RNC approves resolution supporting Territorial Taxation for Individuals
During their summer meeting, the RNC approved a resolution supporting the transition from Citizen Based Taxation to Territorial Taxation for Individuals.
Memo detailing grounds for challenging 6th Circuit Court’s Opinion
James Bopp, Jr. (lead lawyer for the Plaintiffs) and Richard E. Coleson have drafted a memo to analyze the 6th Circuit Court’s decision could and to highlight where the 6th Circuit Court made mistakes in its decision.
Republicans Overseas vows to take FATCA battle ‘to Supreme Court’
By: Helen Burggraf | 22 Aug 2017 | International Investment
‘An anti-FATCA lobbying group led by key US Republican Party members has vowed to take its fight against the Foreign Account Tax Compliance Act to the Supreme Court, in the wake of a US Court of Appeals decision, handed down on Saturday, that affirmed a lower district-court ruling dismissing a legal attempt to derail the legislation.
In a statement on its website, the Republican Overseas Action group said it intends to continue its campaign against the law, arguing that it is causing “real harm” to overseas Americans – contrary, they say, to what the court said in its ruling.
The Court of Appeals ruling found that the plaintiffs – who included Kentucky Republican senator Rand Paul, who has been campaigning against FATCA almost since it was signed into law in 2010 by President Obama – lacked the standing to sue, and that the harms they claimed to have suffered as a result of the law were not, in fact, directly caused by it.’ ….
Read the rest of the full article here.
RO will appeal 6th Circuit Court opinion to the U.S. Supreme Court
The 6th Circuit Court handed down its ruling on August 19, 2017 and found that the Plaintiffs were not suffering any harm as a result of FATCA, and were in no threat of prosecution for not filing FBAR and FATCA forms, and therefore, had no standing to bring the lawsuit.
Republicans Overseas will appeal this decision to the US Supreme Court.
Read the ruling here.
Read the press release here.