A record 1,426 Americans renounced their U.S. citizenship in the third quarter, according to CNN. That brings the total number of renunciations this year up to 3,221, well ahead of 2014’s pace, which saw 3,415 total renunciations, the current record. The increase number giving up their passports (15 times greater than in 2008) is attributed, by some, to the U.S. tax burden placed on citizens living abroad, including ramifications from the recently enacted Foreign Account Tax Compliance Act and foreign bank account reporting requirements. Those requirements on foreign banks to report activity of U.S. citizens living abroad means some foreign financial institutions have started to deny service to American expats.

Are Index Funds Too Popular?

The Daily Brief

http://wealthmanagement.com/blog/are-index-funds-too-popular/
------------------------------------------
Is It Time To Renounce U.S. Citizenship While You Still Can?

Zero Hedge

http://www.zerohedge.com/news/2015-11-11/it- time-renounce-us-citizenship-while-you-still-can/

TIME TO RENOUNCE YOUR US CITIZENSHIP?: http://youtu.be/tgefxSs_9Go/