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Americans Ditch Citizenship In Record Numbers Amid Pandemic

February 7th, 2021
Categories: News

Link: https://www.zerohedge.com/personal-finance/americans-ditch-citizenship-record-numbers-amid-pandemic

Americans urgently rushed to their embassies to renounce their citizenship last year amid the virus pandemic, social unrest, economic crash, and political firestorms. Americans Overseas said a record 6,705 Americans gave up their citizenship in 2020, a 260% increase from 2019 when 2,577 renounced their citizenship. Even with consulates closed in the early part of the year because of the virus pandemic, renunciations still managed to nearly triple over the prior year. Before 2020, the highest year on record was 5,411 cases in 2016, ahead of former President Trump winning the 2016 presidential elections.

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