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Americans in France: How does citizenship-based taxation impact you?

The Local France
The Local France - [email protected]
Americans in France: How does citizenship-based taxation impact you?
The Internal Revenue Service (IRS) headquarters, in Washington, DC. (Photo by MANDEL NGAN / AFP)

The United States - almost uniquely in the world - operates citizen-based taxation, and this can have serious consequences for Americans who choose to move abroad.

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You might have lived outside the US for years, even decades, but that doesn't mean that you escape the clutches of the IRS.

Citizen-based taxation, coupled with the US' FATCA legislation, can have a serious impact on Americans in France, affecting everything from completing tax declarations, the type of investments you can make and even whether you can open a bank account. 

A recent study from the organisation "Stop Extraterritorial American Taxation" (SEAT) garnered hundreds of responses from Americans living across the world, with many sharing their frustration with citizenship-based taxation and FATCA. 

The Local would like to hear from American readers in France about their experiences with citizenship-based taxation and FATCA and what - if any - problems it creates for you.

Please take a moment to fill out the survey below:

 

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