this post was submitted on 26 Feb 2024
637 points (95.4% liked)

World News

32304 readers
420 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 7 points 8 months ago* (last edited 8 months ago) (1 children)

unless you're a US citizen which requires the extra step of completely renouncing your US citizenship or continue paying US taxes (and therefore supporting the military mostly lol) regardless of where you may live in the world

[–] [email protected] 3 points 8 months ago* (last edited 8 months ago) (2 children)

It's complicated, but not necessarily. The US has a lot of agreements with other countries for you to avoid having to pay taxes for both countries. If you're living in a country with one of those agreements, you can file with the US to claim you've paid taxes to the foreign government.

And the US doesn't force you to renounce your citizenship, it's generally other countries that don't allow dual citizenship; Germany and Denmark for example don't allow it.

[–] [email protected] 4 points 8 months ago (1 children)

is there something you can point me to that confirms this? i'm not saying you're wrong but my quick google search said the opposite.

[–] [email protected] 2 points 8 months ago

I was wrong about Denmark citizenship, but look here for an explanation of the tax treaties and the FEIE.

https://www.hrblock.com/expat-tax-preparation/resource-center/filing/20-things-americans-overseas-should-know-about-taxes-for-expats/

[–] [email protected] 1 points 8 months ago (1 children)

And the US doesn't force you to renounce your citizenship

It does if you don't want to continue paying US taxes no matter where you live and work.

other countries that don't allow dual citizenship; Germany and Denmark for example don't allow it.

I don't know about Germany, but that hasn't been true of Denmark for nearly a decade.

I get the feeling that your source is located somewhere between your spine and the backs of your thighs.

[–] [email protected] 3 points 8 months ago* (last edited 8 months ago) (1 children)

I was wrong about Denmark. I did some research last year and apparently what I found was wrong.

But the US has Tax treaties, the FEIE, and the Foreign Tax Credit programs for expats to avoid paying US tax when overseas. But you still need to file with the US.

See here:

https://www.hrblock.com/expat-tax-preparation/resource-center/filing/20-things-americans-overseas-should-know-about-taxes-for-expats/

[–] [email protected] 1 points 8 months ago

Thanks for the clarification!