[ OFFSHORE TAX ] Citizenship Based Taxation.

[ OFFSHORE TAX ] Citizenship Based Taxation.

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DERREN JOSEPH:
the united states practices citizenship-based taxation which means that even if you have not lived on u.s soil for years you may be an astronaut in a space shuttle may or whatever the situation maybe you must file and pay your taxes so the only way to sever tax residency would be to give up your passport or surrender your green card but you are exposed to taxation regardless of where you reside and some people say the u is alone but depending on your situation there are a lot of other countries which act similarly and I'm thinking of the other developed countries so like europeanEuropeanEuropean European countries Australia, New Zealand, UK, Canada you can be in a similar situation but with those territories, it is possible to serve a tax residency without giving up your passport with the us that that's not possible
OUTRO:

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