Overseas Americans continue to give up citizenship as banks refuse to deal with US tax returns

Overseas Americans continue to give up citizenship as banks refuse to deal with US tax returns

Thousands of Americans living overseas continue to give up their citizenship as foreign banks turn them away over the burden of completing increasingly expensive and complicated tax returns required by a controversial new tax law.

More than 1,500 Americans have renounced their citizenship in so far 2014, the Guardian reports.

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