When it comes to passport desirability, the United States of America finds itself tied for 35th with Slovenia, both having visa-free travel to 174 nations.
The U.S. earned low marks because of its taxation stance toward nonresidents and the world’s perception of America. This last measure was assigned a value based on how a country and its citizens are received around the world, as in when its passport holders are refused entry or “encounter substantial hostility.”
Last year, more than 5,400 people renounced their American citizenship, setting a new annual record amid a 26 percent increase from 2015, according to a law firm report. Among other things, the escalation of offshore penalties over the last 20 years is likely contributing to this increased incidence of U.S. expatriation.
Atop the list is Sweden, followed by a bevy of other European Union nations.
A Swedish passport allows visa-free travel to 176 countries or territories, just one fewer than world leader Germany. Moreover, Swedish expats can easily “get out of the high taxes in Sweden and go live somewhere else where there are lower taxes without a lot of headaches".
Read more here.
The U.S. earned low marks because of its taxation stance toward nonresidents and the world’s perception of America. This last measure was assigned a value based on how a country and its citizens are received around the world, as in when its passport holders are refused entry or “encounter substantial hostility.”
Last year, more than 5,400 people renounced their American citizenship, setting a new annual record amid a 26 percent increase from 2015, according to a law firm report. Among other things, the escalation of offshore penalties over the last 20 years is likely contributing to this increased incidence of U.S. expatriation.
Atop the list is Sweden, followed by a bevy of other European Union nations.
A Swedish passport allows visa-free travel to 176 countries or territories, just one fewer than world leader Germany. Moreover, Swedish expats can easily “get out of the high taxes in Sweden and go live somewhere else where there are lower taxes without a lot of headaches".
Read more here.
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