Letting Go And Moving On: No Relief (So Far) For Americans Abroad In The "Big Beautiful Bill"

May 27, 2025Note this is an AI generated summary of a presentation. There are some things in it that are not entirely accurate. That said, the main points are there.Navigating US Citizenship Tax: Options and Challenges 1 source The author argues that the United States' approach to taxation based on citizenship, rather than residency, creates significant burdens for Americans living abroad. This citizenship taxation is presented as a form of ownership over individuals. While long-term prospects for a shift to residence-based taxation (RBT) are seen as positive, legislative change has been slow. The author discusses potential options for U.S. persons abroad, including citizenship renunciation, which severs the tax tie, and citizenship deletion, a non-compliant path. Renunciation is advised, particularly before reaching certain financial thresholds, to avoid the Exit Tax and related complications. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit expatriationlaw.substack.com