GILTI Tax relief survey announced for American small business owners abroad

Democrats Abroad is talking to Congress about GILTI Tax relief for American business owners abroad, asking for reforms to be included in the legislation they are working on this year.

It is clear that Congress, the Joint Committee on Taxation and the Committees and Subcommittees that have oversight of taxation and of small businesses, lack data on the experience of ordinary American business owners abroad and GILTI tax.

Americans abroad that own small businesses registered as companies in the country they live in can help provide this data. It will help persuade Congress of the need for GILTI reforms to be included in legislation being written this year.

If you are a small business owner, you are kindly asked to complete the GILTI Tax research survey.

GILTI Tax was intended to tax the profits of the foreign subsidiaries of U.S. multinationals like Google, Starbucks and ExxonMobil. Unfortunately, it also taxes the profits of the small- to medium-size businesses Americans abroad have registered as companies in the places where they live.

Democrats Abroad is promoting reforms to re-focus the GILTI tax on U.S. multinational corporations and provide much needed relief to Americans abroad whose businesses are supporting their families and creating their retirement nest egg.

For any questions you may have, please contact one or both of the following addresses below.

DEMOCRATS ABROAD TAXATION TASK FORCE

taxationtf@democratsabroad.org

DA Sweden
http://www.democratsabroad.org/