Tax Rascal

Should there be a tax on the foreign income of nonresident citizens?

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Should there be a tax on the foreign income of nonresident citizens?

Decades ago, people around the world dreamt of immigrating to America, and American citizens believed they were part of the best country in the world.  Now, it seems like the “American Dream”, is finding another country to call home. Of course, The United States still has some attractive qualities, but when it comes to taxation while living abroad, American citizens are willing to give up their American passports. What has changed? International taxation and the hassle of paperwork associated with tax laws for US citizens that are residents of other countries.

In the entire world, there is one country that taxes its citizens for their world-wide income, regardless of where they live; The United States. Well, actually, there are two; … Read more...

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