Friday, September 10, 2010
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Even Artichokes have Hearts: Policy for US workers abroad is impractical

The Daily Aztec, by Reneé Villaseñor – Government regulations should be reformed to no longer hurt expatriate workers. The U.S. is the only industrialized country that taxes its citizens on income earned abroad, even when they are taxed in their country of current residence, according to The New York Times. Also, new banking regulations contained in the Patriot Act make it difficult for expatriates to continue use of U.S. banks, as they have addresses outside of the U.S. Both of these factors are contributing to a record numbers of expatriates renouncing U.S. citizenship. There were 235 renunciations in 2008 and 743 last year. Read more: http://www.thedailyaztec.com/opinion/columnists/even-artichokes-have-hearts/even-artichokes-have-hearts-policy-for-us-workers-abroad-is-impractical-1.2242563

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