Leaked Memo! Major Tax Reform And Impact On U.S. Persons Abroad
Virginia La Torre Jeker, J.D.
US International Tax (NY Bar 1984- current), Forbes Contributor, Forbes, Top 100 Tax Twitter Accounts; Bloomberg Tax Pro to Follow and Bloomberg Tax Author; Quoted NYT, WSJ, Newsweek
A recently leaked memorandum has revealed significant tax reforms under discussion in the U.S. House of Representatives. Americans abroad can benefit if these become law. Repeal of the estate tax, and possible shifts away from worldwide tax on those living and working overseas, changes that benefit U.S. owners of foreign businesses.
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