“It’s safe to say that we will continue to see many US citizens who live abroad renouncing their US citizenships, possibly still in record-setting numbers. This is not because they don’t love the USA, or because they are greedy tax evaders, but because they simply can’t afford the cost of compliance, which, as a result of FATCA, includes the inability to maintain bank and investment relationships abroad, and frequently, the need to pay tax to two governments on the same piece of income. Indeed, it’s fair to say that the Tax Cuts and Jobs Act doesn’t really contain any positive changes for US expats.”
Related posts:
Virtual Currency Meets Healthcare as Polish Dentist Accepts Bitcoin
Patent stunner: Nation’s most notorious “troll” sues federal gov’t
Meet the Gay Black Republican Selling Guns Online for Bitcoin
Former Obama Intel Chief: Pentagon, Not CIA Should Control Drone Strikes
Nigel Farage blasts Francois Hollande in EU Parliament
RIAA: Bitcoin Makes it Hard to Track or Seize Pirate Bay Donations
Lew Rockwell: It's Time To Take Back The Republic
Bitcoin, gold and competitive currencies
Another Warning About Switching Your Healthcare Plan
NSA harvesting hundreds of millions of personal email contact lists
NSA Whistleblower Says Everyone In US Under Surveillence, Massive Data Center In Utah
Raisons d'État: Justifying Assassination and Murder of American Citizens
Sign language-to-speech translating gloves take out Microsoft Imagine Cup 2012
Democrats steamed that White House let the CIA censor a torture report
Homeland Studies