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Keyword: expats

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  • The IRS Crackdown on Offshore Tax Cheats Comes with a Price

    07/04/2014 5:44:44 AM PDT · by SeekAndFind · 40 replies
    Fiscal Times ^ | 07/04/2014 | John Grgurich
    <p>If you're an American, July 4 likely holds some significance for you, even if that's only getting the day off from work, having a beer, and watching some fireworks. But if you're an American living overseas, July 1 may come to hold an even greater significance — the day the Internal Revenue Service's new overseas tax-collection rules took effect.</p>
  • Foreign banks to report on Americans trying to evade taxes as US FACTA starts July 1

    07/02/2014 7:15:58 AM PDT · by SeekAndFind · 27 replies
    US Foreign Account Tax Compliance Act (FATCA) that allows banks worldwide to reveal information about their depositors, takes into effect on July 1. Under the new act all foreign banks are required to reports all offshore accounts of the US citizens. Banking centers like Switzerland and Luxembourg that agreed to the US Foreign Account Tax Compliance Act (FATCA) will have to begin turning over account names and other data to US financial authorities so that they can tax unreported income. According to the Internal Revenue Service, US citizens will have fewer options to stash their cash offshore away from the...
  • The U.S. dollar will officially collapse on 1 July 2014 due to the implementation of H.R. 2847.

    04/27/2014 11:09:45 AM PDT · by tired&retired · 62 replies
    Snopes.com ^ | Snopes
    Write Down This Date: July 1st, 2014 On this date, U.S. House of Representatives Bill "H.R. 2847" goes into effect. It will usher in the true collapse of the U.S. dollar, and will make millions of Americans poorer, overnight. You now have just several months to prepare ... Snopes Opinion: Mixture of Truth & NonTruth Origins: This item about the passage of H.R. 2847 causing the U.S. dollar to collapse as of 1 July 2014 is another example financial scarelore put out in conjunction with an investment come-on, in this case an ominous sales pitch put out by the folks...
  • More renounce US citizenship but deny stereotype

    04/27/2014 8:08:31 AM PDT · by Navy Patriot · 34 replies
    Yahoo News (AP) ^ | April 27, 2014 | ADAM GELLER
    Inside the long-awaited package, six pages of government paperwork dryly affirmed Carol Tapanila's anxious request. But when Tapanila slipped the contents from the brown envelope, she saw there was something more. "We the people...." declared the script inside her U.S. passport — now with four holes punched through it from cover to cover. Her departure from life as an American was stamped final on the same page: "Bearer Expatriated Self." With the envelope's arrival, Tapanila, a native of upstate New York who has lived in Canada since 1969, joined a largely overlooked surge of Americans rejecting what is, to millions,...
  • Why expats are ditching their U.S. passports: Here's a profile of some of them...

    03/11/2014 9:07:53 AM PDT · by SeekAndFind · 165 replies
    CNN Money via Yahoo News ^ | 03/11/2014 | Sophia Yan
    3,000 Americans around the world renounced their citizenship last year. Meet five U.S. citizens who have given up their passports -- or are thinking about it -- to escape an overly complicated tax code. I threw up after renouncing View photo.Donna-Lane NelsonName: Donna-Lane Nelson, 71Lives in: Geneva, Switzerland I renounced my U.S. citizenship in 2011. After I did it, I was so emotional that I threw up outside the embassy. During my renunciation, I broke down. It was like getting a divorce. America gave me my education, a good career path, and I came from a beautiful part of the...
  • The number of Americans who renounced their citizenship in 2013 just shattered 2011's record

    02/10/2014 7:21:01 PM PST · by SeekAndFind · 20 replies
    Hotair ^ | 02/10/2014 | Erika Johnsen
    There are any number of reasons a person might consider giving up their U.S. citizenship, ranging from the familial to the professional to the financial, but for me at least, it would take a heck of a lot for me to even think about it. And by “a heck of a lot,” I mean that I have difficulty fathoming a situation in which I would actually want to give up my citizenship and/or live anywhere permanently other than the United States, because from where I’m sitting, the mere suggestion sounds pretty ghastly — which is precisely why our spiking expatriation...
  • New U.S. 2014 Tax Regime is "Devastating," Experts Say

