Resources

American Citizens Abroad Global Foundation Free Webinar "Parting the Veil: Analyzing the Revenue Effects of Residence-Based Taxation (RBT)"

An in-depth presentation on analyzing the revenue effects of RBT.

A move is afoot to enact Residence-Based Taxation (RBT) in lieu of Citizenship-Based Taxation (CBT). CBT taxes US citizens on their worldwide income no matter what – regardless of where they reside, where they work or where their income originates. Under RBT, individuals who truly reside in a foreign country would not be taxed by the U.S. on their foreign income, only on their U.S. income. RBT is the approach used by every other industrialized country.

 

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