What do you mean? I have double citizenship and pay American taxes…[/quote]
I suspect he meant multinational corps… Corps only pay taxes on US revenues – not overseas revenues. Even if the corporation is based in the US only the US revenues are taxed.
My husband and kids are working on dual citizenship – and yes, we’ll still be obligated to pay US taxes on income earned in the US… but if we live overseas (and earn the money overseas) we can exclude the first $90k or so. If we retire overseas – and move our savings to accounts there – the income will be less than the foreign earned income exclusion and we’ll avoid paying US taxes. But we’ll pay applicable taxes to the local government.
