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Republican Nominee Trump Pledges to End 'Double Taxation' for Americans Abroad

Oct 9, 2024, 09:50 PM

Donald Trump, the Republican presidential nominee, has pledged to eliminate 'double taxation' for Americans living abroad. In an exclusive interview with The Wall Street Journal, Trump stated his support for lowering taxes on U.S. citizens who reside overseas. The move aims to provide relief to expatriates who currently face tax obligations in both the United States and their country of residence and is seen as an attempt to win support from an often-overlooked group of voters. The U.S. is unique among major countries in taxing its citizens on their global income regardless of where they live or earn it, while other nations base taxation on residency.