Record Number of Expatriate Americans Have Renounced US Citizenship in 2020 – Report

Record Number of Expatriate Americans Have Renounced US Citizenship in 2020 – Report

According to a firm that handles US expatriate affairs, 2020 is shaping up to be a record year for Americans renouncing their US citizenship, going by data from the year’s first nine months. The news is all the more notable, since US consulates have truncated their affairs since March when the COVID-19 pandemic went global.

Bambridge Accountants of New York said in a Wednesday report that 6,045 now-former Americans had given up their US citizenship in the first nine months of 2020 – a 234% increase over the same period last year and already more than all of 2019, during which just 2.072 Americans renounced their citizenship.