Record Number of Americans Giving Up Citizenship
http://www.allgov.com/news/us-and-the-world/record-number-of-americans-giving-up-citizenship-150510?news=856444
The United States, alone among developed nations, requires its citizens and permanent residents to file tax returns regardless of where they live or where their income is earned. Such returns became more essential last year, when the Foreign Account Tax Compliance Act went into effect. That law requires foreign financial institutions to report account information for U.S. citizens and permanent residents to the U.S. government.
http://www.allgov.com/news/us-and-the-world/record-number-of-americans-giving-up-citizenship-150510?news=856444
The United States, alone among developed nations, requires its citizens and permanent residents to file tax returns regardless of where they live or where their income is earned. Such returns became more essential last year, when the Foreign Account Tax Compliance Act went into effect. That law requires foreign financial institutions to report account information for U.S. citizens and permanent residents to the U.S. government.