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A comment on Why expat Americans are giving up their passports. Parent comment

Re:Why expat Americans are giving up their passports by newman314 on Wednesday February 10, 2016 @03:36PM (#11075767)
To be clear, the money is not intended to transfer into a US bank account. So for all intents and purposes, it has remained outside the US and will continue to do so.

The point being that the US has no business trying to tax income generated from funds that has never entered the country. Residence based taxation (like the rest of the world) would address this immediately.

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Re:Why expat Americans are giving up their passports by spiralpolitik on Wednesday February 10, 2016 @09:07PM (#11077779)
Almost all countries tax foreign income of residents. In your example you would be taxed on gains beyond the initial amount in all countries that aren't considered to be tax havens.

(The non-domiciled rule in the UK being one notable exception)

https://en.wikipedia.org/wiki/International_taxation

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