Comparison of RBT, TTFI and CBT

Republicans Overseas has compiled a comparison of the world’s two major income tax methods: residence based taxation and territorial taxation. We’ve added the United States’ citizenship based taxation to demonstrate that overseas Americans would be better off with TTFI.

You can access a PDF copy here:   RBT vs TTFI postcard

“How to Stop Foreign Billionaires from Gaming the US Tax Code”

 – The Washington Times – Thursday, September 21, 2017

ANALYSIS/OPINION:

How do Republicans win in 2018, let alone in 2020, when their president’s approval rating is lower than Hillary Clinton’s self-esteem?

Easy: 5.7 million Americans who live and work abroad are registered and qualified to vote by absentee ballot.

Why’s that a big deal when we already have 194 million registered voters inside our borders, 135 million of whom voted last Nov. 7?

Remember absentee ballots in one state, Florida, won George W. Bush the presidency in 2000.

Read the full article at the Washington Times.

 

 

Non-Americans Enjoy Preferential Tax Rates on US Investments Over US Citizens

Currently non-Americans have very preferential (0-10%) tax rates on dividends, interest and capital gains earned in America while Americans are hounded by the IRS around the world at 38% tax rates on every penny earned outside of America.

Here are the tax rates enjoyed by non-Americans on American investments:

  • Dividends 5-15%
  • Interest 0%
  • Gains 0%

If we believe America First means US citizens first, then non-Americans should pay the same dividends, interest, and capital gains taxes as 322 million stateside and 9 million overseas Americans.

We will bring this issue to the White House on October 2, 2017.

Write a letter to President Trump to support putting US citizens first!

Sign the petition!

Would you like to see the language granting these tax rates to non-Americans? Then please read the US Model for tax treaties.

Help RO get out the word about the TTFI Letter Writing Campaign!

Please help us to spread the word about our Letter Writing Campaign and Petition!

You can forward our TTFI Airmail Postcards:

You can click to tweet:

Tell the White House and Congress to put Territorial Taxation for Individuals into the Tax Reform Package! http://bit.ly/2x1enud

Let’s end double taxation once and for all!

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.

Read more

Interview with Grover Norquist on Tax Reform

Watch Stuart Varney’s informative interview with Grover Norquist on tax reform.

 

Grover Norquist urges adoption of TTFI

Grover Norquist, President of Americans for Tax Reform just wrote to Congressman Kevin Brady, Chairman of the House Ways and Means Committee endorsing Republicans Overseas’ Territorial Taxation for Individuals proposal. Mr. Norquist states, “it is vital that any tax reform legislation includes territoriality for individuals.” Thank you Grover.

Read the letter here.

 

Summary Report on RO’s efforts to replace CBT with TTFI

Summary Report: Asian Republican Coalition and Republicans Overseas Territorial Taxation for Individuals (TTFI) joint team held 26 meetings with Congressional members on the House Ways and Means Committee, Senators on the Senate Finance Committee, and White House officials in the last four days.

Our message is if we want to put America First and increase American businesses’ competitiveness overseas, we must address a 40% premium in hiring Americans working abroad due to our Citizenship Based Taxation – double taxation on expats’ worldwide income. Replacing CBT with TTFI will allow U.S. companies to hire more American professionals and managers who are the most effective advocates for and exporters of American-made goods and services. Increases in American exports will create more jobs within the U.S.

Everyone whom we met agreed that our TTFI makes sense and is consistent with President Trump’s America First agenda. Some had personal stories to relate, like Congresswoman Jackie Walorski who moved to Romania in 2000 and founded Impact International providing medical supplies to impoverished children there.

From left: John Ying, Chairman of Asian Republican Coalition, Congresswoman Jackie Walorski, and Solomon Yue, Vice Chairman of Republicans Overseas

Ask President Trump to Repeal FATCA and Enact TTFI

President Trump’s administration is sending out an Official Tax Reform Survey to ask voters about tax reform.

Please fill out the survey and make sure to mention in one of the ‘other’ boxes that he should repeal FATCA and move towards TTFI (territorial taxation for individuals–previously called ‘RBT’ – residence based taxation).

Thank you!

 

 

RO releases a white paper on Territorial Taxation for Individuals

Republicans Overseas releases a White Paper on Territorial Tax Reform for Individuals.  Consistent with the proposals being considered for corporate tax reform, worldwide taxation for individuals should be replaced with a territorial system.  A territorial system for individuals would:

  • Promote the exports of U. S. goods and services
  • Increase the soft power and reach of the U.S.
  • Encourage skilled immigration to the U.S.
  • Discourage citizenship renunciation by U.S. Citizens and encourage repatriation of wealth from overseas
  • Eliminate unfair double taxation of U.S. Citizens
  • Enhance U.S. national security by removing the sharing of sensitive personal information with unfriendly countries
  • Substantially reduce the size and cost of the IRS

Read the white paper here:  Territorial Tax Reform Proposal (Jan 6, 2017)