“68% of the U.S. citizens we surveyed report that they are interested in severing ties with America. A shocking figure? Indeed. It is also supported by official statistics of passport relinquishments. The number of Americans relinquishing their U.S. citizenship surged in the second quarter of 2013, to 1,131 cases, compared with 189 in the same period in 2012.  But it is perhaps not as shocking when you consider that it was U.S. citizens living overseas who were the respondents in deVere’s survey — and that it is the estimated 7.2 million American expatriates and 13 million green-card holders who are the ones who are soon to suffer the serious, adverse effects of the Foreign Account Tax Compliance Act.”

http://www.americanbanker.com/magazine/124_04/bankthink-surrendering-us-citizenship-over-new-banking-regulation-1066813-1.html

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