May 28, 2018 Update on TTFI with Solomon Yue in Hong Kong

Solomon Yue, CEO of Republicans Overseas, will be in Hong Kong on May 28, 2018.

Please join us at 6:30 – 8:00 pm for an update on Territorial Taxation for Individuals.

Mr. Yue will discuss his recent visits to Washington, D.C., the progress being made on Territorial Taxation for Individuals, and the impact this would have on businesses owned by overseas Americans. He has been involved with drafting the TTFI bill and will discuss what can be publicly shared.

Please email us for more information if you have not received the invitation.

The meeting is free for members of Republicans Overseas, but costs $20 USD for non-members.

Treasury grants two month extension on repatriation tax

The Department of the Treasury has granted a two month extension for making the first payment of the Repatriation Tax included in the Tax Cuts & Jobs Act of 2017.

The full advice from the Treasury can be read here.

The relevant information on the Repatriation Tax can be found on page 36. A picture of the relevant page is included at the top.

Our understanding is that this extension is granted automatically and without having to apply for it, but we do urge individual business owners to seek professional tax advice if in doubt.

Republicans Overseas thanks everyone who signed a petition, both ours and that sponsored by Monte Silver. We still have more work to do, but we now have a little more time in which to accomplish it.