With the USA set to choose who will be its President for the next four years today, new figures published by the US internal Revenue Service (IRS) show a record 6,045 Americans gave up their citizenship in the first nine months of 2020.

This is a 234 percent increase on the first nine months in 2019, where only 1,811 cases were recorded and only 2,072 Americans gave up their citizenship in 2019 in total.

2020 is the highest year on record. The previous record was 5,411 cases in 2016. Already in 2020, with three months still to report, 6,045 is the record number of cases in a year.

The renunciation process sees...