Number of U.S. expatriations reaches record high in 2013


CNBC
November 14, 2013

Singapore, shown here, is the top destination for U.S. expats.  Credit: edwin.11 via Flickr

Singapore, shown here, is the top destination for U.S. expats. Credit: edwin.11 via Flickr


Apparently for some U.S. citizens it’s true—you can’t go home again!

The Treasury Department published the names of 560 Americans who renounced their citizenship or are long-term residents who gave back their green cards during the third quarter of 2013, The Wall Street Journal reported.

According to tax lawyer Andrew Mitchel who tracks the data, these expatriations reached a record high of 2,369 for the year. The prior highest number of published expatriates was in 2011, said Mitchel.

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