Expatriate

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Expatriate

An employee who is a U.S. citizen living and working in a foreign country.

Expatriate

An employee at a company who is a citizen of another country. Some governments require companies hiring expatriates to show cause that the job could not be performed by a local citizen. Expatriates are generally subject to taxation only in the country where they are working, though citizens of the United States often must pay American taxes as well as local taxes, depending on their levels of income. See also: Foreign Tax Credit.
References in periodicals archive ?
Pre-expatriation Trusts--Potential covered expatriates should also be advised to use all of their remaining unified credit before expatriating if potential U.
Using 2005 thresholds, expatriating individuals (a) who have been tax-compliant for at least five previous years and attest to such fact, (b) whose net worth is less than $2 million dollars and (c) who have paid federal income tax (indexed annually) of less than an average of $124,001 (about $400,000 of adjusted gross income for an average taxpayer) for the five years prior to expatriation are exempt from the alternative tax regime.
The Service has issued Notice 98-34, modifying its ruling practice for expatriating individuals.