More American Expatriates Give Up Citizenship

[katherine]

More American Expatriates Give Up Citizenship
By BRIAN KNOWLTON
Published: April 25, 2010

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 thinking of renouncing their U.S. nationality. Now, it is an openly discussed issue.”

http://www.nytimes.com/2010/04/26/us/26expat.html

[kenthailand]

Those with higher income gap chooses to pay less tax ultimately ends up with different nationality or even having business in tax exempt countries.