Republicans Overseas supports Monte Silver’s GILTI tax case vs. IRS

Marc Zell, RO Legal Counsel and RO Israel Chair is  legal counsel for Monte Silver in his regulatory challenge to IRS regulations issued under the Transition Tax and GILTI tax provisions of the 2017 Tax Cut and Jobs Act. The IRS tried to dismiss the Transition Tax case and failed.

Last month they filed a motion to dismiss the GILTI Tax case. Yesterday we filed our opposition to the Government’s motion to dismiss.

Republicans Overseas is supporting the Silver litigation in favor of small businesses and expats. This is also covered by our proposed Executive Order transmitted recently to Chief of Staff Mark Meadows by Solomon Yue.

Read the motion here.

Republicans Overseas has asked for an Executive Order to alleviate tax & regulatory burdens

Republicans Overseas has sent a letter to White House Chief of Staff Mark Meadows, urging him to ask President Trump for Executive Orders that would:

  1. Exempt small businesses from the GILTI and Transition Taxes;
  2. Create a Commission on Overseas Americans to consider remedies for the harms done to Americans abroad via onerous regulations such as FATCA;
  3. End citizenship-based taxation by instructing Treasury to redefine “individual” in Section 1 of the 1913 Tax Code to ‘resident of the USA

We hope that President Trump will consider extending tax and regulatory cuts to overseas Americans.

 

 

RO Files Amicus Brief in SILVER vs. IRS

Republicans Overseas has filed an amicus brief in SILVER vs. IRS. Monte Silver and his team have found a clever way to go after the IRS and potentially stop the ongoing implementation of the repatriation tax This is due (in laymen’s speak) to provisions in the IRS that prohibit laws that unduly burden small businesses.

You can read the amicus brief here.