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)