The Southern Illinois Univerisity Law Journal has just published an article by SEAT co-founder Laura Snyder.
The article is titled “The Unacknowledged Realities of Extraterritorial Taxation.”
The full article can be accessed at this link.
The article’s abstract:
The U.S. extraterritorial tax system has evolved such that today it is more consequential than one century ago. The system, conceived in the stigmatization of overseas Americans, consists of highly penalizing taxation and banking policies that make it difficult for overseas Americans to live normally. The IRS is also a victim: it is unable to administer the system.
Many have sought to educate policymakers and the public. Detailed survey reports have been issued, documenting how overseas Americans experience the system. Research articles have been published, exposing certain problems of the system and, in some cases, proposing solutions.
To date, such efforts have failed to effect change. This is for several reasons: the continued stigmatization of overseas Americans, the high complexity of the system and misunderstandings about it, and the lack of political influence.The academic press is replete with theories about why overseas Americans should be subject to worldwide taxation by the United States. For change to occur, it is important that the academic press looks beyond those theories to acknowledge the full import, complexities, and consequences of the system in place today.
Consult the full article here.