Bright!Tax Supports ACA's Residency-Based Taxation for Expats Campaign
The US is the only developed country with a citizenship-based tax system, meaning that all American citizens, including those who live abroad, are required to file US taxes.
NEW YORK, Sept. 18, 2019 /PRNewswire-PRWeb/ -- Bright!Tax is proud to support ACA's residency-based taxation campaign that aims to alleviate the current requirement for Americans living abroad to pay US taxes on their worldwide income.
Bright!Tax is a leading US tax specialist for Americans living abroad with expat clients in over 190 countries.
Every day, the team at Bright!Tax talks to expats around the world and hears first hand the ways the US tax system affects their lives.
Greg Dewald, Bright!Tax founder and CEO, said: "At Bright!Tax our core mission is making our expat clients' lives easier, and we're proud to support ACA's new campaign."
ACA is a voluntary organization that has been advocating on behalf of Americans living abroad since 1978. It is best known for its campaign for residency-based, rather than citizenship-based, taxation.
The US is the only developed country with a citizenship-based tax system, meaning that all American citizens, including those who live abroad, are required to file US taxes.
The new ACA campaign is called "Tax Fairness for Americans Abroad: An Idea Worth Fighting For!" The campaign is asking American expats around the world to fill in a form to help lobby the US House Ways and Means Committee to conduct hearings on the ways US tax laws are affecting the over nine million Americans who live abroad.
ACA Legal Counsel Charles Bruce recently told Bright!Tax: "ACA is pushing almost daily on a wide range of matters, big and small. This includes residency-based taxation. The focus at the moment is on getting Congressional hearings on the subject of taxation of Americans abroad. We were successful, with others, in getting a residency-based taxation bill introduced by Congressman Holding. This 'broke the ice' on the subject. What would be several times more impactful would be getting hearings before the House Ways and Means Committee, or the Subcommittee on Select Revenue Measures, on the broad subject of taxation of Americans abroad. We need everything to be put on the table. This will 'smoke out' all the very useful details. More importantly, with those details out on the open, Members will feel much more confident about moving ahead with enactment of residence-based taxation."
ACA also provides expats with an online tool to help them find support with achieving and maintaining US tax compliance from abroad at http://www.acareturnpreparerdirectory.com. The directory is due to be relaunched shortly in a modernized and expanded form.
To find out more about ACA's new campaign, go to https://www.americansabroad.org/tax-fairness-for-americans-abroad-an-idea-worth-fighting-for/.
Bright!Tax (brighttax.com) is an award-winning, leading, specialist provider of expat tax services for Americans living abroad.
SOURCE Bright!Tax US Expat Tax Services
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