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Will I have to pay taxes in both the US and Europe?
Possibly. The US taxes its citizens globally, but many European countries have tax treaties with the US to avoid double taxation.
Examples:
- Portugal’s NHR program can reduce tax burden for 10 years
- Spain offers a flat 24% expat tax on income under €600,000
Consult a tax advisor about FATCA, FBAR, and local requirements.
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