Originally Posted by lhrsfo (Post 24707565)

This was partially true and is now only vaguely true.

What it omits are (and this is far from an exhaustive list):
- filing requirements, now incredibly onerous if you are living abroad as a foreign national (look up FATCA).
- different bases of taxation, thus rendering double tax treaties useless (eg, leaving money to your foreign spouse when you die attracts US tax) or only partially available (eg many of the CGT rules)
- many standard pension schemes in the foreign country fall foul of US rules and therefore are unavailable (here the US has effectively reneged on its treaty obligations)
- non-availability of standard tax-advantaged schemes (obviously you can't invest in US ones when resident abroad, but the US taxes the ones you can invest in).

In short, if you try to be honest, you are clobbered with US tax on anything that is not a straightforward salary - and that's leaving aside the $5-10k annually you pay in the costs of filing.

Originally Posted by ckx2 (Post 24715978)

Actually I have three passports. Two due dual citizenship and a third one due travel involved in both Israel and ME.

Originally Posted by BRITINJAPAN3 (Post 24730180)

My question is why would anyone be concerned that other people have more than one passport ?