ACA In the News: Congressman Holding spotlights IRS lack of data on U.S. expat numbers
The American Expat Financial News Journal (May 12, 2019)
Congressman Holding spotlights IRS lack of data on U.S. expat numbers
"The lack of hard data with respect to the number of Americans living abroad is well-known to many involved in expatriate issues, including the American Citizens Abroad, an advocacy organization based in Rockville, Maryland.
Last year, in hearings on President Trump’s 2017 tax reform bill and its impact on small businesses overseas, ACA executive director Marylouise Serrato noted that although 'it’s frequently said that there are around 9 million Americans living abroad, ACA believes this number is closer to 5.1 million, after making a number of adjustments, including one for approximately 1.3 million individuals affiliated with the federal government.'"