Quote:
Originally Posted by Dottore
The US is the only country in the world AFAIK that taxes it's citizens on their worldwide income regardless of where they reside.
On the facts you give, I can see no reason to retain the US citizenship. It's a potential liability. |
This is correct. There are huge issues now with fines and penalties for not filing paperwork (it appears to be a cash grab). The days of a nice easy and cheap retirement in the sunny south are over.