The words “exit tax” should not be included in any discussion of RBT that includes existing #Americansabroad and what non-US assets they have. People should not have to buy their freedom.
— John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) May 23, 2021
The United States imposes a separate and more punitive tax regime on US citizens who live outside the United States than on those who live inside the United States. For those who live permanently outside the United States, the effects are such that they are forced to renounce their US citizenship in order to survive.
To be clear Americans abroad are subject to US taxation. They do pay US taxes.
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