Trump Pledges to End ‘Double Taxation’ of Americans Abroad

Wall Street Journal, October 9, 2024

Trump Pledges to End ‘Double Taxation’ of Americans Abroad

"Often, the compliance costs for filing tax returns can far exceed the actual taxes that Americans owe, said Marylouise Serrato, executive director of American Citizens Abroad, a nonpartisan group that has been advocating for a move toward residence-based taxation.

'It makes it very difficult and complex to file, and it also limits the ability of a lot of Americans to invest and live when they’re overseas,' she said."

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