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Tag Archive for CBT

Internet Tax Summit – September 21, 2105 Comments – U.S. Citizens Living Abroad, Accidental Americans And Immigrants Coming To The U.S.

Comment:

Just because I was put in the position to have to relinquish my citizenship does not in the least mean I feel this issue is over for me. There are others sorely impacted as well. I don’t think I will ever truly accept this episode in my life as just. Life is unfair and we must accept that however, these days every time I see some heinous criminal back in the U.S. on my television the thought always goes through my mind “Yes, but that person is not going to be put in the position to have to give up their citizenship no matter what they have done.” It seems childish, I admit but, I hope others will forgive somewhat my resentment over it. I do laugh at myself for having such knee jerk reactions but, I’ll allow myself some of that for a long while to come.  Read more

Making Citizenship-Based Taxation Reform Easy

Making Citizenship-Based Tax Reform “Easy”

Heitor David Pinto wants to “make it easy” for Congress to move from citizenship-based taxation (CBT) to residence-based taxation (RBT).

Pinto thinks CBT is “absurd.” And he aims to help Congress change it.

Because of CBT’s complexity and because it’s a low priority for Congress, Pinto was concerned Congress might take a long time or might not do tax reform at all for Americans abroad.  But, Pinto hopes “if it’s mostly done already, they might do it faster.”

When the naturalized American citizen immigrated to the United States from Brazil a Read more