But this introduces a huge pain and expense of preparing US taxes every year even if you live abroad and don't step foot on US soil. Additionally, tons of forei

But this introduces a huge pain and expense of preparing US taxes every year even if you live abroad and don't step foot on US soil. Additionally, tons of foreign banks won't let you set up accounts even if you live in their country due to FATCA reporting requirements for US citizens. Finally, on a more conceptual level, is it fair that US citizens have to pay taxes where they get nothing in return? Especially when no other developed country has citizenship-based taxation?