FATCA prompting US expats to question citizenship - deVere poll

A poll of 414 of global advisory group deVere's clients recorded 68% answering they had ‘actively considered', ‘are thinking about' or ‘have explored the options of' renouncing their citizenship. Fewer than one in five (17%) said they would not consider relinquishing it, while 15% ‘did not know'. FATCA targets tax non-compliance by US taxpayers - both corporate and individual - with foreign accounts. It has been estimated the US Treasury loses as much as $100bn annually to offshore tax non-compliance. Nigel Green, deVere Group founder and chief executive, said: "It is our experienc...