American Citizens Abroad Global Foundation commissions study analyzing revenue effects of residence-based taxation
Posted by Aca Admin on September 16, 2025
Washington, DC
September 16, 2025
American Citizens Abroad Global Foundation commissions study analyzing revenue effects of residence-based taxation
American Citizens Abroad Global Foundation (ACAGF) has commissioned a national accounting firm to prepare a report on the revenue effects of legislation to enact residence-based taxation of American citizens abroad.
This study comes at a time Congress is considering enacting some version of residence-based taxation (RBT), making U.S. tax policy more competitive with foreign countries and putting Americans first for jobs and increasing the presence of U.S. vendors and suppliers globally.
President Trump, in his campaign last year, said “Once and for all, I’m going to end double taxation on our overseas citizens.”
Representative LaHood (R-IL) plans to re-introduce his "Residence Based Taxation for Americans Abroad Act" (H.R.10468) bill (which would end double taxation), originally introduced last Congress, but it has not received a score from any budget office or agency.
“The revenue estimates – the numbers – are critical. They are the ‘coin of the realm’ when it comes to crafting detailed provisions and convincing Members that RBT is the way to go,” said Charles Bruce, Chairman, ACAGF.
ACAGF has studied the revenue score of RBT since 2016 and will now have updated estimates for American Citizens Abroad, Inc. (ACA) membership and policymakers.
“The two prior studies by ACAGF laid the groundwork on modeling techniques and key data,” said Jonathan Lachowitz, Chairman, ACA. “They are references to prior work on Capitol Hill. This new work will update and build upon this prior work and show Members – particularly the new Members of Congress – how this can work for their constituents without negative trade-offs.”
“We hope to see legislation before the end of the year. That’s our goal, and we think it’s doable,” Marylouise Serrato, Executor Director, ACA. “Together with many others in the Americans overseas community, we are doing everything possible to make this happen. It will benefit Americans overseas currently at a disadvantage to foreign workers as well as help U.S. based exporters.”
Track latest developments by going to https://www.americansabroad.org/.
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American Citizens Abroad Global Foundation (“ACAGF”) is a publicly-supported charity (I.R.C. § 501(c)(3)). Alongside it is American Citizens Abroad (“ACA”), a membership organization incorporated as a nonprofit organization under the laws of the State of Delaware. It is an exempt social welfare organization (I.R.C. § 501(c)(4)). ACAGF and ACA (collectively “ACA”) favor a balanced approach to subjects, supporting efforts that provide tangible results. Both are nonpartisan. Neither provides tax, legal, accounting, or investment advice or services. For additional information, to join ACA and to make contributions, go to https://www.acaglobalfoundation.org/ or https://www.americansabroad.org/. |
For additional information, contact Charles Bruce at [email protected].
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