The Local France - OPINION: Unfair tax policies for Americans abroad must change
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Americans living in Europe face myriad tax and financial complications due to the US policy of citizenship-based taxation. Brandon Mitchener, executive director of the campaign group Tax Fairness for Americans Abroad, explains why the system needs to change.
Imagine being financially penalised simply because you chose to live your life abroad. Unable to open a bank account or save for retirement. Exposed to draconian penalties for not telling Uncle Sam about all your “foreign” (ie local) financial accounts. Having to declare income to a country in which you do not live. This is the harsh reality for millions of American citizens who face outdated and discriminatory tax policies.
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