As various expat organizations ramp up their efforts to persuade Washington lawmakers to move the U.S. away from its Civil War-era taxation regime, which is based on citizenship rather than residency, the Association of Americans Resident Overseas has revealed that 90% of more than 400 U.S. expats it surveyed last October and November support such a change.
Convincing Congress and the Biden Administration of the need for the U.S. to move to a "residence-based" system of taxation is the No. 1 focus of American expatriate advocacy groups around the world right now.
An American country music singer and songwriter, who decades ago founded an American country music band known as the Moody Brothers, has written and recorded a ballad about the travails experienced by those who were "born in America, not by choice," aka as "accidental Americans."
The fact that all American citizens resident in Britain must pay capital gains tax to the U.S. when they sell their "primary residence" in the U.K. is better known among American expats than it was some years back, when the current British prime minister and then-dual U.S./British citizen, Boris Johnson, was hit with such a tax after he and his wife sold their London townhouse in 2009.
On Wednesday (June 16), viewers of a "virtual" three-hour, full Senate Finance Committee hearing on the subject of President Biden's Fiscal Year 2022 budget were witness to a rare, 6 minute, 42-second exchange between Sen. Elizabeth Warren (D, Massachusetts) and Treasury Secretary Janet Yellen, about Elizabeth Warren's so-called "Ultra-Millionaire Tax."
While some expatriate Americans have been receiving and depositing or cashing their U.S. Economic Impact Payments without a problem, others continue to struggle. Fewer non-U.S. banks are willing to handle checks, while the IRS is still not sending money to expats’ overseas bank accounts...
