A lively discussion is set to drum up support to convince US lawmakers to end America’s increasingly-unpopular “citizenship-based” tax regime. The meeting will take place in London next week.
When: Tuesday 18 September 2018 – 17:30 to 19:00
Where: Central London location – to be confirmed upon RSVP (nearest tube: Westminster)
Venue: To be provided upon RSVP (nearest tube: Westminster)
Cost: Free to attend
RSVP: firstname.lastname@example.org by 17:00 Monday 17 September 2018
The discussion will feature Mr. Solomon Yue who will be joined by various tax, legal and citizenship experts including Mr. John Richardson, a US tax and Canadian attorney of Citizenship Solutions who has been tirelessly active in the global debate over America’s current citizenship-based tax regime.
Mr. Yue is the chief executive of the Republicans Overseas. He’s been making a name for himself as a highly visible campaigner on behalf of expatriate Americans hampered by US tax burdens unique to their overseas status. I have previously blogged about the US tax problems faced by Americans living and working abroad (for example, see my posts here, here and here).
Finishing touches are now being put on a draft bill designed to ease these unique US tax burdens and to establish “Territorial Taxation for Individuals” (TTFI). Mr. Yue has been actively involved with this bill under Republican U.S. congressman, George Holding of North Carolina. From what I understand, the bill will put forth a legislative change moving away from the current regime of US “citizenship-based taxation” to one of “residence-” or “territorial-based” taxation. The concept is not new, and while it has been introduced some years back, to date, efforts to change the law have not met with success.
Learn more about the London event here.
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3 thoughts on “Americans Abroad: Sept 18, LONDON – Push to End Citizenship-Based Taxation”
Thank you very much for this! It is very difficult to get the word out and to get attendance for these events. John
Thanks – any way to write something up referencing this as well:
http://www.citizenshipsolutions.ca/2018/09/13/part-18-campaign-to-treasury-irs-exempt-american-small-businesses-in-the-u-s-worldwide-from-the-ustransitiontax-gilti-taxes/ The idea is to get people to comment on the negative effects of the transition tax and GILTI. This is actually written by Monte Silver. I am just trying to get broad circulation. John
By 1765, the term was in use in Boston, and local politician James Otis was most famously associated with the phrase, “taxation without representation is tyranny .” I wonder what Mr. Otis would say about citizenship-based taxation? Or what about “The power to tax is the power to destroy.” This quotation comes from the words of Daniel Webster and those of John Marshall in the Supreme Court case, McCulloch v. Maryland.