February saw a massive number of legislative attacks on American emigrants and their children by ignorant or malign (un)Representatives which are only now coming to light as the Government Printing Office finishes typesetting and publishing the hundreds of pages of proposed laws. We’ve already discussed the various recent bipartisan attempts to repeal the Foreign Earned Income Exclusion, but another frequent theme is increasing the tax and compliance burdens on so-called “Controlled Foreign Corporation owners” and “outsourcers”, including people who have lived outside the U.S. all their lives but got the inherited genetic disease of U.S. citizenship from their parents. So here’s an overview of the latest proposals to make your life more difficult, whether you’re an employee or a boss.
