Buying citizenship: Which nations are affordable?
http://www.cnbc.com/id/101198433
St. Kitts is looking like a pretty good deal right now .
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http://finance.yahoo.com/news/more-taxpayers-abandoning-u-181500097.html
"This year will set a record for expatriations by U.S. taxpayers, with at least a 33% increase from the previous high in 2011."
"...560 people who either were U.S. citizens renouncing their citizenship or long-term residents who turned in their green cards during the third quarter."
"That brings the total so far this year to 2,369..."
I read the article, yet I do not believe I would be better off on Antigua or anywhere else in the Caribbean. I lived and worked on Antigua Auxiliary Airfield for over a year, and let me tell you that it was no picnic. Antigua is a third world nation with high crime and overpopulation. They also hate white people.
Most of the Caribbean basin is in the same boat. The islands are grossly overpopulated and cannot "carry" their populations without significant external support on nearly every level. A few years back I took my family on a 10 day break to Barbados at Christmas time. The island was beautiful and the weather was perfect, but again, if the external flow of goods and money ever stops it will be lord of the flies time.
The only island I have been to that could possibly support [carrying capacity] their population is maybe Trinidad and Tobago. Even there, the population density is heavy and they have no particular love of white Europeans. Remember, most of these nations are only two generations away from colony status so there are deep seated feelings that have not mellowed out yet.
The grass is always greener on the other side of the fence, and for those thinking about expatriating, I would put a hell of a lot of thought in to it before you go. Will the local population take exception to a foreigner in their midst? Will you be taking a job away from a local? Do you have enough money to be self sufficient?
I have traveled to a great number of countries in my life and I have lived on three continents. I will say with absolute certainty that the time to leave was twenty five years ago. The attitude of the world has changed in fundamental ways since the days of Reagan, and not in a good way. The world now has a poor view of Americans that will be hard to shake. The hitch hiking I did across Europe in 1985 would not be possible today. Camping out in the Spanish countryside would not be possible today, or at least not nearly as safe as it once was. You can no longer walk safely through the souks in Egypt without an automatic weapon.
I think I will have to stay here and ride this one out. Maybe Little Ancona will find it easier sometime in the future.
... the number of Americans relinquishing their citizenship jumped 47 percent in the first quarter.
Expatriates giving up their nationality climbed to 1,001 in the three months through March from 679 a year earlier, according to Federal Register figures released May 2. The number tripled to 3,000 in 2013 from the previous year, Internal Revenue Service data shows.
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... the number of published expatriates for 4Q 2016 was 2,365, bringing the total number for 2016 to 5,411, setting a new all-time quarterly and annual record. By comparison, the number of expatriates for 2016 reflects a 26% increase over 2015 and a 58% increase over 2014 (3,415).
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mam, I sooo agree with you. Bought land in Pagadian City 15-20 years ago (can't remember when we bought it) but we are surrounded by families land, still it has gotten so bad there we don't even have an illusion of living there. The last time we were there the rest of my family was going up into the mountains to Bayog where Bing and I went on our "honeymoon" 20 years ago, and Bing stopped me and said "you can't go". When I asked her why, she was very frank "they'll kill you". We'll be riding it our here, I'm sure. We've gone back and forth to the Philippines for a while now, and each trip is more difficult and more expensive (from 600 dollar round trip ticket to 1700 round trip). And the thing is, if my child was starving, I'm sure I'd feel the same way.
NEW YORK, Aug. 6, 2020 /PRNewswire/ -- Americans are continuing to renounce their citizenship at the highest levels on record, according to research by the Enrolled Agents and accountants Bambridge Accountants New York.
Record levels of US citizens renouncing
- 5,816 Americans gave up their citizenship in the first six months of 2020
- Showing a 1,210% increase on the prior six months to December 2019, where only 444 cases were recorded
- 2,072 Americans gave up their citizenship in 2019 in total
- This is the second highest quarter on record; the record is 2,909 cases for the first quarter of 2020
- It seems that the pandemic has motivated U.S. expats to cut ties and avoid the current political climate and onerous tax reporting
Americans must pay a $2,350 government fee to renounce their citizenship, and those based overseas must do so in person at the U.S. Embassy in their country.
There are an estimated 9 million U.S. expats. The trend has been that there has been a steep decline over the last few years of U.S. citizens expatriating - the first six months of 2020 is a huge increase in the number of Americans renouncing their citizenship.
Under the IRS rules (section 6039g), every three months the U.S. Government publishes the names of all Americans who give up their citizenship. The first six months for 2020 had 5,816 Americans renouncing their citizenship, far more than the total of the four quarters for 2019 (2,072 Americans renounced).
Alistair Bambridge, partner at Bambridge Accountants New York, explains: "There has been a huge turnaround during coronavirus of U.S. expats renouncing, where the figures have been in steep decline since 2017.
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In fact, most Americans giving up their U.S. passport already live abroad and hold another citizenship. In surveys and testimonials, these people say they're dropping their U.S. citizenship because American anti-money laundering and counter-terrorism regulations make it too onerous and expensive to keep.
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Makes this report a bit curious:5,816 Americans gave up their citizenship in the first six months of 2020
... a whopping 6,705 gave up their citizenship and passport in 2020. ...
They left out the word "relative".Out of 330 million thats an incredibly small number
kinda 1 in 55,000
Every time I see one of these articles about the flood of US Citizens renouncing their citizenship, I cant help wondering wtf they are on about ........
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