According to the latest data from the Treasury Department, spotted by Andrew Mitchel at the International Tax Blog, a record 3,415 Americans renounced their citizenship in 2014. That was up from the 2,999 in 2013 and more than triple the number for 2012.

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You can read the list of individuals who renounced here.

While some may see taxes as the main reason to flee, that's only part of the story. The big policy change that's causing people to give up their American citizenship is FATCA, the Foreign Account Tax Compliance Act.