Please ask Congress to include Territorial Taxation for Individuals in the upcoming tax reform package. Sign the letter below…

Dear Congress...

Dear Speaker Paul Ryan of the US House of Representatives, Chairman Kevin Brady of the House Ways and Means Committee, Majority Leader Mitch McConnell of the US Senate, and Chairman Orrin Hatch of the Senate Finance Committee:

Please include Territorial Taxation for Individuals into the Tax Reform Package currently under review by the House Ways and Means Committee and the Senate Finance Committee.

The United States is the only developed country that implements a system of citizenship based taxation (CBT) which requires overseas Americans to pay taxes both to their host country and to the United States.

This system is detrimental to the interests of the United States and creates huge complexity and inequity.

Including Territorial Taxation for Individuals into the Tax Reform Package would:

  • End discriminatory double taxation of overseas Americans.
  • Make employing Americans overseas more affordable.
  • Increase American exports. More Americans working overseas would lead to more exports of American goods and services.
  • Attract skilled immigration to the U.S. and support the RAISE ACT by removing serious tax implications for skilled immigrants’ foreign businesses and income.
  • End the discriminatory costs of tax compliance on overseas Americans.
  • Eliminate current loopholes that allow wealthy foreigners not resident in the United States to generate substantial income in the United States without paying their fair share of tax.
  • Make current tax codes simpler for nine million overseas Americans.

Territorial Taxation for Individuals should be included in the Tax Reform Package for the benefit of increasing U.S. exports and creating more stateside jobs.