Record numbers of Americans are renouncing their citizenship according to numbers reported by a New York accountancy firm.
Bambridge Accountants reports that 5,816 people gave up US citizenship in the first half of 2020 — a 1,210 per cent increase on the previous six months in which only 444 cases were recorded.
The first two quarters of 2020 also rank as having the first and second highest numbers on record at 2,909 and 2,907 respectively.
In the whole of 2019, a total of only 2,072 Americans gave up their citizenship.
Bambridge specialises in preparing and filing taxes for US and UK expats, particularly those in creative fields such as acting.
The firm cites the pandemic as a motivating factor for US expats to cut ties and avoid the current political climate and onerous tax reporting.
Alistair Bambridge, a partner at the firm, told CNN: “These are mainly people who already left the US and just decided they’ve had enough of everything.”
There are approximately 9 million Americans living outside of the US.