Why expat Americans are giving up their passports – BBC News

The United States is one of only two countries in the world that has citizenship-based taxation (the other is Eritrea).

As a US citizen you must file a tax return, no matter where you live, and often pay US taxes on top of the tax you already pay in your country of residence – so-called double taxation.

Source: Why expat Americans are giving up their passports – BBC News