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  • May 24, 2014 5:08 PM | Anonymous

    Entitled  “21st Century Taxation of Americans Abroad: Citizenship-based taxation vs. Residence-based taxation,” the symposium was held on Friday, May 2, 2014 in Toronto, Canada at St Michael’s College where an audience of over 70 participants attended to hear tax, law, banking and finance professionals debate on the tax treatment of overseas Americans. The issue of how to tax Americans living and working overseas is gaining attention as Congress grapples with the challenges facing overseas Americans.

    Marylouise Serrato, Executive Director of ACA, Inc. opened the conference on behalf of the Board of ACA Global Foundation. The morning debate was between two distinguished academics who have recently published groundbreaking papers on the issue of taxation of Americans abroad. Professor Michael Kirsch of Notre Dame University defended citizenship-based taxation (CBT) and Dr. Bernard Schneider, Teaching Fellow at Queen Mary University of London School of Law,recommended residence-based taxation (RBT). Professor Kirsch highlighted the community aspects of American citizenship as a basis for taxation whereas Dr. Schneider focused on the need for the law to adapt to the composition of Americans abroad and the realities faced by long-term overseas residents. The audience was highly engaged during the Q & A session that followed the formal debate.

    The afternoon session looked at the impact of current CBT policies on Americans abroad. Phil Hodgen, of Hodgen Law Group PC presented the legal point of view. David Kuenzi of Thun Financial Investments and Charles Cullen III of RBC Dominion Securities Inc. reviewed some of the restrictions by US law on investments of Americans abroad. Jim Yager, representing the American Chamber of Commerce, presented the issues from the businessperson’s point of view and reviewed the range of US fiscal reporting requirements for both individuals and businesses.  “Significant research and education is needed to bring these issues to the attention of the American public and Congress,” stated Jackie Bugnion in her closing remarks as she encouraged Americans abroad to support ACA Global Foundation through donations, which are tax deductible in the U.S.

    For more information on the conference and on ACA Global Foundation’s work, please visit the ACA Global Foundation website at:  www.acaglobalfoundation.org or contact us at info@acaglobalfoundation.org.

  • February 26, 2014 4:10 PM | Anonymous

    Non-profit foundation recently established to represent the interests of all Americans living and working overseas


    (Washington, D.C) February 26, 2014 – American Citizens Abroad (ACA) Global Foundation announced this week that Thomas L. Siebert has been appointed the newest member of the organization’s board. Ambassador Siebert will bring over 30 years of experience in international business and governmental affairs to the board and help ACA in its mission to represent the interests of all Americans overseas before policymakers in Washington, D.C., particularly on the issues of fair taxation and banking access.

    “I am extremely proud to be joining the ACA board and help elevate important issues affecting Americans overseas which often do not gain enough attention in the halls of Congress and the White House,” said Ambassador Siebert. “Americans overseas are hard-working voters who contribute to advancing  American exports and American business interests  around the world. The perception of Americans overseas needs to change and they deserve to have their voices heard. I look forward to working together with other members of the ACA Board and Executive Committee to make this happen.”

    Siebert served as U.S. Ambassador to Sweden from 1994 - 1998 under President Clinton and is a member of the Council of American Ambassadors. In 1998, he served as Chairman of the International Telecommunication Union (ITU) Plenipotentiary Conference and currently serves on the Diplomatic Council on Energy Security. This Council provides advice to Securing America's Energy Future (SAFE), a nonpartisan, not-for-profit organization committed to reducing America's dependence on foreign oil and improving U.S. energy security. He also serves on the Board of Advisors of the International Criminal Court (ICC) Project which operates within the American Bar Association’s (ABA) Center for Human Rights.

    “Having Ambassador Siebert on the Board with his wide-ranging international experience and strong connections in Washington will be instrumental to helping ACA move its agenda forward,” said ACA Executive Director Marylouise Serrato. “As an organization, we continue to grow and expand our presence in Washington to ensure we are providing tangible results for our membership and the millions of Americans resident overseas.” 

    ACA is currently working to gain support in Congress towards adoption of its residency or territorial-based taxation platform as part of comprehensive tax reform efforts. Doing so will bring the U.S. in line with every other industrialized nation and make America more financially and economically competitive. ACA is also working with the Americans Abroad Caucus, chaired by Congresswoman Carolyn Maloney (D-NY) and Congressman Mick Mulvaney (R-SC), to ensure that all Americans overseas have access to banking services and are not unfairly penalized due to Foreign Account Tax Compliance (FATCA) and Foreign Bank Account Report (FBAR) legislation.

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