Thread by @ExpatriationLaw

@AmerIronCurtain @BlognDog @AmExpatFinance @CrossBriton @tconsult @ACAVoice @CitizenshipTax 1. Look at the various lawsuits. Not a single one so far is focussed on ending @Citizenshiptax. 2. Look at @Demsabroad and @ACAVoice - neither has the slightest interest is severing citizenship from @taxresidency. 3. Individuals follow the various orgs. ...

@AmerIronCurtain @BlognDog @AmExpatFinance @CrossBriton @tconsult @ACAVoice @CitizenshipTax @DemsAbroad @TaxResidency 4. Complexity: Very difficult to understand all the moving parts and how they integrate. 5. Unbelievable ignorance of the the tax compliance community (making claims like treaties prevent double tax and this form is only an information return which doesn't result in tax owing ...

@AmerIronCurtain @BlognDog @AmExpatFinance @CrossBriton @tconsult @ACAVoice @CitizenshipTax @DemsAbroad @TaxResidency 6. Confusing symptoms/result of the problem (PFIC, #GILTI, etc) with the actual problem problem @citizenshiptax 7. Believing that not filing (personal solution) is somehow a general solution ...

@AmerIronCurtain @BlognDog @AmExpatFinance @CrossBriton @tconsult @ACAVoice @CitizenshipTax @DemsAbroad @TaxResidency 8. Not filing and therefore not experiencing the effects of @citizenshiptax and therefore not understanding why this is an issue 9. A belief that @citizenshiptax is generally good to prevent tax evasion/etc. but desiring carveouts (like H.R. 5800) that might exempt them (for now)

@AmerIronCurtain @BlognDog @AmExpatFinance @CrossBriton @tconsult @ACAVoice @CitizenshipTax @DemsAbroad @TaxResidency 10. They are Americans which means they have only known "taxation based citizenship". It's an identity issue. How can they be American but not be taxed? There are ten reasons - but the #FATCA is that individuals/groups do NOT support severing citizenship from @taxresidency.

@AmerIronCurtain @BlognDog @AmExpatFinance @CrossBriton @tconsult @ACAVoice @CitizenshipTax @DemsAbroad @TaxResidency @threadreaderapp unroll