THE TRANSATLANTIC MAGAZINE
THE TRANSATLANTIC MAGAZINE
The Residence-Based Taxation Coalition has written to two House Committees requesting that they hold hearings on the tax and compliance issues of US citizens living and working overseas, something that affects all American expats and 'Accidental Americans'. In the current system, Citizen-based taxation, Americans can be taxed by the US government on their earnings in other countries - something almost unique to Americans, with only Eritrea operating a similar scheme.
The Coalition's letter was sent to the Chairman and Ranking Member of the US House Ways & Means Committee as well as the Chairman and Ranking Member of the US House Ways & Means Committee Subcommittee on Select Revenue Measures. These committees are the starting point for tax legislation in Congress. You can read the letter here
The RBT Coalition is a consortium of organizations lobbying for the adoption of Residence-based taxation (RBT) for US citizens living and working overseas. It is non-partisan and is not advocating a particular approach to RBT, leaving it to Congress to develop detailed provisions. Members include American Citizens Abroad (ACA), American Association of Residents Abroad, American Families United, The American International Club of Rome, Americans Overseas, The National Taxpayer Union and other organizations offering help to expats.
Charles Bruce, ACA Legal Counsel and ACA Global Foundation Chairman, said: “We are pleased that the RBT Coalition is joining the call for hearings. ACA has long advocated for adoption of RBT and believes that the next step in the process of advancing on any legislation or regulation to address the problems facing US overseas taxpayers are hearings.”
