On June 19, 2023 the Global Progressive Caucus of Democrats Abroad hosted Professor Gabriel Zucman to discuss “Fair Share Taxation And Tax Enforcement”. You may know that Professor Zucman is a strong advocate of wealth taxation. Senator Warren (in the specifics of her proposed wealth tax) appears to be a disciple of Professor Zucman’s views.
During the presentation Professor Zucman reinforced his view that “Fair Share Taxation” should include a wealth tax. Interestingly he recommends that FATCA be replaced by the CRS.
But, most interestingly he expressed his view that the current U.S. system of citizenship taxation (as it applies to most Americans living outside the United States) simply cannot be justified. Based on this video, I would say that Professor Zucman may be an ally in the fight to reform the taxation of Americans abroad.
I have put together a short twitter thread to highlight his main points. But, I do recommend that people watch the entire video. The discussion at the end is every bit as interesting (and revealing) as Professor Zucman’s presentation.
A threadreader version of the twitter thread is here:
A pdf version is here:
The live Twitter thread …
June 23 – Pro wing of @Demsabroad hosted @USWealthTax advocate @Gabriel_Zucman: 1. Explains why he DOESN'T agree with CURRENT US @citizenshiptax AND why for MOST #Americansabroad current #CBT NOT justified. 2. Says #FATCA should be replaced with #CRS. https://t.co/mvEzDPZiAK
— John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) June 28, 2023