Why are Americans giving up their citizenship at record numbers?
#46
Just Joined
Joined: Dec 2016
Posts: 17
Re: Why are Americans giving up their citizenship at record numbers?
I think the article is misleading. It seems like every year this report gets issued, but when you dig in to the govt source it seems to include LPR within the numbers. So it is less of a story if LPR's decided to move home or leave the USA. Here is the link form the source....https://www.federalregister.gov/docu...-section-6039g
. "This listing contains the name of each individual losing United States citizenship (within the meaning of section 877(a) or 877A) with respect to whom the Secretary received information during the quarter ending March 31, 2020. For purposes of this listing, long-term residents, as defined in section 877(e)(2), are treated as if they were citizens of the United States who lost citizenship."
. "This listing contains the name of each individual losing United States citizenship (within the meaning of section 877(a) or 877A) with respect to whom the Secretary received information during the quarter ending March 31, 2020. For purposes of this listing, long-term residents, as defined in section 877(e)(2), are treated as if they were citizens of the United States who lost citizenship."
#47
Forum Regular
Joined: Jul 2018
Location: California
Posts: 254
Re: Why are Americans giving up their citizenship at record numbers?
"Now, lawsuits filed on both sides of the Atlantic are seeking to redress the situation. On Tuesday organizations representing Americans in Europe filed complaints against Luxembourg and Belgium’s governments, demanding they immediately stop transferring European citizens’ personal banking information to the U.S.—something they say violates strict European and national privacy laws. The complaints are a prelude to formal lawsuits in the courts.
Zell sued the State Department in early December, on behalf of 20 accidental Americans whose lives have been upturned by FATCA. Other legal challenges say it might be in violation of the European Union’s data-protection laws, and perhaps also a violation of the U.S. constitution.
With a new U.S. administration about to take office, lawyers and pressure groups who have spent years battling FATCA’s fallout say they might finally have a chance to force some changes to the law, which they say are increasingly urgent."
https://time.com/5922972/accidental-...t_rid=21554125
Zell sued the State Department in early December, on behalf of 20 accidental Americans whose lives have been upturned by FATCA. Other legal challenges say it might be in violation of the European Union’s data-protection laws, and perhaps also a violation of the U.S. constitution.
With a new U.S. administration about to take office, lawyers and pressure groups who have spent years battling FATCA’s fallout say they might finally have a chance to force some changes to the law, which they say are increasingly urgent."
https://time.com/5922972/accidental-...t_rid=21554125