

Change from a citizenship based form of taxation to a resident based form of taxation so that American expatriates are not double taxed for living abroad


Change from a citizenship based form of taxation to a resident based form of taxation so that American expatriates are not double taxed for living abroad
The Issue
The U.S. is the only industrialized country that imposes citizenship based taxation.
There are thousands of pages of federal laws that apply uniquely to overseas Americans — combined with dozens of different income and estate tax treaties and totalization agreements (aligning social security benefits) — make tax compliance and personal financial planning challenging.
With the implementation of FATCA combined with the IRS crackdown on holders of overseas bank accounts through the OVDP program, overseas Americans have gone from feeling ignored by their home country to feeling persecuted. Treatment by the government as well as the increasing complexity have been key factors cited in the rapidly rising numbers of Americans who have decided to renounce their U.S. citizenship.
Organizations that represent overseas Americans have been doing their best to raise concerns in Washington and through their embassies for many years, though they rarely have felt as though they could influence legislation. That is why we ask you for your support.
Residence-Based Taxation (RBT) for Americans abroad is the only way forward to keep America and Americans abroad competitive in a global economy.
More information watch the youtube video here: https://www.youtube.com/watch?t=52&v=DKFEpAWjeu4

The Issue
The U.S. is the only industrialized country that imposes citizenship based taxation.
There are thousands of pages of federal laws that apply uniquely to overseas Americans — combined with dozens of different income and estate tax treaties and totalization agreements (aligning social security benefits) — make tax compliance and personal financial planning challenging.
With the implementation of FATCA combined with the IRS crackdown on holders of overseas bank accounts through the OVDP program, overseas Americans have gone from feeling ignored by their home country to feeling persecuted. Treatment by the government as well as the increasing complexity have been key factors cited in the rapidly rising numbers of Americans who have decided to renounce their U.S. citizenship.
Organizations that represent overseas Americans have been doing their best to raise concerns in Washington and through their embassies for many years, though they rarely have felt as though they could influence legislation. That is why we ask you for your support.
Residence-Based Taxation (RBT) for Americans abroad is the only way forward to keep America and Americans abroad competitive in a global economy.
More information watch the youtube video here: https://www.youtube.com/watch?t=52&v=DKFEpAWjeu4

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Petition created on July 10, 2015