    12/30/2013 11:22:19 PM PST · by VitacoreVision · 18 replies
    The New American ^ | 30 December 2013 | Alex Newman
    A new IRS tax regime in 2014 will be devastating for the U.S. economy, and for millions of Americans working abroad, especially those in the middle class. New U.S. Tax Regime is "Devastating," Experts Say The New American 30 December 2013 Already facing “pariah” status worldwide due to onerous IRS requirements, millions of Americans living and working abroad are preparing to deal with a deluge of even bigger problems in 2014, when a byzantine new tax regime starts going into effect. Known as the Foreign Account Tax Compliance Act, or FATCA, the deeply controversial and incredibly complex scheme is...
  • Why US baby boomers are retiring in Latin America

    12/02/2013 7:35:24 AM PST · by posterchild · 61 replies
    Christian Science Monitor ^ | Dec 1, 2013 | Daniel B. Wood
    LOS ANGELES — After 20 years in the US military, James Cummiskey was divorced and looking for a change. Relenting to his buddy's request, he flew to Medellín, Colombia, for a visit. He looked, he saw, and, by dinner time, he decided to stay. Permanently. "After four to five hours, I was immediately captured by everything I saw," says the ex-marine, who has lived in 35 countries. He spent the next four months selling two homes, three vehicles, two motorcycles, and one airplane. He put the money aside and decided to retire early. Now he lives in a posh section...
  • Any pinglist for moving overseas?

    10/18/2013 2:46:47 PM PDT · by Oshkalaboomboom · 47 replies
    10/18/2013 | Oshkalaboomboom
    The older I get the more I fear that I will not be able to afford to live in the country I was born in and thought I would die in. We're basically left with the choice of burning through all of our savings until we end up living out our days on the dole or selling out and moving someplace with a low enough cost of living to allow my wife and I to live out our retirement in dignity. Right now we are looking at Ecuador based on the positive experiences of friends that successfully retired there and...
  • Why I will never return to the USA

    10/15/2013 5:13:40 PM PDT · by EveningStar · 72 replies
    Das Magazin ^ | October 9, 2013 | Niels Gerson Lohman
    After a year of traveling, I had planned a last, short trip. I was going to take the train from Montreal to New Orleans. The travels I had been undertaking earlier this year had brought me to places that were meant to form the background of my second novel... First, he saw my Sri Lankan stamp. The customs officer raised his eyebrows. "Sri Lanka, what were you doing over there?" "Surfing. Traveling. My best friend lives there. He is an architect." The officer flipped on, seemingly satisfied. Secondly, he found my stamps from Singapore and Malaysia. "What were you doing...
  • I hear Belize is nice, maybe Costa Rica

    10/11/2013 10:28:20 AM PDT · by kyperman · 166 replies
    Monday, October 25, 20105 Best Countries to Escape America's Decline Activist Post Okay, you're upset with the direction America is headed and you've been thinking of moving to another country. Perhaps you feel exhaustively cynical about the political, economic, or social situation in the U.S. and think it is beyond repair. You wouldn't be alone. Many top economists and other trend forecasters are now openly predicting that a total economic, environmental, and social collapse may be imminent in America.
  • Why are Americans giving up their citizenship?

    09/26/2013 6:19:38 PM PDT · by PotatoHeadMick · 41 replies
    BBC ^ | 26 September 2013 | Tom Geoghegan
    The number of Americans giving up their citizenship has rocketed this year - partly, it's thought, because of a new tax law that has frustrated many ex-pats. Goodbye, US passport. That's not a concept that Americans contemplate lightly. But it's one that many of them seem to be considering - and acting on. The number of expatriates renouncing their US citizenship surged in the second quarter of 2013, compared with the same period the year before - 1,131 cases to 189 in 2012. The list is compiled by the Federal Register and while no reasons are given, the big looming...
  • (Vanity) Question regarding obamacare and those living outside the US

    09/25/2013 1:44:34 PM PDT · by Red in Blue PA · 57 replies
    Does an American living outside the US need to pay the penalty of obamacare? Many take 6 to 12 month (or longer trips traveling the world, living off of their savings. Others live overseas and live a life which is simpler and as such, have less money coming in. What does a person living a good life in central American with a small store or restaurant do? If they make a few thousand in profit, that is fine living in many places. Obamacare fines would eat those profits up in no time. Additionally, what is the point of buying into...
  • U.S. Expats Balk at Tax Law: American Citizen Renunciations Are Soaring

