WASHINGTON - The number of Americans renouncing US citizenship surged sixfold in the second quarter from a year earlier as the government prepares to introduce tougher asset-disclosure rules.
Expatriates giving up their nationality at US embassies climbed to 1,131 in the three months through June from 189 in the same period last year, according to figures published on Thursday in the Federal Register. That brought the first-half total to 1,810 compared with 235 for all of 2008.
The United States, the only Organisation for Economic Cooperation and Development member that taxes citizens wherever they reside, is searching for tax cheats in offshore centres, including Switzerland, as the government tries to curb the budget deficit.
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