Expats.cz - New bills set out to end dual taxation for Americans abroad, increase benefits

Speaking to Expats.cz this morning, Brandon Mitchener, executive director of Tax Fairness for Americans Abroad (TFFAA), praised the proposal. He stated: “This act would free millions of Americans from having to pay costly expat tax advisers just to prove they owe no U.S. taxes.” He also noted: “The bill would stop foreign financial institutions from discriminating against Americans living overseas.”

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If passed, the legislation would provide relief to Americans born abroad or those who have lived overseas since 2010 or after turning 25. Future expatriates would qualify for residence-based taxation after a transition period. However, high-net-worth individuals would face a "departure tax" to prevent tax evasion.

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