    08/13/2013 5:33:51 AM PDT · by SeekAndFind · 31 replies
    Wall Street Journal ^ | 08/12/2013 | MARIKO SANCHANTA And JASON CHOW
    The U.S.'s crackdown on global tax evaders is prompting some Americans in Asia to rethink their citizenship, attorneys there say, in part amid an increasing burden of paperwork required by U.S. tax law. "When I became an immigration lawyer 30 years ago, people really were excited about going to America. Now, more than half of my clients are people thinking of other alternatives rather than people seeking to immigrate to America," said Eugene Chow, the principal of Chow King & Associates in Hong Kong. "My mentor, who is in his early 80s, said to me, 'You became an immigration lawyer...
  • RUSH: Giving up citizenship -which nation is the New America?

    08/12/2013 10:42:33 AM PDT · by Deathtomarxists · 114 replies
    Just listening to Rush He is discussing the increase in people giving up US citizenship. I have thought about this as have many in my family. But where to go? Is it really an option politically and financially? Which culture would be the best fit for an ex-American citizen? What kind of legal hassles would result? Please be specific as to why you feel the country you state is the "best" country to immigrate to; political/social atmosphere, wage, social mobility, entrepreneurial opportunities, etc.
  • MASSIVE jump in people who renounced US citizenship last quarter

    08/08/2013 2:33:33 PM PDT · by Perdogg · 90 replies
    Sovereignman.com Makarska, Croatia ^ | August 8, 2013 Makarska, Croatia | by Simon Black Makarska, Croatia
    Submitted by Simon Black via Sovereign Man blog, A massive 1,131 individuals renounced their US citizenship last quarter, according to data that has yet to be officially released (though I was able to procure an advanced copy). This is a HUGE jump. Compared to the same quarter last year in which 188 people renounced their US citizenship, this year’s number is over SIX TIMES higher. Not to mention, it's 66.5% higher than last quarter's 679 renunciations. This brings the total number of renunciations so far this year to 1,810. While still embryonic, it's difficult to ignore this trend– more and...
  • Number of Americans Renouncing Citizenship Surges

    08/09/2013 12:17:12 PM PDT · by Sub-Driver · 42 replies
    Number of Americans Renouncing Citizenship Surges Expert Says 2013 on Pace to See Highest Number of U.S. Expatriations Ever By LAURA SAUNDERS CONNECT The number of Americans renouncing their citizenship or permanent-resident status surged to 1,130 for the second quarter. According to international tax lawyer Andrew Mitchel, who practices in Centerbrook, Conn., it's the highest number of quarterly expatriations ever reported, and it puts 2013 on pace to have the largest number of renunciations ever. The Internal Revenue Service publishes a quarterly list of the names of recent expatriates in the Federal Register. Experts note that sometimes there's a delay...
  • A Special Tax Misery for Americans Living Abroad

    07/22/2013 2:28:18 PM PDT · by SeekAndFind · 25 replies
    Wall Street Journal ^ | 07/18/2013 | COLLEEN GRAFFY
    Beware the sledgehammer used to crack the nut. In this case, the nut is the U.S. government's laudable goal of catching tax evaders. The sledgehammer is the overreaching effect of legislation that is alienating other countries and resulting in millions of U.S. citizens abroad being forced to either painfully reconsider their nationality, or face a lifetime of onerous bureaucracy, expense and privacy invasion. The legislation is Fatca, the Foreign Account Tax Compliance Act. To appreciate its breathtaking scope along with America's unique "citizen-based" tax practices, imagine this: You were born in California, moved to New York for education or work,...
  • Due to Increased Regulations, Millions of Americans Abroad Forced to Reconsider U.S. Citizenship

    07/17/2013 12:33:53 PM PDT · by Errant · 67 replies
    The Weekly Standard ^ | 17 July, 2013 | DANIEL HALPER
    The Foreign Account Tax Compliance Act, or Fatca, is forcing millions of Americans living abroad to reconsider their U.S. citizenship, a lawyer, Colleen Graffy, writes in the Wall Street Journal. "The legislation is Fatca, the Foreign Account Tax Compliance Act. To appreciate its breathtaking scope along with America's unique "citizen-based" tax practices, imagine this: You were born in California, moved to New York for education or work, fell in love, married and had children. Even though you have faithfully paid taxes in New York and haven't lived in California for 25 years, suppose California law required that you also file...
  • Going Galt: More Americans Vote with their Feet against Obama

