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More US wealthy opt to surrender their citizenship

21 August 2009
More US wealthy opt to surrender their citizenship 17 August 2009 - David Bain As offshore havens comply with transparency demands, a growing number of ultra-wealthy Americans are handing back their passports. Private client lawyers and relocation specialists are reporting a surge in wealthy Americans living abroad who are prepared to give up their citizenship to avoid the scrutiny of US tax authorities. Although such a move means they have to pay an exit tax, lawyers say this is a (...)


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