Tag Archive for American expatriates

13 Reasons Why I Committed Citizide

In a recent submission to Senator Hatch, I argued that what the United States thinks of as “citizenship-based taxation”, is actually a system where the United States imposes U.S. taxation on the residents and citizens of other countries. That submission included:

On August 2, 2017 posts at the Isaac Brock Society and numerous other sources, reported that that there were 1759 expatriates reported in the second quarter report in the Federal Register. The number of people renouncing U.S. citizenship continues to grow. Read More

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IRS Releases More Details On Passport Revocation Rule

Previously, we discussed a newly-enacted Code Section 7345 of the Internal Revenue Code, which authorizes the denial, revocation, or limiting of a delinquent taxpayer’s U.S. passport. We noted then that the statutory language contained in the new law offers few details about how exactly the penalty will be administered and to what extent exceptions would apply.

After more than a year-long delay, the IRS finally provided a number of important additional details relating to the passport revocation rule on its website. Read More

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Citizen Based Taxation—What You Need To Know

Expats are America’s global front-line ambassadors. Everyday, their actions and attitudes help shape others’ perceptions of the U.S. and Americans.

They are also the 21st century pioneers, forging opportunities and lives away from our shores and in the wider world.

However far from the U.S. they venture though, they remain in the strange situation of having to file taxes twice, in the country where they live, as well as to the U.S. This is because the U.S. operates a citizenship based taxation system.

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The Exit Tax Is A Perfectly Bad Idea

This post is based on (but is NOT identical to) a July 17, 2017 submission in response to Senator Hatch’s request for Feedback on Tax Reform.

Why is the United States imposing an “Exit Tax” on their “non-U.S. pensions” and “non-U.S. assets”? After all, these were earned or accumulated AFTER the person moved from the United States?”

Part A – Why certain aspects of the Exit Tax should be repealed Read More

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Best Destination Countries For Digital Nomads To Minimize Tax

Americans move abroad for lots of different reasons, perhaps on a job posting, for a better quality of life, or to explore other cultures. Paying less tax is another factor that often influences their choice of destination.

Americans still have to file U.S. taxes on their worldwide income wherever in the world they live, and they may also find themselves paying tax in the country that they move to. Read More

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Tax Filing For American Freelancers Living Abroad

Millions of Americans living abroad are working as freelancers. Some work mainly for one or more American firms, others freelance for foreign firms or provide services directly to small firms or individuals. Many are settled permanently in one foreign country, others are intending to return to the U.S. after a few years, or they may be Digital Nomads, roaming between Wi-Fi hotspots in different countries providing freelance services online. Read More

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American Expatriates In London – Tax Info You Need

Hugo Lesser

American expats living in London find themselves in the unenviable position of having to file both U.S. taxes as a U.S. citizen, and UK taxes as a UK resident, on their worldwide income.American expats living in London find themselves in the unenviable position of having to file both U.S. taxes as a U.S. citizen, and UK taxes as a UK resident, on their worldwide income.

To complicate things further, the UK tax year runs from April 6th to April 5th, rather than being the calendar year. Read More

Written by | Posted in International