Taxes Here and Taxes There: No Escaping for Americans Living Overseas

  • Post Category:News

The United States is one of the few countries in the world to practice a taxation system based on citizenship rather than residency. As a consequence, American citizens living abroad will have to pay taxes on their worldwide income even though they are not living and earning money in the U.S. For Europeans with U.S. citizenship, this essentially means that they are potentially liable to pay taxes even though they do not reside or even visit the U.S.

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