“I’ve discovered the motivations for our expatriation clients to take this step are more nuanced than mere tax avoidance. A case in point is the overwhelming compliance burden U.S. taxpayers living overseas face. The information reporting regime they face is complex, overlapping, and constantly evolving. Even minor violations are subject to draconian penalties. What’s more, U.S. laws force foreign banks and other financial institutions to enforce U.S. tax and reporting rules with respect to their U.S. clients. In many cases, it’s easier for foreign banks to ‘fire’ U.S. clients than deal with this risk.”

http://www.nestmann.com/are-you-a-good-candidate-for-expatriation/

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