    05/12/2013 9:39:41 AM PDT · by Kaslin · 16 replies
    Townhall.com ^ | May 11, 2013 | Daniel J. Mitchell
    I’ve written many times about how investors, entrepreneurs, small business owners and other successful people migrate from high-tax states to low-tax states. Well, the same thing happens internationally, as France’s greedy politicians are now learning. It’s a lot harder for Americans to escape our tax system, though, in part because of reprehensible exit taxes that are disturbingly reminiscent of some of the awful policies of past totalitarian regimes. But it still happens, and that’s a very damning indictment of Obamanomics and a worrying referendum on the future of the United States. Here are some blurbs from a recent Fortune article.Americans...
  • Hey Freepers - Have You Ever Been to Buenos Aires , Argentina ? ( Vanity )

    07/09/2012 7:16:17 PM PDT · by sushiman · 32 replies
    7/9/12
    I'd be very happy to hear about your experiences in this city , and / or Argentina in general .
  • Americans renouncing citizenship to become British thanks to tax rise

    03/02/2013 8:31:25 PM PST · by Baynative · 68 replies
    The Telegraph ^ | 02 Mar 2013 | David Barrett
    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...
  • Struggling Caribbean islands selling citizenship

    02/13/2013 3:41:14 PM PST · by posterchild · 38 replies
    AP via news.yahoo.com ^ | Tue Feb 12, 2013 | David Mcfadden
    KINGSTON, Jamaica (AP) -- Hadi Mezawi has never set foot on the Caribbean island of Dominica, has never seen its rainforests or black-sand beaches. But he's one of its newest citizens. Without leaving his home in the United Arab Emirates, the Palestinian man recently received a brand new Dominican passport after sending a roughly $100,000 contribution to the tropical nation half a world away. "At the start I was a little worried that it might be a fraud, but the process turned out to be quite smooth and simple. Now, I am a Dominican," said Mezawi, who like many Palestinians...
  • Pew global survey: The most anti-American country in the world is…

    01/12/2013 7:33:27 PM PST · by SeekAndFind · 54 replies
    Hotair ^ | 01/12/2013 | AllahPundit
    If you look only at the topline question it's a tie between Jordan and Pakistan. But don't look only at the topline question. Click around in the left sidebar at the link and watch how some of the numbers change as you get into specifics --- opinions of American democracy, American business, etc. When you get to American technology and scientific advances, even a near-majority of Pakistanis (47/27) have a favorable opinion. There's only one country where anti-Americans outnumber pro-Americans on every single question. Here's a hint: We're duty bound by treaty to come to their defense if they’re attacked.While...
  • Should you leave the USA before the collapse? Words of wisdom from someone who tried

    01/04/2013 8:33:51 PM PST · by Kartographer · 125 replies
    Poor Richards Blog Spot ^ | 12/14/12 | Mike Adams
    Realization #1 - Corruption is far worse outside the USA Realization #2 - Many cultures do not practice long-term preparedness thinking Realization #3 - Don't be the foreigner Realization #4 - You cannot escape the global police state Realization #5 - You are far safer to hunker down than try to go mobile
  • More Americans Living Abroad Turning In Passports

    05/30/2012 11:12:24 PM PDT · by Olog-hai · 16 replies
    Investor's Business Daily ^ | 05/29/2012 06:54 PM ET | TOM GRAY
    Eduardo Saverin is not exactly your typical ex-American. He's too rich to be that. But the newly minted Facebook billionaire, who renounced his U.S. citizenship last year in favor of Singapore, is part of a trend. A small but growing number of Americans are turning in their passports. Last year, the Treasury Department reported that 1,781 American citizens or long-time legal residents cut their ties with the U.S. This was up from 1,534 in 2010, 742 in 2009 and just 231 in 2008. There were 461 renunciations in the first quarter of 2012 alone. By comparison, the annual average for...
  • Close US elections race makes expats “nervous”

