If you think things are bad now, then, brace yourself: it is about to get a whole lot worse. If you are alarmed at the speed with which the Trump administration has set about dismantling every institution of American government and every pillar of the international order, you must understand that this is not just the initial burst of activity, the “shock and awe” phase after which things will settle down: if anything, the pace will continue to accelerate.
The world has never before been faced with such a threat. The United States has handed the nuclear codes to a madman, a criminal, a would-be dictator and a moron, all in the same person. Whatever the purpose to which he directs these powers – to impress his dictator friends, to further enrich himself and his cronies, to seize absolute power or just to watch the world burn – we must hope for the best, but prepare for the worst.
Surprise! FATCA taxes Americans no matter where in the world that they work.
https://en.m.wikipedia.org/wiki/Foreign_Account_Tax_Compliance_Act
The shit thing, since I don’t make enough to actually pay taxes on my salary, is their PFIC and other rules. I can’t put money in my US retirement accounts. I also can’t use any of the ones here in Japan because, even if I just used them to put money pre-tax into cash savings, they all contain auto-investment rules that makes the target PFICs which are a nightmare.
There are exemptions for most of that if I’m in another country long enough, and ideally I’ll renounce citizenship entirely down the line
FEIE