More Taxpayers Are Abandoning the U.S.

“This year will set a record for expatriations by U.S. taxpayers, with at least a 33% increase from the previous high in 2011.  The Treasury Department published the names of 560 people who either were U.S. citizens renouncing their citizenship or long-term residents who turned in their green cards during the third quarter.  That brings the total so far this year to 2,369, according to Andrew Mitchel, a tax lawyer in Centerbrook, Conn., who tracks the data. For all of 2011, the number of published expatriates was 1,781, he said.  Taxpayers who expatriate aren’t required to give a reason, but experts said the overall increase was likely because of tougher enforcement of U.S. tax laws.”

http://online.wsj.com/news/articles/SB10001424052702304243904579195923107439130

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