“The United States is one of the only countries to tax based on citizenship, not residency.  And the U.S. government has tightened its rules in recent years to make it more difficult for Americans to evade taxes by hiding money offshore.  For Americans who reside in foreign countries, that can make it more difficult to find financial institutions who will let them open accounts.”

Read more: https://www.cnbc.com/2018/06/27/more-americans-are-considering-cutting-their-ties-with-the-us-heres.html

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