Americans Renounce Citizenship to Escape IRS – Reason.com

Astonishingly poor federal tax laws in the USA.

It’s astonishing that the American government would punish some of the world’s most patriotic people by making them choose between their citizenship and the headache that comes with trying to be compliant with awful laws like FATCA. The requirements imposed by FATCA on foreign financial institutions and the punishments that come with non-compliance mean that sometimes foreign banks don’t let Americans open accounts at all.

via Americans Renounce Citizenship to Escape IRS – Reason.com.

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