December 19, 2006

Did You Know? (Re US Tax on Citizens Working Abroad)

Filed under: Business Moves, Taxes & Government — TBlumer @ 6:07 am

From Monday’s New York Times (was free at the time, but may require registration later); bold is mine):

But after Congress sharply raised taxes this year for many Americans living abroad, some international tax lawyers say they detect rising demand from citizens to renounce ties with the United States, the only developed country that taxes it citizens while they live overseas. Americans abroad are also taxed in the countries where they live.

And the reason we do this, while no one else does, is …..?

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