Introduction
“It Takes A Village!”
As everybody (who even the slightest interest) knows there is:
1. A need to end the application of the U.S. citizenship tax regime to Americans abroad
2. An awareness of the issue – created primarily by President Elect Trump’s announcement to end the “double taxation” of Americans abroad (Shout out to the Republicans Overseas Tax Committee for their work over the years)
3. Tremendous work by various “groups” over MANY years including (without limitation) including ACA, AARO, SEAT, Dems Abroad Tax, Rep Overseas Tax, Association Of Accidental Americans and Tax Fairness For Americans abroad (resulting in the Lahood Bill)
4. Great commentary from individuals in the Social Media space
5. Support from blogs and Facebook groups, including without limitation: The Isaac Brock Society, Keith Redmond’s American Expatriates Facebook Group, Karen Alpert’s Fix The Tax Treaty Group and Anthony Parent’s IRS Medic Youtube channel.
6. Lawsuits including the ADCS-ADSC FATCA Canada lawsuit and the Republicans Overseas FATCA Legal Action Lawsuit.
7. The Republicans Overseas initiative which organized the 2017 Meadows FATCA hearing.
8. The 2018 Holding Bill which was the first bill introduced to relieve the plight of Americans overseas.
9. Congressman Beyer’s 2017 Tax Simplification For Americans Abroad Act.
10. Superhuman efforts from a number of individuals either in their personal capacity or representing their groups. Particular mention should go to those who have specifically associated their names with the need for change. These include (but are certainly not limited to: Solomon Yue, James Gosart, Laura Snyder, Rebecca Lammers and many others (you can leave comments adding more …) These people have been working while you were sleeping. They have always been working when you were awake. They invested incredible amounts of time and energy in solving this problem.
Bottom line: This is where we are. Congress will be thinking about tax reform in 2025.
President Elect Trump has made the pledge that it’s time to end the “double taxation” of Americans abroad.
This is the single most important pledge and acknowledgement of this problem. A statement from the President is the single most important acknowledgement. (See the video referenced in the following tweet.)
We still need to understand the scope of this pledge. What does it mean? How far does it go?
To put it simply, it’s time for ALL Americans abroad to “Seize The Day”!
_______________________________________________________________________________
I have started a series of discussion on X.com “Spaces” to interact with interested people and to explore these issues. I have no idea how many I will do. I have no idea how long they will last. But, I thought it would be good to have a post the lists the discussions (previous and upcoming). So, that is the purpose of this post. You can bookmark this page and check back. Feel free to contact me X.com/ExpatriationLaw with comments or suggestions.
All of the “X Spaces” are summarized on Substack at:
https://expatriationlaw.substack.com
All of the “X Spaces” are summarized on Spotify at:
https://open.spotify.com/show/6LEpZEhGrK4Ap4qlU9Frlr
All of the “X Paces” are summarized on Apple podcasts at:
https://podcastsconnect.apple.com/my-podcasts/show/expatriationlaw-x-spaces-lives-discussions-ending-double-taxation-of-americans-abroad/d46b4dd0-8695-46de-a259-fc204f152781/episodes
Continue reading →