Members of @SEATNow_org: American Extraterritorial Taxation Affects Different Groups in Different Ways - Learn How

<p>January 20, 2021 - Participants Include:</p> <p> </p> <p>John Richardson - <a href='http://www.twitter.com/expatriationlaw'>@Expatriationlaw</a></p> <p>Dr. Karen Alpert - <a href='http://www.twitter.com/fixthetaxtreaty'>@FixTheTaxTreaty</a></p> <p>Dr. Laura Snyder - <a href='http://www.twitter.com/TAPInternation'>@TAPInternation</a></p> <p>Suzanne Herman - <a href='http://www.twitter.com/suzanneherman1'>@SuzanneHerman1</a></p> <p>Keith Redmond - <a href='http://www.twitter.com/keith__redmond'>@Keith__Redmond</a></p> <p>The core mission of SEAT is to "<a href='http://www.seatnow.org'>Stop Extraterritorial American Taxation</a>". </p> <p>Extraterritorial American taxation is system that imposes worldwide taxation, on the non-US income of people who live in other countries. That said, there are different groups impacted.</p> <p> These groups include:</p> <p>American expatriates - short term Americans abroad who are returning to the USA and engage in financial planning in the US system. </p> <p>American emigrants - people who moved permanently from the United States and engage in financial planning in tax system of the country of residence (example Canada). </p> <p>Accidental Americans - people who moved from the United States as small children and not think of themselves as US citizens. Their financial planning revolves ONLY around their country of residence.</p> <p>American Retirees abroad - people who have moved abroad to retire and live off U.S. source income (example Social Security). They are likely to file ONLY U.S. tax returns.</p> <p>Additional victims of Extraterritorial Taxation include:</p> <p>The sovereign countries where U.S. citizens reside; and</p> <p>Homeland Americans who are effectively prevented from leaving the United States and living a normal life outside the United States.</p> <p>Why it's important to distinguish the various groups impacted</p> <p>US citizenship-based taxation AKA (the US imposition of US worldwide taxation on the tax residents of other countries) is a pro