2 ms·
The US taxes on global income all citizens, even those living abroad. The only way to avoid that is to give up your citizenship, but then you have to pay an exi
by estebank 11mo ago
The US taxes on global income all citizens, even those living abroad. The only way to avoid that is to give up your citizenship, but then you have to pay an exit tax as if you had liquidated your assets. Even if you go to a country with a taxation treaty, you'll still be paying the minimum of the two countries to some country. If the other country taxes you less, you pay the difference to the US.
- penguin_booze 11mo agoThat's the same as saying, you eventually pay the maximum tax rate of the involved countries. I think that's the standard practice of double-taxation avoidance agreements (DTAA).