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A global tax would be feasible if all governments are on good terms, and are willing to cooperate on their taxes and surveillance of assets. I do not predict this happening any time soon.

The US taxes citizens abroad, but you get to deduct taxes paid to your country of residence. Since the US has relatively low taxes, this usually means citizens abroad pay no taxes to the US. It may be more nuanced than that. I have never filed taxes while living abroad, this is just my immediate recollection.




Huh. US tax isn’t Low?!? And I think in Singapore you’re forced to pay tax. They ask you if you’re a US citizen here and treat your income tax differently. I could be wrong tho. I’m not American so I don’t need to worry about double tax.


> Huh. US tax isn’t Low?!?

I'm not sure if you read my comment correctly.

> The US taxes citizens abroad, but you get to deduct taxes paid to your country of residence. Since the US has relatively low taxes, this usually means citizens abroad pay no taxes to the US.

I am saying that taxes in the US are low, which is why citizens abroad usually don't have any more taxes to pay after deducting the taxes paid to their country of residence.


Ah ok. I Guess this only really applies to Europe where there is high tax to begin with.




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