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Tax crackdown on American expats prompts new rush to renounce citizenship

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Figures from the US Treasury showed that, in the first three months of the year, 1,335 expats renounced their citizenship, beating the previous record of 1,130 in the second quarter in 2013. The main driver of these renunciations, as reported previously in relocatemagazine.com, has been implementation of the Foreign Account…

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