Last week the Treasury Department published the names of individuals who renounced their U.S. citizenship or terminated their long-term U.S. residency (“expatriated”) during the second quarter of 2020.
The number of published expatriates for the quarter was 2,406, which is the second highest quarterly number ever, with the first quarter of this year being the highest quarter ever. Therefore, 2020 is currently on track to have the highest number of published expatriates ever.
See the chart below for the quarterly expatriates from 2010 to the second quarter of 2020.
So far this year the total number of published expatriates has been 5,315. Annualized, this would put the number at over 10,000 for 2020. As can be seen from the graph below, the highest number for any full year was 5,411 in 2016. The sum of the first two quarters for 2020 exceeds the total annual numbers for every year except for 2016.
For our prior coverage of expatriation, see all posts tagged Expatriation.