Retired UK Lawyer Describes How US Citizenship Taxation Impacts His Family AND The Sovereignty Of The UK And Other Countries

January 3, 2021 - Participants Include:

 

John Richardson - @ExpatriationLaw

Peter - A Retired London, UK Based Lawyer

This podcast features the experiences and perceptions of a person who is NOT and never was a U.S. citizen. But, approximately 40 years ago he married a U.S. citizen and had U.S. citizen children.

The discovery of U.S. citizenship tax rules led the family down a path of discovery where they gradually understood the principles of: U.S. citizenship, U.S. citizenship-based taxation and how the U.S. exports citizenship-based taxation to other countries.

The podcast includes a discussion of how the toxic mix of citizenship and U.S. taxation impacts individuals AND how it undermines the fiscal policies  of other nations (in this case the UK).

Of particular interest is a discussion of how the evolution of the law of U.S. citizenship (harder to lose) and U.S. taxation (infinitely more complex) has exacerbated the problem.

Ultimately, the problem is not FATCA. The problem is not citizenship. The problem is not even the rules of U.S. taxation.

The problem is that:

The United States is imposing worldwide taxation, on people who are tax residents of other countries and do NOT live in the United States.

This discussion is valuable for individuals with U.S. citizenship who are attempting to live productive and normal lives outside the United States.

The discussion is also valuable for those government policy makers who value the sovereignty of their countries and wish to end the U.S. creeping encroachment on the sovereignty of their countries. The discussion reminds me of a post that I write in 2015 describing how FATCA and U.S. tax rules burden Canada's sovereignty.

Ultimately all U.S. citizen members of the family renounced their U.S. citizenship.

Listening to this podcast explains why, for Americans abroad,  ...

"All Roads Lead To Renunciation!"