The US Leads All Other Countries In Citizen Defection

WE’RE NUMBER ONE!  WE’RE NUMBER ONE!A record 1,335 people were listed as renouncing their US citizenship in the latest quarterly disclosure from the Treasury Department, released on Thursday.  The new figure puts 2015 on pace to exceed the total of  3,415 renunciations in 2014, which was itself a record. That was up 14% from 2,999 individuals in 2013, the previous record.That makes the US the #1 country in the world in terms of citizens giving up their citizenship.  No other country comes close and certainly not for the same reasons.  The closest is Singapore, which averages about 1,200 renunciations per year.  But, the grand majority of Singapore renunciations are due to its disallowance of dual-citizenship.  So, if a Singaporean citizen wishes to move and become a citizen of another country they have to, by law, renounce their citizenship.

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Source: The US Leads All Other Countries In Citizen Defection