Earlier this month the Treasury Department published the names of certain individuals who renounced their U.S. citizenship or terminated their long-term U.S. residency (“expatriated”) during the second quarter of 2011.
Only expatriated individuals subject to Code §877 or Code §877A are listed in the Federal Register. In general, this only includes expatriated individuals that have a net worth of at least $2,000,000 or that have an average annual U.S. income tax of more than $147,000. For convenience, the expatriated individuals who have had their names published in the Federal Register are referred to as “Published Expatriates.”
The number of Published Expatriates for the second quarter of 2011 was 519. This is the second highest number of quarterly Published Expatriates during the past seven years. The only higher quarter during this time was the second quarter of 2010, with 560 Published Expatriates.
If current trends continue, the number of Published Expatriates for 2011 will exceed 2010 by 30% or more. The following graph shows the quarterly average number of Published Expatriates since 2004.
The following graph shows the raw quarterly data of Published Expatriates since 2004.
The names of the Published Expatriates for the most recent quarter can be found here (see pages 312 to 319 of the PDF file).