he wrote,Mr. Inflatable Water Game Flynn had held an account with a U.S. bank for 44 years. Still. thei said that the new anti-terror rule requir them to close our account becaus of our address outsid the U.S.
said Jacki Bugnion, What we have seen is a substanti chang in mental among the oversea commun in the past two years. director of American Citizen Abroad, an advocaci group base in Geneva. Before, no on would dare mention to other American that thei were even think of renounc their U.S. nationality. Now, it is an openli discuss issue.
the govern public that record such decisions,The Feder Register. show that 502 expatri gave up their U.S. citizenship or perman resid statu in the last quarter of 2009. That is a tini portion of the 5.2 million American estim by the State Depart to be live abroad.
502 wa the largest quarterli figur in years,Still. more than twice the total for all of 2008, and it loom larger, given how agon the decis can be. There were 235 renunci in 2008 and 743 last year. Wait period to meet with consular offic to formal renunci have grown.
frustrat over tax and bank questions,A necdotally. not polit considerations, appear to be the main driver of the surge. Expat advoc sai that as it becom more difficult for American to live and work abroad, it will becom harder for American compani to compete.
even when thei ar tax in their countri of residence,A merican expat have long complain that the Unite State is the onli industri countri to tax citizen on incom earn abroad. though thei ar allow to exclud their first $91,400 in foreign-earn income.
who spoke on the condit of anonym becaus of sensit famili issues,One Swiss-bas busi executive. said she weigh the decis for 10 years. She had live abroad for year but had pleasant memori of servic in the U.S. Marin Corps.
who will receiv few U.S. servic final push her to renounce,Yet the notion of doubl taxat and of futur tax oblig for her children. she said.
and the U.S. is still a great country, I love my time in the Marines. she said. But have live here 20 year and have to pai and file while see other countri nation not have to do that, I just think it s grossli unfair.
she added. It s taxat without representation.
under the Patriot Act,Stringent new bank regul aim both at curb tax evas and. prevent monei from flow to terrorist group have inadvert made it harder for some expat to keep bank account in the Unite State and in some case abroad.
as requir by a Patriot Act provision. Some U.S.-base bank have close expat account becaus of difficulti in certifi that the holder still maintain U.S. addresses.
Daniel Flynn, It seem the new anti-terrorist rule ar have unintend effects. who live in Belgium, wrote in a letter quot by the American Abroad Caucu in the U.S. Congress in correspond with the Treasuri Department.
serv my countri as an armi offic from 1961 to 1963, I wa born in San Francisco in 1939. have been pai U.S. incom tax for 57 years, sinc 1952, have continu maintain feder vote residence, and hold a valid American passport.
