• Chart: Record Numbers Renouncing Their U.S. Citizenship | Statista

According to recently released data, the number of Americans renouncing their citizenship has reached a record level. Bambridge Accountants, a New York based tax firm, stated that 5,816 people relinquished their citizenship in the first six months of 2020 compared to 2,072 who gave it up throughout the whole of 2019. The process involves paying a $2,350 government fee and expatriates have to present themselves in person at the U.S. embassy in their country of residence. Under IRS rules, the government publishes the names of all Americans who have given up their citizenship on a quarterly basis.

• Chart: Record Numbers Renouncing Their U.S. Citizenship | Statista