New Bill Proposes Residence-Based Taxation for U.S. Citizens Abroad
U.S. Representative Darin LaHood introduced a bill that could fundamentally change how U.S. citizens living overseas are taxed. The proposal seeks to shift from the current citizenship-based taxation system to one based on residency. This would mean that Americans residing abroad would no longer be taxed on their foreign-source income by the U.S. government, provided […]
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