LaHood Introduces Bill to Modernize Tax System for Americans Living Overseas
December 18, 2024
December 18, 2024
WASHINGTON, Dec. 18 -- Rep. Darin LaHood, R-Illinois, issued the following news release:
Representative Darin LaHood (R-IL), a member of the House Committee on Ways and Means, introduced the Residence-Based Taxation for Americans Abroad Act, a bill that would implement a residence-based taxation system for U.S. citizens currently living overseas.Today, the United States is the only major country that uses citizenship-based taxation, a system that levies taxes on individuals regardle . . .
Representative Darin LaHood (R-IL), a member of the House Committee on Ways and Means, introduced the Residence-Based Taxation for Americans Abroad Act, a bill that would implement a residence-based taxation system for U.S. citizens currently living overseas.Today, the United States is the only major country that uses citizenship-based taxation, a system that levies taxes on individuals regardle . . .