John Boston
Sep 3, 2018 · 1 min read

U.S. tax and compliance laws apply Kafkaesque double taxation on U.S. persons tax resident overseas.

There are extra U.S. penalties, tax, and disincentives for money, accounts, pensions, and investments in countries other than the US; even if you live permanently overseas, your accounts are local to you, and you already pay a fair share of tax to the country you live in, often at higher rates than U.S. taxes.

In an increasingly global and mobile world the US should not punish The 9 million US persons living, working overseas, and expanding US influence and trade overseas.

“Territorial taxation” for INDIVIDUALS with a bill in Congress by the end of the year will help remedy the injustices involved. Calibrated for Congressional support It will be an important first step, although still no relief for the vast majority of Accidentals.

Anyone caught up in this must visit the message boards of The Isaac Brock Society, citizenshiptaxation dot ca, purpleexpat dot org, fixthetaxtreaty dot org and Facebook Groups: American Expatriates, and CitizenshipTaxation.

    John Boston

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