Mister Taxman: Why Some Americans Working Abroad are Ditching Their Citizenships

“The U.S. is the world’s only industrialized nation that taxes citizens who live overseas, even if their income is generated in a foreign country and they never return to America. And while high-profile cases like that of Tina Turner or that of Facebook co-founder Eduardo Saverin catch public attention, the vast majority of expatriates affected by double taxation and increasingly draconian filing rules are middle-class or retired, or those who have never lived or worked in the United States at all, but were born to American parents overseas.”

http://world.time.com/2013/01/31/mister-taxman-why-some-americans-working-abroad-are-ditching-their-citizenships/

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