Millions of American citizens working overseas could see their tax bills reduced as Republicans move towards eliminating a requirement for expatriates to pay taxes both overseas and in the United States.
Kevin Brady, the Republican head of the House ways and means committee, which is drafting a tax reform bill, said that members of Congress were considering the measure, which has been the focus of lobbying by Republicans Overseas, a group of party donors around the world.
The Internal Revenue Service in the United States claims tax from American expatriates for earnings over $100,000
SUSAN WALSH/AP
“It is under consideration,” Mr Brady told the Financial Times at a Christian Science Monitor breakfast. “Lawmakers representing that area of the tax code have made that case.”
About 8.7 million Americans live outside the US, excluding military personnel, according to the Association of Americans Resident Overseas. For…
