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Tag: citizenship based taxation

Citizenship Based Taxation and FATCA, i.e. the Bane of My Existence

So I just filed my US tax return and now I need stiff drink to recover. I made this little video earlier today to complain about it to the world. I hope it doesn’t seem like I’m just whining in the video, because citizenship based taxation (CBT) and FATCA are actually serious problems for many Americans and green card holders abroad. Thanks to FATCA, a lot of ordinary American expats can’t get a mortgage or business loan; in some cases, they can’t even open a simple bank account in the country where they live and work. Although many countries have…

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