Originally Posted by
perthbound
This is not a US IRS issue, it is an issue for everyone else.
This is the first step in the rest of the world moving towards a similar system to how the US currently taxes its expats.
I think you will find there are more calls for the US to change to the system that the rest of the world uses rather than the other way around - after all the system was only imposed to stop draft dodgers during the Civil War. Every year more and more US Citizens renounce their citizenship to get away from the demands of the IRS.
As an aside there is a growing demand in the US for a similar change in Corporate Taxation away from worldwide earnings to Territorial taxation - President Elect Trump has indicated he will look at that issue.