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Home > Resources > US Tax Changes > News Articles




US Tax Changes TIPRA/911

Send suggestion for changes to TIPRA/911 Page to abenbow@amcham.org.sg


News Articles (most recent articles listed first)

International Herald Tribune "For U.S. workers abroad, tax bill proves a handicap"
HONG KONG At picnics and dinner parties in the United States, conversations may flit from Iraq to housing prices to hurricanes and perhaps even to Tom Cruise. But for Americans overseas, one subject just won't die down these days: taxes.
Bloomberg News wire

permission requested, pending

"Expatriate Americans, and their Employers, Face a Tax Increase"
For the last decade, a lower U.S. tax bill has been one of the major perks Mark Welles has enjoyed as an American living and working in Hong Kong. Now, those
savings have vanished with the stroke of a pen.

Also includes comments from Nick de Boursac, AmCham Exec. Director.

Wall Street Journal

permission requested, pending
"Our Taxed Expats"
Newt Gingrich and Ken Kies discuss TIPRA's adverse effects on American business.
Washington Post

link to WaPo web site by permission
"Tax Me Once, Shame on You . . ."
Globalization is sending tax rates tumbling across the world, as jobs and capital migrate across borders in search of lower and more equitable taxation regimes. That makes it all the more imperative not only to roll back the recent tax increases on U.S. expatriates, but to eliminate double-taxation of overseas Americans altogether. Thankfully, there's a new bill in front of the U.S. Congress to do just that.
International Herald Tribune

link to IHT website
"Americans abroad see tough fight over taxes"
WASHINGTON Groups representing American expatriates are bracing for a long, uphill struggle trying to persuade U.S. lawmakers to overturn new legislation that imposes higher tax bills on American citizens working abroad.
Economist

permission requested, pending
"Costing more over there"
IN ONE area America's sense of self-defeating imperialism is truly evident: taxation. Unlike most developed countries, America taxes the income of its citizens even when they work abroad. This has long discouraged companies from employing Americans internationally, particularly in expensive places. These reservations were compounded last month when the tax on Americans abroad was increased substantially by a provision included by Charles Grassley, a senator from Iowa, in—ironically enough—a $70 billion tax-cut.
Wall Street Journal

permission requested, pending
"Senator Grassley's Errant Equations"
In response to Sen. Chuck Grassley's letter to The Wall Street Journal Asia on the new tax levied on American expatriates (June 14, 2006, "How Tax Code Change Affects Overseas Workers1"):
The Standard-Hong Kong

Reprinted with permission from The Standard "Expensive American"
"Nothing is certain but death and taxes," wrote Benjamin Franklin, yet expatriates have often been able to avoid the latter. Not Americans, however, whose government taxes them even when they live overseas - just proving, in case there was any doubt, Franklin's yankee credentials.
Business Times Article

permission requested, pending
"US tax law riles American expats"
(SINGAPORE) The American expatriate community is up in arms over a new US law that results in an immediate and hefty hike in their tax bill - and which essentially raises the cost of hiring Americans abroad.
International Herald Tribune IHT website "New bill seeks to ease expat income taxes..."
A Republican senator, Jim DeMint (R. SC) has introduced legislation ...meant to make American businesses more competitive and bring the U.S. system in line with those of other industrialized countries.
Newt Gingrich

2nd article in list

"Dead of the Night Tax Increase"
Congressman Gingrich comments on TIPRA changes and their effects.

www.humaneventsonline.com

  Newt Gingrich

Gingrich opposes 'expat tax'
The Royal Gazette, Bermuda June 1 2006
Jeannine Menzies

Former Speaker of the US House of Representatives Newt Gingrich has called for the repeal of a new law that dramatically hikes taxes on US expatriates living and working abroad. He also said American companies should join him in speaking out against the law since it diminishes competitiveness and will hurt the economy.

From his website, www.newt.org.

Wall Street Journal

permission requested, pending
"How tax code change effects overseas workers"
Senator Grassley rebuts WSJ editorial comment on TIPRA changes as they affect expats (see 24 May below)
New York Times

link to NYTIMES web site by permission will require registration

"Americans Living Abroad Get a Nasty Tax Surprise"
Overview and comments from Hong Kong expat

  Bloomberg

permission requested, pending
"Gingrich Says New U.S. Tax Law for Expatriates Hurts Economy"
A new tax law that boosts tariffs on U.S. citizens working overseas should be repealed because it diminishes American competitiveness and damages the country's economy, Former U.S. Representative Newt Gingrich said.
International Herald Tribune

IHT website
"U.S. TAX LAW SENDS EXPATRIATES REELING"
HONG KONG The sudden, and retroactive, imposition by the U.S. Congress last week of much higher taxes on Americans living abroad has left individuals and companies scrambling to regroup, while many executives and entrepreneurs assert that the move could backfire by hurting U.S. business interests at home and abroad.
International Herald Tribune

IHT website
"U.S. EXECUTIVES WARN EXPATRIATE TAX INCREASE MAY BACKFIRE"
The sudden, and retroactive, imposition by the U.S. Congress last week of much higher taxes on Americans living abroad has left individuals and companies scrambling to regroup, while many executives and entrepreneurs assert that the move could backfire by hurting U.S. business interests at home and abroad.
International Herald Tribune

IHT website
"UNCLE SAM TAKES A BITE OUT OF EXPATRIATE INCOMES"
It may have been sold as a tax cut package, but the document that President George W. Bush signed into law on May 17will mean an extra tax bite for many Americans who live abroad
Wall Street Journal

permission requested, pending
"Lost in Taxation"
WSJ editorial page comments on TIPRA changes.
Wall Street Journal

permission requested, pending "Americans Overseas Assail
Bush's Tax-Rate Boost"
Americans in Hong Kong and Singapore are expressing outrage over a new U.S. law that imposes substantially higher U.S. taxes on citizens overseas. Meanwhile, advocacy groups such as the American Chamber of Commerce are gearing up to lobby the U.S. Treasury Department for relief.
Wall Street Journal

permission requested, pending "Americans Working Overseas
May See Big Jump in Tax Bill"
Many Americans working abroad may be hit with significantly higher tax bills under the new tax law signed Wednesday by President Bush. In some cases, high-paid expatriates could owe tens of thousands of dollars
in additional taxes.
International Herald Tribune

IHT website
"Letters: Taxing Americans abroad"
Congress just approved the Tax Increase Prevention and Reconciliation Act. Apparently "Increase Prevention" does not extend to more than four million "unofficial American ambassadors" overseas.
International Herald Tribune

ITH website
"Americans abroad outraged over tax changes"
BRUSSELS Americans living abroad have reacted angrily to a decision by U.S. lawmakers to approve $70 billion in electionyear cuts that will benefit wealthy taxpayers in the United States but impose what some experts have called the biggest tax increase on American expatriates in 30 years.
International Herald Tribune

IHT website
"Americans abroad face higher U.S. tax bills"
BRUSSELS Americans living abroad reacted angrily Friday after the U.S. Senate approved $70 billion in election- year cuts
that will benefit wealthy taxpayers in the United States but impose what some tax experts called the biggest tax increase on
American expatriates in 30 years.

 
 
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