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Discussion about current events, culture, independent candidates, business, education, travel, death and taxes, global mobility, citizenship and residence by investment options, Americans abroad, FATCA, CRS, U.S. citizenship renunciation, Green Card abandonment, citizenship taxation, PFIC, GILTI, foreign trusts, I-407 and more ...
Episodes
Wednesday Nov 24, 2021
Wednesday Nov 24, 2021
November 24, 2021 - Participants Include:
Dr. Laura Snyder - @TAPInternation
Dr. Karen Alpert - @FixTheTaxTreaty
John Richardson - @Expatriationlaw
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On November 19, 2021 Congressman Beyer introduced HR 6057, the "Tax Simplification For Americans Abroad Act". This bill was the subject of two blog posts at:
You can read the text of the bill here.
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In this podcast we discuss the groups affected (or not) by this bill as follows:
The Good: Those with income of below $108.000 who are NOT the owners of CFCs.
The Bad: Those with incomes in excess of $108,000 who are NOT the owners of CFCs.
The Ugly: Entrepreneurs abroad who own CFCs.
We are of the view that should it become law that the primary effect would be to divide Americans abroad even more.
We firmly believe that:
Pure residence-based taxation is the ONLY solution that solves the problem for ALL people ALL the time!
No left outs! No carveouts! We advocate PURE RESIDENCE-BASED TAXATION FOR ALL!
Comments (1)
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As I like to say, the Dems are slaving a band aid on a shark bite.
Thursday Nov 25, 2021
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