ACA in drive to fund update of residence-based taxation research, ahead of perceived need

The American Citizens Abroad Global Foundation – the sister educational and research organization to the Washington, D.C.-based American Citizens Abroad advocacy group – today is unveiling a campaign to raise US$75,000 to fund a research project that it plans to help provide the ACA and others with fresh data that the ACAGF says will help to support arguments in favor of moving the U.S. to a Residence-Based Taxation system.

  • News

Washington Examiner comment piece endorses resi-based tax campaign

Campaigners advocating that the U.S. join most of the rest of the world in adopting a residence-based tax regime – rather than the current, citizenship-based one – are viewing the recent publication of an article endorsing the idea by the Washington Examiner as a sign that the issue is beginning to attract the right kind of attention, in the city where it matters most.

  • News

Major expat issues, including RBT, fail to make Dem Party’s draft 2020 platform

A draft edition of the Democratic Party’s 2020 policy platform, published last week in advance of the party’s scheduled National Convention next month, contains none of the issues expats and the groups representing them have been calling for – including a call for replacing the citizenship-based tax regime with one based on residency.

  • News

IRS to non-U.S. banks: 'You don't need to close accounts of Americans whose TINs you don't have after all'

Under pressure from European banks in particular, the U.S. Internal Revenue Service has issued clarification with respect to a FATCA requirement that "foreign financial institutions" be obliged to provide the so-called Taxpayer Identification Numbers of their American clients from January, 2020 onward, which tax experts say means that banks now won't have to close the accounts of their TIN-lacking "accidental American" clients at the end of this year.

  • Tax

Dems Abroad: Americans Abroad Caucus co-chair Maloney planning to re-introduce two expat-friendly bills

New York Representative Carolyn Maloney, a Democrat who is co-chair of a Congressional group known as the Americans Abroad Caucus, is planning to re-introduce two bills of interest to Americans abroad, one of which calls for the creation of a "standing commission" that would review all laws that are currently having an adverse impact on Americans resident abroad, and also work to prevent new laws from being enacted that inadvertently harm non-resident Americans.

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Opinion

Tax Research's Richard Murphy: The real Pandora Papers message – 'Offshore's big issue now is the fight to save democracy'

Tax Research's Richard Murphy: The real Pandora Papers message – 'Offshore's big issue now is the fight to save democracy'

The world – including its banks, cross-border financial services institutions and even many governments – has come a long way since the Richard Murphy and others founded the Tax Justice Network in around 2003...

Oct-08-2021