How many Americans working abroad renounce their citizenship due to double taxation each year and?

Freezing Temperature: How many Americans working abroad renounce their citizenship due to double taxation each year and?
how many foreigners working in the United States renounce their citizenship for the same reason?
Isn’t it time to put an end to double taxation in this world?

Answers and Views:

Answer by StephenWeinstein
No U.S. citizens renounce their citizenship due to the reality of the situation. Some might because of misconceptions about taxes.

1. U.S. citizens who renounce citizenship for the purpose of avoiding taxes can be required to pay U.S. taxes even after renouncing citizenship.

2. U.S. citizens who work abroad AND do NOT renounce their citizenship usually qualify for the foreign earned income credit and/or the foreign taxes paid credit, so they are NOT double taxed.

Answer by tro
and you don’t think other countries tax people who work there but citizens of another country? dream on

Answer by chatsplas
And just who is going to do that (end double taxes in world)?

The US taxes the income of its citizens, worldwide. However, there are credits and offsets for foreign taxes paid. So there’s NOT as much double taxation as you think.

Answer by Cissy M
A lot of places (such as England), have a much higher tax rate than the United States. And the United States will give you credit for taxes paid to another country.