Originally Posted by
yandosan
FATCA is the primary reason people are fleeing, right?
Fleeing? Most of them seem to have been residing outside of of the US for much, most or even all of their life. FATCA is definitely some part of the picture, but so are the increasingly rising costs: of dealing with the US Treasury/IRS; arising from UST/IRS rules; of otherwise engaging with the USG as a US citizen; and/or of otherwise engaging in business outside of the US if perceived as a US citizen.