    11/01/2012 12:13:51 PM PDT · by Olog-hai · 23 replies
    http://www.euractiv.com ^ | October 31, 2012 | Daniela Vincenti
    Just days before US elections, American expatriates in Europe feel increasingly anxious about the neck-and-neck race between incumbent President Barack Obama—heavily favored on this side of the Atlantic—and Republican contender Republican Mitt Romney. … “I believe perceptions are already formed,” said Michael Kulbickas, who chairs Republicans Abroad in Belgium. … A recent German Marshall Fund poll showed that if Europeans could vote, an overwhelming majority (75%) would support Obama. Only 8% said they would vote for Romney. … “People here don’t know Romney. Obama is very popular,” Kulbickas agrees, stressing the victory of Romney will be a shock for most...
  • Socialite dumps US passport and most taxes too(Denise Rich)

    07/09/2012 7:34:28 AM PDT · by jakerobins · 44 replies
    Denise Rich, the wealthy socialite and former wife of pardoned billionaire trader Marc Rich, has given up her U.S. citizenship - and, with it, much of her U.S. tax bill. Rich, 68, a Grammy-nominated songwriter and glossy figure in Democratic and European royalty circles, renounced her American passport in November, according to her lawyer. Her maiden name, Denise Eisenberg, appeared in the Federal Register on April 30 in a quarterly list of Americans who renounced their U.S. citizenship and permanent residents who handed in their green cards. By dumping her U.S. passport, Rich likely will save tens of millions of...
  • Why More and More Americans are Abandoning Their US Citizenship

    07/04/2012 7:11:39 AM PDT · by SeekAndFind · 41 replies
    The Daily Reckoning ^ | 07/03/2012 | Eric Fry
    07/03/12 Laguna Beach, California – In November, millions of Americans will trudge to their local polling places to cast votes in the hope of improving their lives here in the USA. Between now and then, a few hundred Americans will vote with their feet in the hope of improving their lives outside the USA.Last year, nearly 1,800 Americans surrendered their citizenship. In a nation of 300 million folks, 1,800 émigrés is hardly a rush for the exits. But the recent trend is, nevertheless, intriguing.As recently as four years ago, only 200 people checked out of America for good. Back...
  • Uruguay Government Plans To Sell Marijuana

    06/25/2012 9:21:35 AM PDT · by ex-Texan · 50 replies
    Personal Liberty Digest ^ | 6/25/ 2012 | Bryan Nash
    In an attempt to lower crime and raise government revenue, Uruguay is planning on legalizing marijuana. Currently, it is legal to possess less than 25 grams of cannabis, but it is illegal to grow or sell it. If the proposal passes, Uruguay’s government would oversee the growth and distribution of the $75 million business. Buyers would be required to register with the government. “It’s a fight on both fronts: against consumption and drug trafficking,” said defense minister Eleuterio Fernandez Huidobro. “We think the prohibition of certain drugs is creating more problems for society than the drugs themselves.” Congress must approve...
  • Wealthy Americans Jumping Obama’s Ship

    06/24/2012 4:53:28 PM PDT · by SeekAndFind · 31 replies
    Newsmax ^ | 06/23/2012
    Wealthy Americans aren’t just leaving tax-heavy states like New York and California, they’re leaving the country. U.S. citizens are defecting at record levels in order to escape high taxes, the New York Post reported. About 8,000 U.S. citizens are projected to renounce their citizenship in 2012, or about 154 a week — versus 3,805 in 2011, or about 73 per week, according to immigration officials, the Post reported. They want to avoid tax bills resulting from the proposed 55-percent hike on the wealthy and the anticipated expiration of the Bush-era tax cuts at the end of the year, the Post...
  • Obama "sending healthcare dollars (your money) offshore?

