Leaked Memo Includes Major Tax Reform And Impacts U.S. Persons Abroad

Leaked Memo Includes Major Tax Reform And Impacts U.S. Persons Abroad

A recently leaked memorandum discussed by JD Supra, has revealed potential tax reform under discussion in the U.S. House of Representatives. These share some key elements with President Donald Trump’s tax reform proposals, reflecting a coordinated effort to implement significant change.  The leaked information contains changes that could reshape the tax obligations of U.S. persons living abroad and those of multinational business owners. Aside f…