Americans Abroad Fight for Tax Fairness!
ACA is seeing results from the Americans Abroad Fight for Tax Fairness! campaign.
Over 28,000 messages have been received by Representatives' offices. ACA is following up with tax staff in those offices and educating them on the tax compliance issues and stressing the importance of holding hearings. Keep the momentum going and join the campaign, tell other to join!
How it works. By visiting this link you will be able to sign an appeal that is guaranteed to be seen by your Congressional office and the members of the US House Ways & Means Committee.
Why Hearings are needed.
To make Residence-Based Taxation (RBT) a reality, hearings in the House Ways & Means Committee are needed to educate Congress and the public on the variety of tax compliance issues facing Americans living and working abroad.
As the new Congress takes up the subject of tax legislation, hearings will be held. Offices in Congress have signaled that treatement of individual overseas taxpayers will be part of the discussion and that hearings should be held so that the committees can understand the wide range of tax compliance issues facing the overseas Americans community from stakeholders and citizens.
With knowledge from hearings the tax writing committees and legislators can look at specifics and determine how best to craft legislation to address these problems. Specific treatment of items like Social Security income, income associated with “transition tax” and GILTI, and different types of PFIC income, will need more consideration and details will need to be worked out to determine how these income streams will be taxed under a new residence-based regime.
- Join the campaign and sign the appeal asking Congress and the House Ways & Means Committee to hold hearings.
- Support ACA. ACA, with no political affiliation, and working only in the interest of the community, is ideally positioned to advocate for the community. Click here to see how your donation will be used to help ACA's advocacy efforts.