    06/21/2012 1:21:26 PM PDT · by zerosix · 13 replies
    June 20, 2012 | Self
    Does anyone know about a "law" (perhaps Obamacare) that allows "Obama (government) to send tax dollars to other countries to allow citizens of other countries who have lived in U.S., pay for doctors, hospitals and/or medicine?A Filipino lady was telling me today that one of the reasons she likes Obama is that "he signed a law that will send Medicare money to my country to pay for my people who used to live in U.S. but have returned 'home' and need medical attention but couldn't afford it."
  • Quarterly Publication of Individuals, Who Have Chosen To Expatriate, as Required by Section 6039G

    05/20/2012 3:47:05 PM PDT · by mtnwmn · 3 replies
    Federal Register ^ | 2/2/12 | Internal Revenue Service
    Summary This notice is provided in accordance with IRC section 6039G, as amended, by the Health Insurance Portability and Accountability Act (HIPAA) of 1996. This listing contains the name of each individual losing their United States citizenship (within the meaning of section 877(a) or 877A) with respect to whom the Secretary received information during the quarter ending December 31, 2011.Show citation box
  • 'I have paid my dues and I'm done with the U.S': Facebook co-founder Eduardo Saverin..

    05/18/2012 6:19:09 AM PDT · by C19fan · 84 replies
    UK Daily Mail ^ | May 17, 2012 | Staff
    Facebook co-founder Eduardo Saverin, under fire over the tax consequences of renouncing his U.S. citizenship, said on Thursday he is obligated to and will pay 'hundreds of millions of dollars in taxes to the United States government.' The social media entrepreneur and investor said in a statement, emailed to Reuters by a spokesman, that his decision to move to Singapore was 'based solely on my interest in working and living' there.
  • A Facebook Co-Founder Reflects on the Path Forward (Renounced his U.S. citizenship?)

    05/17/2012 11:29:12 AM PDT · by AngelesCrestHighway · 11 replies
    Yahoo Finance ^ | 05/17/12 | QUENTIN HARDY
    Eduardo Saverin can escape the United States, but he cannot slip Facebook. “Everything I do in my personal life, in my professional life, it’s completely there,” said Mr. Saverin, a Facebook co-founder, in his first major interview. “A lot of what I do, what everyone does, is influenced by it.” Alone among Facebook’s 900 million users, Mr. Saverin is special: a billionaire with only the vaguest of causes. He co-founded Facebook at age 21, then left two years later with a legal settlement that cut him off from Facebook but left him phenomenally wealthy. His stake will most likely be...
  • Facebook founder Eduardo Saverin could be BANNED from the U.S. after renouncing citizenship

    05/17/2012 2:13:10 PM PDT · by SeekAndFind · 43 replies
    Daily Mail ^ | 05/17/2012
    Facebook co-founder Eduardo Saverin may not be allowed to return to the United States after he renounced his citizenship to save millions in tax. The 30-year-old, who has a $3.64billion stake in the social networking site, migrated to Singapore ahead of the company's massive stock market floatation tomorrow. The timing of the move has raised eyebrows since Singapore does not have a capital gains tax, which could vastly reduce his bill on any payout. According to an immigration law, he could be refused re-entry to the U.S. if he is judged to have relocated for the purposes of avoiding taxes....
  • GOODBYE, AMERICA: Billionaire Facebook Cofounder Renounces Citizenship (Your taxes are not for me)

    05/11/2012 2:24:03 PM PDT · by SeekAndFind · 47 replies
    Business Insider ^ | 05/11/2012 | Nicholas Carlson
    Billionaire Facebook cofounder Eduardo Saverin is renouncing his citizenship ahead of the company's IPO at the end of next week. Saverin is the cofounder who got booted from the company WAY back in 2005. They made a movie about it. His 4 percent stake is worth about $4 billion and he's going to save a boatload on taxes with the move. Singapore, where Saverin lives, does not have a capital gains tax. He will have to pay an exit tax on his holdings, but it will be at Facebook's valuation now, not after the IPO. “Eduardo recently found it more...
  • Americans renounced their citizenship in record numbers in 2011

    05/05/2012 11:17:27 AM PDT · by Daffynition · 27 replies
    TR.com ^ | 03 May, 2012, | staff reporter
    If you think residing in America is taxing, just talk to one of the many expatriates who is contributing to a shocking statistic recently discovered: across the globe, people are renouncing their US citizenship in record numbers. At least 1,788 Americans officially threw away their US citizenship in 2011, exceeding the totals from 2007, 2008 and 2009 combined. The Internal Revenue Service has been keeping a tally of US citizens driven to renouncing that title since only 1998, but last year’s number has officially raised the bar when it comes to calling America quits. What’s more, experts say, is that...
  • MAN TRIES TO RELINQUISH US CITIZENSHIP. APPLICATION DENIED.

