Draft Bill to be Reintroduced in U.S. House for Residency-Based Taxation of Individuals
According to recent reports, U.S. Congressman George Holding (R-NC) is working with the Joint Committee on Taxation and the House legislative counsel on a revised draft of the Tax Fairness for Americans Abroad Act, which was first introduced in the House of Representatives as Bill H.R. 7358 in December 2018. The bill would allow U.S. citizens living/working overseas to elect to be treated as a…
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