Overseas Americans are Ordinary People, Not FATCAts
Laura Snyder, 'Overseas Americans Are Ordinary People, Not FATCAts,' 179 Tax Notes Fed. 1345 (May 22, 2023).
4 Pages Posted: 28 Jun 2023
Date Written: May 22, 2023
A recent IRS working paper on the wealth of U.S. persons held outside the United States confirms that overseas Americans are not "fat cats." Rather, they are ordinary people with ordinary income and wealth.
Keywords: FATCA, IRS, Overseas Americans, Extraterritorial Taxation, Citzenship-Based Taxation
JEL Classification: D31, D63, E62, F22, F53, F54, G28, H24, H25, H26, H30, K34
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