THE TRANSATLANTIC MAGAZINE
ACA is pleased to see more organizations joining the Residence-based taxation (RBT) Coalition, which was created in January of 2021, lending their voices to the call for tax reform for Americans living and working overseas. Joining the list of organizations last week are Democrats Abroad and American Families United. These new organizations join existing coalition members, The Adrian Leeds Group (Paris, France), AmCham Abu Dhabi, Association of Americans Resident Overseas (AARO), American Citizens Abroad (ACA), The American International Club of Rome, Americans Overseas, Angloinfo, Bright!Tax, Dunhill Financial, ExpatExchange, National Taxpayers Union (NTU), Swiss American Chamber of Commerce, and White Lighthouse Investment Management.
The purpose of the RBT Coalition is to focus on the need for tax reform for Americans who are living and working overseas and to support enactment of Residence-Based Taxation. RBT legislation would remove from US taxation foreign-earned income. See www.rbtcoalition.org/the-coalition. The RBT Coalition will present widely-accepted arguments, research and documentation in favor of Residence-Based Taxation, making information available to the US Government, the media and the public. Membership is open and the RBT Coalition invites other organizations and groups to come forward and join this important effort.
“The expanding membership in the RBT Coalition indicates the importance of tax reform for Americans overseas and shows that support covers various sectors and interests; it is not just organizations representing Americans overseas that support tax reform for this community,” said ACA Executive Director, Marylouise Serrato
With tax legislation a high priority in the US Congress and hearings being held by the Senate Finance Committee and the House Ways & Means Committee, the wealth of knowledge, information and research these organizations bring to the tax and compliance issues of Americans living and working overseas will be invaluable to those in Washington, DC who are working on such legislation, as well as regulatory reform. Tax reform for Americans abroad has often been overlooked in major tax legislation passed by the US Congress and the RBT Coalition’s work will be key given US Congressional legislative priorities.
“Our advocacy efforts in Washington, DC tell us that Congressional offices are hearing from a wide range of individuals, businesses and organizations calling for tax reform for Americans overseas. Advocacy organizations like American Citizens Abroad (ACA) are an invaluable resource for these offices and the support of the RBT Coalition helps with our advocacy work up on Capitol Hill,” added Jonathan Lachowitz, ACA Chairman and Board Member.