Why Does the US Have Citizenship-Based Taxation?


The United States is the only developed nation in the world that taxes its citizens based on which passport they hold and not according to where they live.

In fact, only the United States and Eritrea have such "citizenship-based taxation" policies. You can imagine that Eritrea's 2% "diaspora tax" - which is widely panned by nations like Canada - is hardly enforced.

The US government is convinced that this unique policy is justified due to the ideology of American exceptionalism and the great services they offer.

However, other nations offer the same services to their expats, but without the tax bill. As a result of this citizenship-based taxation, tens of thousands of Americans have renounced their citizenship to flee high taxes, endless paperwork, and regulations like FATCA.


Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".

Work with Andrew: https://bit.ly/Nomad-Capitalist-Application

Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.

He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.

About Andrew: https://nomadcapitalist.com/about/andrew-henderson/
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
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