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:
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 over four days.
During their summer meeting, the RNC approved a resolution initiated by Solomon Yue, Jr., CEO and VP of Republicans Overseas, supporting the transition from Citizen Based Taxation to Territorial Taxation for Individuals. Read the approved resolution here.
Republicans Overseas launches a letter writing and petition signing campaign to demonstrate to the White House the strength of overseas Americans’ support for a transition away from citizenship based taxation and towards TTFI. The full campaign details can be found here.
Solomon Yue, Jr., CEO & VP Republicans Overseas, and Michael DeSombre, Worldwide President Republicans Overseas, will deliver the signed letters and the petitions to the White House on the afternoon of October 2, 2017.
Senior members of Republicans Overseas will meet with the House Ways & Means Committee and with the Senate Finance Committee to further discuss the inclusion of Territorial Taxation for Individuals into the Tax Reform Package.