Thanks to comment on Brock from *Johnson*. Good find by Johnson, but merely a mention of individual expat submissions from the Senate International Tax Reform Committee.
The Senate International Tax Reform report is out.
It’s 82 pages all about corporate taxes until the final paragraph where they acknowledge receiving a large number of submissions from US expatriates regarding individual international tax issues. But they aren’t going to do anything about it.
In skimming through this, I see that there is reference to individual taxation issues (what is presently in place, I think).
This is what the final section, the one we’re most interested in, says (and doesn’t say):
F. Overseas Americans
According to working group submissions, there are currently 7.6 million American citizens living outside of the United States. Of the 347 submissions made to the international working group, nearly three-quarters dealt with the international taxation of individuals, mainly focusing on citizenship-based taxation, the Foreign Account Tax Compliance Act (FATCA), and the Report of Foreign Bank and Financial Accounts (FBAR).
While the co-chairs were not able to produce a comprehensive plan to overhaul the taxation of individual Americans living overseas within the time-constraints placed on the working group, the co-chairs urge the Chairman and Ranking Member to carefully consider the concerns articulated in the submissions moving forward.
Found this link for presidential debate from overseas
http://www.hulkusc.com/watch-fox-news-live-streaming/
They still don’t know what to do with us, or have we just fallen off the radar completely?
United States: Senate Finance Committee Working Group Reports Take Baby Steps Toward Comprehensive Tax Reform:
http://www.mondaq.com/article.asp?articleid=424440&email_access=on
bubblebustin,
Yours is the question of the morning. Are we bloody invisible?
“and the possibility of overhauling the taxation of individuals living overseas”
Well there is a mention.
Their big problem is they are trying to create change that is revenue neutral or more probably positive. In America everything is about profit. They want to make more money off of these changes and not less. In the meantime everybody is running for the hills.
The IRS’s Taxpayer Advocate has been reporting these problems to Congress for at least 4 years.
The only way to get on the radar is to give large campaign donations.