Taxation Pages

CBT is incompatible with the global economy of the 21st century where the tax policy of most industrialized nations is based on residency and not nationality. CBT works against US economic interests in terms of job creation and increasing exports. ACA tracks and advocates some of the worst problems that CBT imposes on US citizens overseas.  Highlighting these to Congress helps us support why RBT is needed.

• Child Tax Credit and Earned Income Credit

• Currency Fluctuations and Phantom Gains

• Foreign Earned Income Exclusion (FEIE) and Foreign Tax Credits Foreign Earned Income Exclusion (FEIE)

• 2017 Tax Cuts and Jobs Act (TCJA): Transition Tax and GILTI Regimes

• Net Investment Income Tax (NIIT)

• Pitfalls of Passive Foreign Investment Companies (PFIC)

• US Passport Revocation

• US Businesses Overseas

• Remittance Tax