The tax-writing committee of the U.S. Congress has published a report that promises to change the nation’s tax system and provide appropriate treatment of individuals living and working abroad in today’s globally integrated economy.
The promise was noted and forwarded by the American Citizens Abroad, Inc., an expat advocacy group.
The report by the House Ways and Means committee, also says that the U.S. Internal Revenue Service has become a prime example of executive branch overreach, blatant misconduct, and government waste. The report promises to restructure the IRS and also to cut tax rates to stimulate business.
Expat organizations have been fighting for better treatment from the tax agency that has a number of rules that hamper financial activities by those citizens living abroad.