IREF - Institute for Research in Economic and Fiscal issues
Fiscal competition and economic freedom
1,130: here is the number of Americans who gave up their citizenship and left the US territory. Taxation made them leave.
Who said the US was a tax haven? It is true that tax pressure on individuals and companies is much lighter than in France. Furthermore there is a real tax competition between the States. Yet, it is not sufficient.
Many American taxpayers left because of Obama’s policy and tax increases. Thus, in Q2 of this year, 1130 US taxpayers gave up their citizenship because of taxation.
It is twice as much as the whole year 2012, and ten times more than in 2007, one year before Obama’s election.