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Wealthy Asians dash to ditch US passports

A fast-rising number of Americans based in the region are disposing of their US citizenship, citing the increasing difficulty of managing their financial affairs due to growing regulatory demands.
Wealthy Asians dash to ditch US passports
Increasing US government scrutiny of the tax affairs of American citizens abroad has led to a jump in the number of individuals looking to ditch their citizenship. So high is the demand that US law firm Butler Snow has been receiving at least a call on a day seeking information on expatriation and seeing record numbers proceeding to give up their US passport. “[Our clients] are saying that it’s too difficult to manage their financial affairs as an American abroad,” said Brad Wes…
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