Keeping you up to date

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Republicans Overseas petition Congress for Territorial Taxation

Republicans Overseas (RO) has launched an initiative to gain support for Territorial Taxation for Individuals.

Territorial Taxation for Corporations was passed under the Tax Cuts and Jobs Act of 2017 (‘TCJA’). However, individuals were not included in that legislation.

We certainly support the effort of RO to address our taxation issues and would highly recommend that you sign the petition. However, we are still awaiting a bill for us to see. once we see the legislation, we will be able to critique the legislation. Until then, only having a title of the Bill makes it difficult for us to blindly recommend the Bill.

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ADCT Has Added FATCA Denial of Service Library

ADCT has begun to document actual Financial Service rejections that Americans abroad receive. These actions close out US Tax persons from basic financial services. These financial institutions close us out as a direct result of FATCA legislation.

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Looking for stories of people who have faced Renunciation of US citizenship

Patricia Moon at the Isaac Brock Society is looking for stories of people who have faced Reunification of US citizenship. We are expecting the State Dept. numbers for the 4th Quarter and they should be very high. When that happens, we actually get a little press. Having true stories of people who have faced this hard decision are very valuable.

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