went on to make several points about things that are slipping away from us and how people often say, "somebody should do something". The moral of his writing is that we have largely become a population of people waiting for someone else to act on our behalf. It's ironic since so many of us speak negatively about those who do little and expect someone else to take care of them.
While the internet has given us a great tool for communication and mobilization, the truth is most folks just use it to forward messages or jokes in the passive assumption that someone down the line may come up with the energy or an idea with which to fight back. Oddly, the majority is letting the minority succeed in taking our country away. We are letting lawlessness prevail and we are giving up our freedom.
I have a friend a few years older than me who frankly says, "I'm not going to be around long enough to worry about it. Let them wallow in the slop they're creating."
Which, of course, is irrelevant for US citizens living in the UK, which is what this article discusses because the UK is a higher-tax country than the US. US citizens are eligible to claim a foreign tax credit against their domestic tax liabilities, which avoids the issue of double taxation.
Worldwide taxation prevents US citizens from mooching off the benefits of US citizenship while evading taxation as tax exiles. However, I'm reasonably sure that no US resident of the UK is there as a tax exile.
“HE went on to make several points”
So is he doing anything?
Including DEFENSE. The Philippines spends almost nothing on its own defense, preferring to ask the US taxpayer to defend its borders from regional threats. Yeah, great model there. Some things are worth spending money on, but why bother when there's someone in the neighborhood willing to bail you out?