DeVere: 1.5 Million Americans in Asia May Renounce Citizenship Over FATCA

More than 1.5 million U.S. citizens living in East Asia are now facing a “gut-wrenching decision” of renouncing their U.S. citizenship due to the Foreign Account Tax Compliance Act (FATCA), America’s highly controversial global tax law, a new survey has found.

The poll, carried out by deVere Group, one of the world’s largest independent organizations, and its Hong Kong division, Acuma, also discovered that more than half of Americans living in East Asia now have problems accessing normal banking services due to FATCA. The poll also found that 38 percent also have experienced people and/or organizations not wanting to conduct business with and/or employ them thanks to the tax law.

More than 2,500 Americans resident in the East Asian powerhouse cities of Shanghai, Beijing, Hong Kong and Tokyo took part in the research.

FATCA “has been a hammer blow to the 8 million Americans overseas since it was implemented in 2014,”



Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!