American Citizens Abroad has added this to their site:
Maintain Residence Based Taxation Momentum on the New Web Site for Tax Reform
Maintain RBT Momentum on the New Website for Tax Reform
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Congressman Dave Camp, Chairman of the House Ways & Means Committee, and Senator Max Baucus, Chairman of the Senate Finance Committee, joined forces in May 2013 to launch a new website to update Americans on progress on their tax reform proposals and to allow Americans to share their stories and comments. ACA is very pleased to see this bi-partisan effort to fix the broken tax code. Put this link under your favorites to keep up to-date with tax reform progress: https://taxreform.gov
The inauguration of this website is significant. Both Mr. Camp and Mr. Baucus are determined to produce a tax reform proposal in this Congressional session. They have just 18 months to accomplish a historic tax reform, and it is the last opportunity for both of them as Chairman Baucus retires at the end of 2014 and Chairman Camp must pass over the Chairmanship of Ways & Means at that time.
For Americans abroad, this is our once-in-a-lifetime opportunity to have RBT (Residence-based taxation) adopted. RBT is on the table. We have had positive feedback and will keep up our efforts. Please feel free to add your support for RBT with your personal story.
Roger Conklin, a Director of ACA , has strongly supported RBT by providing the Camp-Baucus tax reform website with a thorough in-depth analysis of why CBT (citizenship-based taxation) is an unmitigated failure for the United States, unfair and prejudicial to Americans abroad, and a hindrance to developing exports. RBT would not only enhance competitiveness of Americans abroad but would also create jobs in the United States and accelerate the development of exports. Roger’s article can be found here..
Thanks for the reminder to tweet them and email them again. Tweet @Simplertaxes
Now that CBT is entering the radar, it’s inevitable that political forces will attempt to derail any changes to the status quo, whether it’s to cover up the atrocities that this administration has brought about or for the continued pursuit of revenue generated from the penalization of those who dare to hold offshore accounts. As USCitizenAbroad wrote: ” it will either be part of tax reform or it won’t”. I hope that the organizations that represent USP’s abroad are working harder than ever to keep our interests on the table at this important juncture.