Financial Transparency Coalition

Wealth Bulletin is carrying a fascinating story today about the growing number of wealthy US tax-evaders that are surrendering their passports and renouncing their citizenship in the wake of the recent US crackdown on tax evasion:

Private client lawyers and relocation specialists are reporting a surge in wealthy Americans living abroad who are prepared to give up their citizenship to avoid the scrutiny of US tax authorities.

Although such a move means they have to pay an exit tax, lawyers say this is a price people have become more willing to pay...