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2008 Articles
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Tax Briefing: April 7, 2008.Posted: Monday 07, 2008 |
On April 7, 2008, Russell Fisher,
a Senior Manager
in the U.S. individual income tax services at
PricewaterhouseCoopers LLP Singapore office, briefed a crowd
of 50 AmCham members on “The Expatriate Tax Update of 2007-
2008”. With Russell’s
help we all learned quite a bit about filing as an American
living abroad. To view Russell’s presentation and the
handouts he gave us, please click on the link below.
PwC IAS Global Watch United States Key Tax Rates
2007/8
Expatriate Tax Issues for 2007/8 Hand Out
PwC Expatriate Tax Issues for 2007/8 |
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Description: IRS Tax Seminar
Posted: Tuesday March 25, 2008 |
Matilde Tamburrini of the IRS
briefed American Expatriates and Green Card Holders on the
best way to file their taxes this year. This briefing was
held at the U.S. Embassy.
U S Citizens-Resident Aliens-2007.pdf
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2007 Articles
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Alliance for a Competitive Tax Policy
Posted: Thursday 11, 2007 |
...what the Asia Pacific Council
of American Chambers (APCAC) and the AmChams are doing to
counter the significant tax increases faced by American
expats this year. APCAC and the Asia Pacific AmChams have
been working very hard to address this problem on behalf of
the their members and the American community.
...summary of what has transpired and what we are continuing
to do... |
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2006 Articles
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Treasury Dept. Notice
Posted: Wednesday 11, 2006 |
Notice from the Treasury Dept. concerning adjustments to the limitation on housing expenses for purposes of section 911 of the Internal Revenue Code for specific locations, on the basis of geographic differences in housing costs relative to housing costs in the United States.
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| AmCham Singapore White paper
Posted: Wednesday 11, 2006 |
AmCham Singapore White Paper on the taxation of the earned income of US Citizens abroad
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US Chamber Update on Recent Advocacy Efforts
Posted: 23 August, 2006 |
Update from John Murphy, Vice President, International Affairs, U.S. Chamber of Commerce
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DeMint Bill
13 June, 2006 |
June 13th, 2006 - Washington D.C. - Today, U.S. Senator Jim DeMint (R-S.C.) introduced S.3496, the Working American Competitiveness Act, legislation that would eliminate the cap on income Americans working abroad can earn without being double taxed. |
Report to the Congress by the Comptroller General of the United States - February 1981 American Employment Abroad
Discouraged By U.S. Income Tax Laws |
"To adequately promote and service US products and operations in foreign countries companies employ a large force of U.S. citizens abroad. GAO surveyed a group of major U.S. companies which reported that US tax provisions established by the Foreign Earned income Act of 1978 are a major disincentive to employment of U.S. citizens overseas." |
Territorial Taxation for Overseas Americans: Section 911 Should Be Unlimited, Not Curtailed
Posted August 8, 2006 (ACB) |
By Daniel J. Mitchell, Prosperitas, a publication of The Center for Freedom and Prosperity, May 2005. Daniel J. Mitchell is the McKenna Senior Fellow in Political Economy at The Heritage Foundation.
letter is dated May, 2005
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History of Expat Taxation
Posted August 8, 2006 (ACB) |
A study from the ACA (American Citizens Abroad) titled A BRIEF HISTORY OF U.S. LAW ON THE TAXATION OF AMERICANS ABROAD. The study details expatriate taxation law from 1861 until 1998. ACA 5 rue Liotard, CH-1202 Geneva, Switzerland
Ph & Fax: +41 (0)22 3400233 e-mail: acage@aca.ch
http://www.aca.ch/index.htm
Article forwarded by Archie Parnell
paper is undated
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US Chamber letter to Rep. Chocola
Posted August 7, 2006 (ACB) |
A letter to Chris Chocola, Republican Representative from Indiana, commending him for the introduction of H.R. 5986, the “Working American Competitiveness Act of 2006.
H.R. "5986 plays an important part by equalizing the tax treatment of U.S. and foreign workers."
letter is dated August 2, 2006
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ABCGC response to Grassley Background Paper
Posted July 24, 2006 (ACB) |
American Business Council of the Gulf Countries (ABCGC) responds point by point to the Background Fact Sheet on Section 911 prepared by Sen. Grassley's Staff.
The full text of the Grassley Paper is available below.
Document dated July 19, 2006
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APCAC Position Paper
2 June 2006 |
Asia-Pacific Council of American Chambers of Commerce issued this position paper on June 2, 2006 |
| Sample Fax |
Right click and then select "save target as" to download the MSWord doc file
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| Price Waterhouse Coopers Analysis |
A study prepared by PWC under the direction of the ASEAN AmChams that details the effect of TIPRA legislation on the American economy |
| Sen. Grassley's Background Paper on Section 911 |
A background paper prepared by Senator Grassley's (R. Iowa, Chairman, Senate Finance Committee) Finance Committee Staff
On-line Directory for contacting Congress
Link to this page and find the phone, fax and email info for your senator or congressman. |
| TIPRA Voting record |
Link here if you'd like to see how your Senator or Congressman voted on the TIPRA bill.
NOTE: It is very important to keep in mind that Members of Congress did not cast a yes vote for the TIPRA bill for reasons connected to Section 911.
The Section 911 provision was not in the House or the Senate bills, but was added at the last minute to "pay for" tax cuts that were in the final version. |
| Text of new law |
2006 The Tax Increase Prevention and Reconciliation Act of 2005 ("TIPRA") amends section 911 in three principal ways... |
| How will Tax changes effect you? AmCham Town Meeting Presentation |
Link here to down load the PDF version of the presentation by Cheri Mersey of Ameritax and Nick de Boursac AmCham Exec. Director. |
| News Articles (Some articles available. We are seeking permission to post others from the publishers) |
24 articles from The Wall Street Journal, International Herald Tribune, The Economist, Washington Post, New York Times, Bloomberg, The Standard-Hong Kong, and
The Business Times, Singapore |
“Due to the changes (TIPRA/911) just enacted…we are forced to reduce our Southeast Asia staff by 3 people..."
Full quote"(We) expect to owe $20,000 to $25,000 more in U.S. taxes, up from $5,000 last year..."
Full quote
"we go up ...a grand total of US$28k"
Full quote
"Why is the government trying to discourage American from working abroad? The US needs to be motivating people to reduce the trade deficit and improve the economy rather than reducing the incentives."
Full quote
"The Dean (said with) regret, that he had to increase recruitment in the UK and Australia, whose expat professors do not suffer tax disadvantages ...coming to Hong Kong."
Read full quotes from above and more here
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