On May 14 – 16 the Democratic Party had its Global Annual Meeting. It’s interesting to see the resolutions proposed. (Those not dealt with will considered at a later meeting.)
Americans abroad who understand that the single most important issue facing them is US citizenship-based taxation, should be aware of resolution 18. Shockingly this resolution was proposed by FOUR MEMBERS OF DEMOCRATS ABROAD and includes (but is not limited to):
1. A strong endorsement of US citizenship-based taxation and the proposed US Wealth Tax
#Americansabroad: In May 2021 at DPCA annual meeting FOUR members of @Demsabroad proposed resolution 18 (see page 37) that affirms their full support for US @citizenshiptax and full support for proposed @USWealthTax! Does the DA Tax Committee agree? 1/2 https://t.co/AhKrg03d5H pic.twitter.com/IG7hAk9poi
— John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) July 10, 2021
2. Some proposals to make US citizenship-based taxation, FATCA and FBAR work a little better
#Americansabroad: In May 2021 at DPCA annual meeting FOUR members of @Demsabroad proposed a resolution (page 37) confirming full support for US @citizenshiptax. They also proposed the following measures to make #FATCA and #FBAR work better … 2/2 https://t.co/AhKrg03d5H pic.twitter.com/L8dRdiiGQQ
— John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) July 10, 2021
Notice in this excerpt they completely acknowledge that at best, their proposal is designed to create “de facto” residence-based taxation for some Americans abroad. To put it very simply:
Clearly (at least) some members of Democrats Abroad:
1. Do NOT want pure residence-based taxation; and
2. Are playing the same game of proposing some “carve outs” for some people, some of the time, under some circumstances.
(The retention of citizenship-based taxation allows them to keep changing the rules.)
It’s shocking that this proposal is coming from members of Democrats Abroad!
Here it is in all of its glory …
All 25 DPCA Resolutions submitted to the 2021 Global Meeting_Adopted, Withdrawn, or Deferred