Tax Fairness for Americans Abroad: An Idea Worth Fighting For!
ACA is seeing results from the Tax Fairness for Americans Abroad: An Idea Worth Fighting For campaign.
Nearly 10,000 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. Not only are Representatives getting the message for members of the House Ways & Means Committee is getting the message.
Keep the momentum going and join the campaign, tell other to join!
How it works. ACA makes it easy for our collective voices to ask Congress to conduct hearings with the campaign “Tax Fairness for Americans Abroad: An Idea Worth Fighting For!” 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. Hearings put the problems, issues, reserach, documentation and your testimonials into the Congressional record, and will be referred to when the tax-writing committees and legislators will start to look at specifics of the legislation like Congressman Holding's "Tax Fairness for Americans Abroad Act of 2018” for refinement or look to drafting new legislation.
Treatment of items like Social Security income, income associated with the new “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 residency-based regime. Hearings do not and will not “slow” down the legislative process. In fact, the lack of hearings makes passing legislation more difficult as the government does not have official record of the problems. Hearings puts the problems, issues and testimonials, on record so that these can be referenced and used to support legislation.
Join the Tax Fairness for Americans Abroad: An Idea Worth Fighting For!” campaign today.
To learn more about how we got to where we are today and why the call for hearings is critical see our update: https://www.americansabroad.org/current-aca-advocacy-for-tax-reform-and-how-you-can-help/
REMBMER TO ACT TODAY:
- 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.