2015-10-26
Today 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 third quarter of 2015.
The number of published expatriates for the quarter was 1,426. This is the highest quarterly number of published expatriates ever, surpassing the previous record of 1,335 that was set earlier this year (Q1 2015). The number of published expatriates for the first three quarters of 2015 has been 3,221 (1,335 + 460 + 1,426).
Last year, there was a record-setting 3,415 published expatriates. Only an additional 195 published expatriates in the fourth quarter would be required for a new record to be set. If a new record is set, this would be the third consecutive year with a year over year increase. For a discussion of how the IRS compiles the data, see this post.
We continue to believe that the IRS is likely missing a significant number of names from its quarterly publication of expatriates. During the third quarter of 2015, the FBI has added 1,558 individuals who renounced their U.S. citizenship to the NICS index.
Below are two graphs which reflect the latest IRS expatriation data. The first graph shows the quarterly number of published expatriates since 2008. The second graph shows the quarterly average of published expatriates per year through the third quarter of 2015.
For our prior coverage of expatriation, see all posts tagged Expatriation.