    04/26/2012 1:38:58 PM PDT · by SeekAndFind · 26 replies
    Sovereign Man ^ | 04/25/2012 | Simon Black
    I was approached recently by a member of our Sovereign Man community who filed the paperwork to relinquish US citizenship some time ago. Long story short, after an incomprehensibly long wait, the US government finally sent him a reply: Application DENIED. Absolutely shocking. That you even have to ‘apply’ to relinquish what you never signed up for is intellectually insulting. That you cannot do so freely, and immediately, is nothing short of totalitarian. It’s still an embryonic movement, though more and more US citizens are being driven to divorce their country. Last year nearly 1,600 people gave up US citizenship,...
  • Taxes Prompt More Americans to Renounce Citizenship

    04/16/2012 6:43:58 PM PDT · by markomalley · 92 replies
    Reuters/CNBC ^ | 4/16/12
    A year ago, in Action Comics, Superman declared plans to renounce his U.S. citizenship. "'Truth, justice, and the American way' — it's not enough anymore," the comic book superhero said, after both the Iranian and American governments criticized him for joining a peaceful anti-government protest in Tehran. Last year, almost 1,800 people followed Superman's lead, renouncing their U.S. citizenship or handing in their Green Cards. That's a record number since the Internal Revenue Service began publishing a list of those who renounced in 1998. It's also almost eight times more than the number of citizens who renounced in 2008, and...
  • Special Report: Tax time pushes some Americans to take a hike

    04/17/2012 8:33:04 AM PDT · by Red Badger · 12 replies
    Reuters ^ | Mon Apr 16, 2012 12:34pm EDT | By Atossa Araxia Abrahamian
    A year ago, in Action Comics, Superman declared plans to renounce his U.S. citizenship. "'Truth, justice, and the American way' - it's not enough anymore," the comic book superhero said, after both the Iranian and American governments criticized him for joining a peaceful anti-government protest in Tehran. Last year, almost 1,800 people followed Superman's lead, renouncing their U.S. citizenship or handing in their Green Cards. That's a record number since the Internal Revenue Service began publishing a list of those who renounced in 1998. It's also almost eight times more than the number of citizens who renounced in 2008, and...
  • Americans leaving US in record numbers

    12/09/2011 8:50:03 AM PST · by Just4Him · 47 replies
    RT ^ | 12/8/2011
    Ever dream of leaving it all behind and heading out of America? You’re not the only one. A new study shows that more US citizens than ever before are living outside of the country. According to statistics from the US State Department, around 6.4 million Americans are either working or studying overseas, which Gallup says is the largest number ever for such statistic. The polling organization came across the number after conducting surveys in 135 outside nations and the information behind the numbers reveal that this isn’t exactly a longtime coming either — numbers have skyrocketed only in recent years....
  • Meet The Growing Number Of Americans Who Want To Move Abroad

    11/10/2011 8:11:16 PM PST · by Niuhuru · 106 replies
    Business Insider ^ | Nov. 8, 2011, 5:21 PM | Abby Rogers and Gus Lubin
    A growing number of Americans is thinking about turning expat, according to a survey by America Wave and Zogby International. The share of Americans planning to relocate increased to 2.5 percent from 0.8 percent in 2009. If this number describes the entire population, that means around 6 million Americans are planning on leaving the country. America Wave's Bob Adams (a Business Insider contributor) found that single people, political conservatives and men were more likely to be in this group.
  • Insight: America's rich losing tussle with taxman (you can't even renounce citizenship)

    09/30/2011 3:46:09 PM PDT · by SeekAndFind · 25 replies
    Real Clear Markets ^ | 09/30/2011 | Chris Vellacott
    When Irish rockers U2 took to the main stage at this year's Glastonbury music festival, a small but vocal group of activists raised a large balloon emblazoned with the words "U Pay Tax 2?" Most people in the 60,000-strong crowd barely noticed the stunt on a rain-lashed night, but the world's media latched on to the protest and gave it prominent mention in their reports of the eagerly awaited performance by one of rock and roll's biggest acts. Years ago the band transferred some of its assets from Ireland to the Netherlands, as did members of the Rolling Stones, prompting...
  • The Attack on Accidental Americans

