US citizens have an IRS filing requirement even when living abroad.
What other countries behave like the US in this regard?
Personally I never heard of this tax before, despite being a German living in Austria, but then: The tax targets wealthy individuals with company holdings trying to evade taxation. https://de.wikipedia.org/wiki/Wegzugsbesteuerung
Agreed that there is some tension with EU principles, but it is difficult to get it right. Building a company in country A for 20 years, then moving to country B for 184 days to sell it completely without paying taxes also does not seem like a fair system.
Pensions for elderly works within borders of EU.
You can for example move from Netherlands to Poland for retirement and get Dutch pension while living very comfortably in Poland.
The US government makes employers (corporations) pay a large amount of money into the private health insurance system (Required by law per employee. That sounds socialized, doesn't it?). They do that to reduce the tax burden on the poor, and to maintain healthy competition in the insurance market, for better or for worse.
In my opinion, that means doctors make more money because insurance companies put the burden of paying them on big corporations that can afford to do so.
Essentially, it means the poor get healthcare, the rich pay for it, and small business owners can expense it as a reduction in tax liability.
What do you suppose you'd do if you were an employer (a corporation) with global media reach who didn't want the government to force you to pay for your workers' health care?
Well, I think you'd invest a lot into propaganda teaching people that rich corporations shouldn't pay it, the government (aka poor taxpayers) should pay for it.
And that's why so many people are under the same impression that you have (or had).
Source: I did it.
And of course if you have assets in The Netherlands of any kind you'll have to keep filing IRS as long as you have anything going on there.
In Finland you have to live abroad for 3-4 years until you are not taxed anymore.
The tax office cares if you have a domicile ("living base") in Japan or possess a residence there for over a year.
Not a tax professional.
Tax fraud is fraud. The US definitely extradites for fraud.
* Gaston Bastiaens
* Stein Bagger
* John Kirk
You can live and work in US without citizenship, right?
Which citizenship would be good to get instead of US?
It's not like the US is funding that foreign work to be done on their behalf, either. So the reticence to even bother with creating bank accounts for American citizens makes sense.