The proposal targets the millions of Americans living abroad who are eligible to vote in the November 5 presidential election, but for them it would tax citizens on their worldwide income regardless of where they live. This American policy has long been controversial.
“To all Americans living abroad, your vote matters now more than ever,” President Trump said in a statement. “No matter where you are, your voice can make a difference.”
Campaigners such as the advocacy group Republicans Overseas argue that a residence-based tax policy similar to those in other countries would be fairer, reduce administrative burdens and allow some people to pay taxes on the same income. I have long maintained that it will disappear.
Republicans abroad said in an article. Last week's news release After more than a decade lobbying politicians for reform, he said he had secured President Trump's support for the move, which he said would be “life-changing for millions of people.”
President Trump's statement did not provide specific details of his proposal regarding double taxation.
