Greenback Expat Trends Survey Results

Greenback Expat Tax Services have conducted their annual Expat Trends Survey. The American was pleased to partner with Greenback on this year's survey, which recorded the views of more than 3,200 US expats across 122 countries. Thank you to all of you who took part! You can look out for information about next year's survey by signing up for our free newsletter here.

The results are now available. They show that overseas Americans are grappling with unique challenges, including tax complexities, perceived governmental hostility, and political concerns.

Key findings include:

• Renouncing US Citizenship: 20% of US Expats surveyed are seriously considering or planning to renounce their US citizenship soon. An additional 42% wouldn’t rule out such a move in the future.
• Government Representation: Over 80% of US expats feel their concerns are less likely to be addressed by the US government than those of Americans living stateside.
• US Expat Taxes: 69% of expats don’t believe they should be required to file US taxes while living abroad , although 64% of expats are confident about meeting their US tax filing obligations.
• Awareness of IRS Streamlined Filing Procedures: The survey found that 32% of US expats had not heard of these procedures aimed at helping expats achieve tax compliance.
• Foreign Banking Laws (FATCA & FBAR): 10% of expats struggle to secure banking services due to FATCA requirements, and 5% were unfamiliar with FBAR reporting rules.
• Returning to the US: Only 11% of expats abroad plan to return to the US permanently.
• COVID-19: In the aftermath of the COVID-19 pandemic, 43% of expats expect to work remotely full-time or adopt a hybrid model.

You can see more details about the results here

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