U.S. Expat Taxes Drive Americans to Give Up Citizenship
TIME - Chicago native Ben loves his country and is proud to be an American. Yet the longtime resident of Melbourne has just relinquished his U.S. citizenship. "This is not something I did lightly or happily, but I saw no other choice," says Ben, a businessman who became an Australian citizen two years ago. Read more: http://www.time.com/time/world/article/0,8599,1983238,00.html?artId=1983238?contType=article?chn=world
FYI - Taxation News
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Even Artichokes have Hearts: Policy for US workers abroad is impractical The Daily Aztec, by Reneé Villaseñor – Government regulations should be reformed to no longer hurt expatriate workers. The U.S. is the only industrialized country that taxes its citizens on income...
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More American Expatriates Give Up Citizenship New York Times, by Brian Knowlton, WASHINGTON — Amid mounting frustration over taxation and banking problems, small but growing numbers of overseas Americans are taking the weighty step of renouncing...
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U.S. Expat Taxes Drive Americans to Give Up Citizenship TIME - Chicago native Ben loves his country and is proud to be an American. Yet the longtime resident of Melbourne has just relinquished his U.S. citizenship. "This is not something I did lightly or...
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Take Action Now!
Write to your own Congressman and Senators to urge them to support the Working American Competitiveness Act recently reintroduced by Senator Jim DeMint (R-SC) and Congressman Gregory Meeks (D-NY).
It goes far in remedying the effects of the tax increase imposed on overseas Americans by the recent tax legislation.
Please tell your representatives in Congress to vote for this bill!
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