The U.S. Senate's Finance Committee today will hear from a number of experts on how the country's "international tax policy" is impacting U.S. workers, jobs and investment, during a "virtual hearing" scheduled to begin today at 9:30am Washington time (1:30pm GMT).

More than a year after a U.S. District Court judge ruled that Tel Aviv-headquartered U.S. tax attorney Monte Silver could go ahead with his legal challenge to a key component of President Trump's December 2017 tax reform legislation, his right to bring the challenge is continuing to be the central issue in the case, it emerged earlier this week.

A major and potentially precedent-setting legal challenge to a key component of President Trump's December 2017 tax reform legislation, as it applies to "controlled foreign corporations", will move at last to a U.S. district courtroom in Washington, D.C. on Monday, more than two years after it was launched.

Two long-serving Democratic congressmen yesterday unveiled what they're calling the Stop Tax Haven Abuse Act, which they say would "close egregious offshore tax loopholes that allow companies to avoid taxes" by making their U.S.-made profits to "magically appear on the books in tax havens like the Cayman Islands."

The American Citizens Abroad, the non-profit, non-partisan organization based in Rockville, Maryland that exists to help Americans who live overseas, will be co-hosting a free webinar this Thursday with Amsterdam-based Americans Overseas, an advisory firm that helps "accidental Americans" and other American expats in the Netherlands, while also advocating on their behalf on legislative issues.

In what some are seeing as a blow to countless thousands of Americans who own stakes in non-U.S. corporations – including expats as well as Homelanders – a federal court in Washington state ruled on Thursday that a key retroactive element of President Trump's controversial, 2017 Tax Cuts and Jobs Act (TCJA) is constitutional.

White House chief of staff Mark Meadows did in fact receive a letter sent to him last month by the Republicans Overseas that urged him to call on President Trump to use his presidential authority to issue an "executive order" aimed at fixing certain tax issues expat Americans are currently struggling with, and is "very interested in doing something to end double taxation [for expats] legislatively after the election", according to RO chief executive and vice president Solomon Yue.

The U.S. Treasury Department on Monday issued what it said was a "final regulation" addressing how income earned by foreign corporations that has already been subject to a high rate of foreign tax may declared, in order to "allow taxpayers to exclude certain high-taxed income of a controlled foreign corporation from their Global Intangible Low Taxed Income (GILTI) computation on an elective basis".

Monte Silver, the American tax attorney resident in Israel who has been challenging elements of President Trump’s 2017 Tax Cuts & Jobs Act (TCJA) that he says would devastate small overseas businesses run by Americans – such as his – said final regulations issued by the U.S. Treasury Department yesterday represented a “huge win for our advocacy”.

Monte Silver, the American tax attorney resident in Israel who in January 2019 filed a still-ongoing lawsuit that challenges the so-called Transition Tax element of President Trump's 2017 tax reform legislation, has filed another lawsuit, also in U.S. District Court in the District of Columbia, over another aspect of the same Trump bill.