Former IRS Leaders Endorse Residency-Based Tax For Americans Abroad
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In a recent op-ed for Tax Fairness for Americans Abroad, Mr. Rettig, who served as IRS Commissioner from 2018 to 2022, and Mr. Cullinan, former Counselor to the Commissioner, laid bare the human and economic toll of the current U.S. tax system. Their endorsement isn't mere rhetoric. This is a wake-up call to Congress from top-placed insiders who know the IRS' inner workings intimately.
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Another perk of the LaHood bill? It proposes issuing nonresidency certificates to eligible taxpayers that could be presented to financial institutions abroad, exempting them from FATCA reporting requirements. “It is a simple, technical fix but one with life-changing consequences,” Rettig and Cullinan wrote.
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