Overseas Americans ramp up bid for tax relief http://t.co/DnK4gkvh2V – the anti CBT and anti #FATCA movements are getting traction
— U.S. Citizen Abroad (@USCitizenAbroad) May 6, 2015
The post referenced in the above tweet references another interesting article on the blog at the Hill. Excellent opportunity for comments.
It begins with:
Organizations representing millions of Americans who work abroad are storming Capitol Hill in a push for tweaks to tax and banking policy.
American Chambers of Commerce (AmChams) operating in various countries all over the world collectively represent about 6.5 million U.S. citizens living outside the country.
Some, such as the AmCham Abu Dhabi, are stepping up their Washington advocacy, visiting with business groups, lawmakers and administration officials, just as Congress grapples with tax reform.
Their message: Well-meaning policies aimed at stopping money laundering and offshore tax evasion have translated into unworkable realities for Americans overseas.
“Our intention coming onto the Hill was to educate and present our case — what we’re facing, in terms of challenges in living abroad,” said Sharief Fahmy, chairman of AmCham’s public affairs committee for the U.S. and the United Arab Emirates.