From an international tax attorney:
While most of the comments in the political arena, the news, and airwaves today are a bit bombastic, the realities of moving to another country are significant. The tax consequences of leaving the country are quite substantial for any U.S. taxpayer. You will need the advice and counsel of an experienced international tax attorney to review your unique circumstances.
Are you Thinking of Moving to Another Country – A Few Things to Consider | Allen Barron, Inc. – JDSupra
If you read my blog, you already know that nearly all of the media stories about Americans moving abroad are mostly bull shit, made up creative stories. Most Americans cannot easily move abroad.
And if they, there are huge number of challenges including multiple tax jurisdictions, a U.S. 30% exit tax on all your assets. For those with $2 million or more in assets – if you sell your home in California, that’s probably going to be you – you’ll pay the exit tax. And if your last residence was California, you may also owe taxes on your international income to California, even after moving, he says.