Really not sure. I have never been employed overseas and have 0 entitlement for dual citizenship.
Anecdotally, I have heard that working overseas (and even in multiple states during the tax year) requires paying taxes in multiple places. One presumes you get a lessened tax burden, otherwise it would be unaffordable to pay full taxes both places, and nobody would ever do it.
Yeah. In some other cases (Bulgaria, for example), EU rules apply (i.e. US passport holders do not require a visa), but the US still requires a visa for Bulgarian citizens.
When I worked for Oracle some years ago as a consultant we had to file taxes in every state in which we had worked for 80 or more hours. One year I filed taxes in 14 states and the District of Columbia.
Itâs an enormous pain in the ass and very expensive in terms of accountantâs fees.
The US is one of a very few countries that requires ALL citizens and permanent residents to file taxes no matter where they live. Because of these requirements and onerous reporting requirements placed on foreign banks and companies, it is now very difficult for americans and green card holders to have bank accounts overseas - even in the country within which they hold citizenship.
All but one of my UK bank accounts was closed because of this, and Iâm a UK citizen who lives and wrks in the US.
Iâm pretty sure that if you are an American living overseas you DO have to file taxes every year and there are many people in trouble because they have not. Also you canât renounce your citizenship until you pay all back taxes that the IRS may claim that you owe.
But at least Americans living overseas get to vote. UK citizens living overseas lose that right after ten years.
I did consulting for a few years, and by virtue of my salary coming from our main corp. office I only had to file in one state (and country).
Hey, maybe you can answer me this: Why is the Canadian border patrol so worried about who is paying you for consulting work? Only thing I ever got grilled on entering Canada.
My understanding as well. Though I seem to recall that Americans living overseas donât have to pay US taxes on income below $100,000 or some similar number.
I collect foreign coins and pulled some Ethiopian coins out of a 5 for $1 box at a flea market. I had a lot of fun trying to figure out just where they came fromâeverything on the coins was in Geâez script.
On a side note thereâs a story that when he was asked why he moved to Sri Lanka Arthur C. Clarke responded, âForty English wintersâ. I think he just wanted one of those cool passports.
IBM global services lost a major lawsuit and had to start this process and Oracle followed suit shortly after - not sure if PWC, E&Y, etc have to do this. It obviously hits people who work lots of short projects more than one or two large projects a year - unfortunately I fell into the former case.
The Canadians (I believe) are wary of people coming in and stealing jobs from Canadians - not unreasonably. The first company I worked for instructed people to lie at the border and tell the BP that they were there for pre-sales. I refused to do that and escalated until we got proper paperwork. Oracle has many offices in Canada and the work I do is so specialized I never had an issue - although I would tell them the work was contracted to Oracle Canada and then from there to me.
I got a Nexus card 6 years ago and that was the best thing - now I donât get quizzed at all on the border.
I suspect if you calculate passport power against the population (ie against the size of the country), you get an interesting indicator of a countryâs global reputation (ie youâre crudely controlling against most other factors like economic trade importance, bigger population supporting more embassies and diplomatic resources, etc)