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Fortune
Fortune
Alicia Adamczyk

Trump wants to end the 'double taxation' of Americans living overseas. What could change

Young entrepreneur working outdoors at the cafe. Sitting on the balcony over the city street. (Credit: nortonrsx)

A growing number of Americans are moving abroad, whether for a career change or because they've long dreamed of living in another country. And though they may work and make money entirely in their new country, when tax time comes around they must file not only where they live with but with Uncle Sam as well. The U.S. is an outlier in this department and many of those overseas Americans want the tax situation to change.

Last week, former president Donald Trump acknowledged the issue, telling the Wall Street Journal he supports "ending the double taxation of overseas Americans," though he offered no details on what he meant by it or what the new policy would be.

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