The American Citizens Abroad has unveiled a major online campaign it says is aimed at ensuring U.S. lawmakers hold hearings this fall on the “wide range of tax compliance issues” currently affecting Americans resident overseas – including the Tax Fairness for Americans Abroad Act.
The online write-in campaign, entitled “Tax Fairness for Americans Abroad: An Idea Worth Fighting For!”, is needed because hearings need to be held, the ACA explains, “so that the US House Ways & Means Committee can hear about the wide range of tax compliance issues facing the overseas Americans community from stakeholders and citizens.”
“With knowledge from hearings, the tax-writing committees and legislators will start to look at specifics of the legislation for refinement,” the ACA continues, in a statement issued on Thursday as part of its official launch of the new campaign.
“Treatment of items like Social Security income, income associated with the new “transition tax” and GILTI, and different types of PFIC income, will need more consideration, and details will need to be worked out to determine how these income streams will be taxed under a new residency-based regime.
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