Forbes: “73% of Americans abroad are tempted to give up their U.S. passports, reveals a new survey by deVere Group, an independent financial advisory organization. There are an estimated 7.6 million Americans living overseas. At 73%, that’s approximately 5,548,000 Americans weighing handing in U.S. passports. If all those considering renouncing followed through, it would be the biggest spike ever in renunciations. Already, Federal Register data reveals renunciations spiked by 39% shortly after FATCA—the Foreign Account Tax Compliance Act—came into effect. FATCA is the culprit, says the survey, which is based on 400 expatriates.”