Ways and Means Member Introduces Residency-Based Taxation Bill | Tax Notes Today International

Tax Notes Today International, December 23, 1024

Ways and Means Member Introduces Residency-Based Taxation Bill, by Andrew Velarde

"Marylouise Serrato of American Citizens Abroad said that she was pleased to see the legislation being championed by LaHood. She added that she thought it could be a bipartisan effort in the next Congress."

"Serrato said that she would welcome legislative guardrails to avoid the appearance that wealthy overseas Americans are obtaining tax breaks or are able to take advantage of loopholes and engage in tax evasion."

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