Fund raising effort to fund a lobbyist against Repatriation tax and GILTI
As you know, because of many efforts by many different organizations and individuals, including several hundred petitions being sent to the US Treasury, the IRS has communicated a delay in the first payment of the Repatriation tax until June 15th. We have that much time to get a decision out of the Treasury in regard to this and the impact that it has on individual business owners abroad.
Monte Silver started a crowdfunding initiative to finance a lobbyist to help influence this decision.
We strongly encourage any business owner to contribute to this funding. We find it disgusting to have to do this, but it is likely highly needed. If the funding goals are not met, Monte has promised that your money, minus any fees of the platform, will be returned. Your help is needed!
After enquiring about definite goals and other questions, the following answer was given to me by Monte Silver:
What services are involved?The services we seek to retain as the Tax lobbying services of the DC firm Capitol Tax. See capitoltax.com and specifically the bio of Jon Talismans. See his and his team’s bio at https://www.capitoltax.com/
team. Why Jon and his firm: (1) Everyone I met, from the Senate Finance committee, to the Treasury, the the Congressional Joint Committee on Taxation recommended him and his firm. They told me that he is the best there is in the tax lobbying business. (2) He has been very valuable to me up till now, on a pro-bono basisWhat is the brief for the work?The work is clear:
Stage 1 – interact with Treasury to get us the relief we want. Here is the problem we face without him. I met all the relevant DC government people a month ago. They are all very busy and though they are all sympathetic, they have so much on their plate that we may be falling between the chairs. Yesterday, Marc Zell (VP RO Middle East and based in Israel) who I know very well and who has been doing a lot for the cause (thx Marc), met senior IRS people and is meeting W&M committee today. I arranged for Solomon to meet Treasury next week. At the meetings, everyone is nice and smiley. BUT HOW DO WE KNOW IF THEY ARE DOING ANYTHING FOR US BEYOND MEETING US? WE DO NOT KNOW!!!!!!!!!!!!!!!!!!!!! If we do not have someone on the ground who is well connected and who is pushing our agenda, then we have no visibility as to what is happening
How will you measure success?
Where will the money actually go/be spent?”