    09/22/2011 8:10:12 AM PDT · by danielmryan · 44 replies · 3+ views
    Whiskey and Gunpowder ^ | Sept. 21, 2011 | Wendy McElroy
    When Julie Veilleux discovered she was American, she went to the nearest U.S. embassy to renounce her citizenship. Having lived in Canada since she was a young child, the 48-year-old had no idea she carried the burden of dual citizenship. But the renunciation will not clear away the past 10 years of penalties with the Internal Revenue Service (IRS).Born to American parents living in Canada, Kerry Knoll’s two teenaged daughters had no clue they became dual citizens at birth. (An American parent confers such status on Canadian-born children.) Now the IRS wants to grab at money they earned in Canada...
  • Help! I’m on the IRS hit list

    09/20/2011 7:20:21 AM PDT · by Glenn · 37 replies
    The Globe and Mail ^ | Sep. 20, 2011 9:35AM EDT | MARGARET WENTE
    When my friend Brian told me the American tax police were after him, I thought he must be nuts. Brian is a worrier. He gets a little paranoid sometimes. “We haven’t filed a U.S. tax return in 20 years,” he said. “Now our accountant says we have to – or else.” Brian and his wife are from the States. He took out Canadian citizenship years ago. They’ve lived and worked in Canada for decades. They have no U.S. income or assets. They are 100-per-cent tax compliant – in Canada. “Forget about it,” I advised. “What could they possibly do to...
  • Americans are angry with us for polluting their language

    02/07/2011 5:08:46 AM PST · by NCjim · 138 replies
    The Telegraph ^ | February 7, 2011 | Kath Hinton
    After mangling our language for years, Americans are complaining about the invasion of traditional British lingo, says Kath Hinton. New Yorkers always fall for a nice English accent: whenever my well-spoken sister-in-law visits, they trill at her flowing diction and faultless vowels. Coming from Liverpool, I have a trickier time. In fact, I stopped ordering butter after three waiters in one smart restaurant failed to grasp my pronunciation. "Bootta! Bootta!" I pleaded, while my American friends wept with joy at my embarrassment. Now, however, it is the words we Anglo-Saxons use, not how we say them, that is causing a...
  • Ex-Pat Freepers Living Overseas

    07/17/2010 2:51:38 PM PDT · by STD · 96 replies
    self ^ | 7/17/10 | self
    Ex-Pat FReepers, Please sound off about what you like and dislike about living overseas. I'm retired and need to stretch my retirement dollar. Let me know why you would come back to the USA also.Need a fourth for bridge? I might just become your neighbor and friend. Who knows? Thank You for your kind responses.DrMike
  • 5 Places to Retire On Social Security Alone

    06/19/2010 7:39:53 AM PDT · by BenLurkin · 142 replies · 2,795+ views
    yahoo ^ | Friday, June 18, 2010 | Kathleen Peddicord
    The average Social Security check is about $1,200. You can receive that payment while living anywhere in the world. In some countries, you can even have your Social Security check direct-deposited into your local bank account. Here are five places where you could retire on your Social Security income alone. Boquete, Panama. Panama offers super user-friendly options for foreign residency. Resident retirees receive a long list of benefits including discounts on everything from prescription medicines and in-country air travel to closing costs on the purchase of real estate. Granada, Nicaragua. Granada is ... home to a welcoming community of expat...
  • More American Expatriates Give Up Citizenship

    04/25/2010 4:28:23 PM PDT · by balls · 41 replies · 1,947+ views
    NYT ^ | April 25, 2010 | BRIAN KNOWLTON
    More American Expatriates Give Up Citizenship By BRIAN KNOWLTON Published: April 25, 2010 Sign in to Recommend Twitter Sign In to E-Mail Print Reprints Share Close LinkedinDiggFacebookMixxMySpaceYahoo! BuzzPermalink WASHINGTON — Amid mounting frustration over taxation and banking problems, small but growing numbers of overseas Americans are taking the weighty step of renouncing their citizenship. “What we have seen is a substantial change in mentality among the overseas community in the past two years,” said Jackie Bugnion, director of American Citizens Abroad, an advocacy group based in Geneva. “Before, no one would dare mention to other Americans that they were even...