More Renounce US Citizenship but Deny Stereotype

“Renouncers — whose ranks have swelled more than five-fold from a decade ago — often contradict the stereotype of the financial scoundrel. Many are from very ordinary economic circumstances.  Some call themselves ‘accidental Americans,’ who recall little of life in the U.S., but long ago happened to be born in it. In recent years, federal officials have stepped up pursuit of potential tax evaders, using the Foreign Account Tax Compliance Act. Those trying to comply complain of costly fees for accountants and lawyers, having to report the income of non-American spouses, and decisions by some European banks to close accounts of U.S. citizens or deny them loans.”

http://abcnews.go.com/US/wireStory/renounce-us-citizenship-deny-stereotype-23483402?singlePage=true

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