4 ms·
All income earned by USA citizens is subject to taxation by USA authorities even if the money was earned while resident in another country. Most other countries
by basementcat 7y ago
All income earned by USA citizens is subject to taxation by USA authorities even if the money was earned while resident in another country. Most other countries do not tax their citizens for income earned abroad.
*There may be tax treaties that may reduce total tax liability.
- arcticbull 7y agoIt reduces your tax liability to the greater of the two. The only other countries that practices citizenship based taxation are Eritrea, Hungary and Myanmar. Even Hungary doesn't tax dual-nationals. Of them only the US is in a position to really collect.