What are the reasons why 58 16 people gave up American citizenship in the first half of the year?

Alistair bainbridge, a partner of new york bainbridge Certified Public Accountants, believes that from their experience, more and more American expatriates give up their nationality because the current epidemic has given them time to re-examine their relationship with the United States, and the current political climate and annual tax returns in the United States are unbearable.

It is reported that in the past few years, the number of people who lost American citizenship has been declining, while in the first six months of 2020, the number of people who gave up American citizenship has increased significantly. According to the regulations of the IRS, the government publishes the names of all Americans who give up their citizenship every three months. In the first six months of this year, 58 16 Americans gave up their nationality, far exceeding the total of four quarters in 20 19 (2072).

Extended data

American citizenship is different from American green card.

As for American citizenship, it is often mistaken for the same as American permanent residency (commonly known as American green card). In fact, American permanent residency and American citizenship are two different concepts. To apply for American citizenship (except those who automatically acquire American citizenship according to the principle of birth and descent), you must first apply to USCIS, an immigration agency, and legally obtain permanent residency. Then you can apply for naturalization and obtain American citizenship after approval.

The American permanent resident card, also known as the green card, is an identity card used to prove that foreigners have the status of permanent residents in the United States of America. "Getting a green card" refers to the immigration process of becoming a permanent resident. The legal permanent residency of green card holders is an official immigration benefit, including conditional permission to stay in the United States and get a job. The holder must maintain his permanent resident status, and if he no longer meets certain conditions required by the status, the holder may lose his status.

World Wide Web-US media: In the first half of 2020, 58 16 Americans gave up American citizenship, reaching a record level.

Baidu Encyclopedia-American Nationality