A vocal critic of the Internal Revenue Service’s passport revocation program, the National Taxpayer Advocate recently announced that she had issued hundreds of orders prohibiting the IRS from certifying taxpayers for passport denial or revocation. The IRS began implementing its passport denial/revocation program on January 22, 2018 (see prior coverage here, here, and
Could U.S. Tax Reform Include An End to Citizenship-Based Taxation?
With tax reform a hot topic in Washington, key Republican lawmakers in Congress are considering a major change to the U.S. tax system: eliminating citizenship-based taxation and moving to a residence-based system, according to a report in today’s Financial Times (subscription required) and also reported by Bloomberg. Under current law, U.S. citizens are taxed