If you support such legislation, consider supporting lobbying groups such as American Citizens Abroad https://www.americansabroad.org/
If you support such legislation, consider supporting lobbying groups such as American Citizens Abroad https://www.americansabroad.org/
So let's get this straight. On one side you have Americans who think it's reasonable to tax people who don't live in the country and thus don't use any of the services that tax pays for and then on the other side you have Americans who believe that all tax is theft under the threat of violence?
Talk about extremists at both ends.
(As I recall, in the UK that cost is paid via part of your passport fees. Not via world-wide taxation and monetary oversight.)
That should be "most of its citizens abroad." As we know from Anwar al-Awlaki, the US may decide to remove due-process rights of its citizens and use its military power to kill them.
But I would like to hold some investments and that's an area I have no US tax knowledge of. So that'd be another accountant hit. Maybe renouncing is the better investment, once it becomes available again.