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Former IRS Leaders Endorse Residency-Based Tax For Americans Abroad
Summary by Virginia - US TAX TALK
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Former IRS Leaders Endorse Residency-Based Tax For Americans Abroad
Nearly a year ago, in the waning days of the 118th Congress, Representative Darin LaHood (R-IL) introduced a groundbreaking piece of legislation that sent ripples through the expatriate community and the international tax world: the Residence-Based Taxation for Americans Abroad Act (H.R. 10468). As I detailed in my earlier Forbes article, this bill represented a bold step toward aligning the U.S. tax system with the rest of the world, shifting f…
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