A record 6,045 Americans renounced their citizenship in 2020 - a 234% rise from last year

A record of more than 6,000 Americans renounced their citizenship in the first nine months of the year, according to a new report.

As of October, 6,045 Americans paid the $2,350 expatriation fee to the federal government, forever giving up their right to travel freely and live in the United States.

The 2020 figure represents a 234 per cent increase compared to the first nine months of last year, according to Bambridge Accountants.