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Posted: 12 May 2012 | 2:13 pm
More and more Americans are changing citizenship and taking up residency overseas according to media source Bloomberg.
It's no longer a case of Coming To America, but wealthy residents are increasingly renouncing their USA roots at diplomatic missions abroad.
Based on the news story the figure rose last year to 1,780 expats, which is in increase from 235 back in 2008.
Reportedly one of the key drivers of the trend was the high profile UBS release of information to the Internal Revenue Service (IRS), coupled with growing pressure on overseas tax haven.
Looks like the both wealthy French and the Americans have their ears up on growing tax concerns.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
While John Hardy and his Ubud Green School and Green Village have been at the groundswell of sustainable building materials, the area has sprouted other pioneering initiatives.
While we hope for the best that Phuket's new airport expansion will have some green focus, it's encouraging to view Singapore's Changi as setting a global standard.
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