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American Expat Financial News Journal (January 28, 2021)

BREAKING: New group formed to lobby DC lawmakers to switch U.S. to residence-based tax regime

"A group of organizations and individuals have joined forces to launch a new, Washington, DC-based lobbying organization, with a single goal: persuading U.S. lawmakers to move the U.S. to a residence-based tax regime, like most of the rest of the world's countries have.

News of the creation of the Residence-Based Taxation Coalition was unveiled yesterday, in a statement distributed to the world's media.

Today, Marylouise Serrato and Charles Bruce, the executive director and legal counsel, respectively, of the Washington, D.C.-based American Citizens Abroad (ACA), are expected to share more details about the group during a presentation they're giving as part of the so-called 2021 Expats Virtual Financial Summit, a free, four-day event that's taking place online.

A recording of their presentation will be available on the summit's website afterwards.

According to the RBT Coalition's statement yesterday, its sole purpose will be 'to focus on the need for tax reform for Americans who are living and working overseas, and to support enactment of residence-based taxation'."

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