The republican staff of the U.S. Senate finance committee has issued a policy paper that proposes significant changes in the way overseas citizens are taxed......
https://americansabroad.org/files/6513/6370/3681/finalsubrbtmarch2013.pdf
The republican staff of the U.S. Senate finance committee has issued a policy paper that proposes significant changes in the way overseas citizens are taxed......
https://americansabroad.org/files/6513/6370/3681/finalsubrbtmarch2013.pdf
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That would be a huge improvement for expats. Those changes, if it were to become law, would eliminate burdensome and needless paperwork, make it a heck of a lot easier to open bank accounts (because of the elimination of FBAR and FATCA reporting requirements) and not raise the taxes of anyone, except the very wealthy.
Certainly every current American expat would favor these changes.
Except the very wealthy who own the politicians?
If the very wealthy owned these politicians, they wouldn't be singled out for a departure tax as proposed here, right?