"President-elect Donald Trump did hint at relaxing the US taxation of US citizens living outside the USA in the latter part of his presidential campaign. Measures which either reduce or eliminate the US taxation of overseas Americans would be attractive to those US citizens living overseas."
"However, the economic cost of taxation for a US citizen living in the UK is unlikely to be materially reduced. This is because the tax rate is determined by which of the UK or the US taxes a particular item at the higher rate."
"Under the UK Government's proposals to reform the taxation of 'non-doms', in most cases where an American has lived in the UK for more than 4 years, the UK will have the higher tax rate. This means relaxing the rules for taxing US citizens living outside the USA will not materially impact the overall economic cost of taxation if they are in the UK."
"It will be hard to convince politicians with a predominantly US domestic agenda that revenue raisers should be applied for the benefit of Americans living overseas if that were to involve sacrificing something on their US domestic wish list."
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