US tax rules sour life for Americans abroad

“Scott Schmith is a patriot and a US military veteran but he is no longer a US citizen: Sick of complex tax rules making his life in Switzerland miserable he recently handed back his passport.  ‘It was a pretty big decision and there was a bit of anxiety,’ said the 50-year-old photographer who served in the 1990-91 Gulf war and has been living in Switzerland since 1993.  But once he received his Swiss passport and handed back his US one last September, ‘it was like a load of weight off my shoulders.’ A growing number of American expats are opting to give up their citizenship rather than deal with the increasing difficulties imposed on them by US tax authorities.”

http://economictimes.indiatimes.com/news/international-business/us-tax-rules-sour-life-for-americans-abroad-expats/articleshow/18426864.cms

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