[There are currently an estimated 5.2 million Americans living outside the United States. The US is the only industrialized country to tax citizens on income earned abroad, even when taxed by their countries of residence, though they are allowed to exclude their first $91,400. Additionally, US law requires expatriates to report any foreign bank accounts exceeding $10,000, with heavy fines for noncompliance. American expatriates have also frequently been denied service at banks and other institutions in their countries of residence, as the US government requires other nations to abide by its banking and financial laws when dealing with its citizens. As a result, hundreds of US expatriates renounce their US citizenship every year.
http://en.wikipedia.org/wiki/Expatriate]
There are currently 1 users browsing this thread. (0 members and 1 guests)
|
|
Terms of Service | Privacy Policy |
|