This section of the Web site contains AICPA submitted comments and recommendations regarding international taxation legislation.
AICPA Comments on Proposed Expat Legislation
AICPA Outlines Guidance Needed to Clarify New Repatriation Deduction
December 21, 2004. This letter to the Treasury Department discusses AICPA's suggested areas of guidance needed to clarify the new repatriation deduction enacted in the American Jobs Creation Act of 2004. It covers questions specific to reinvestment plans (section 965(b)(4)), questions related to other aspects of section 965, and questions addressed in proposed technical corrections. Learn More>>
AICPA Urges Congress to Reconsider Combining Foreign Income and Foreign Housing Exclusion Limits
June 29, 2004. This AICPA letter to the tax writing committees urges that Congress reconsider combining the foreign income and foreign housing exclusion limits. It states that the proposal would reverse long standing tax policy and might cause a potential loss of U.S. jobs and exports. Learn More>>
AICPA Comments to FASB on Possible Concerns With FASB 109 and FSC/ETI Legislative Proposals
June 4, 2004. These comments submitted to the Financial Accounting Standards Board concern the accounting treatment of the 2004 proposed ETI replacement legislation. This letter discusses the AICPA analysis of the accounting issues related to provisions in S. 1637, the "Jumpstart Our Business Strength (JOBS) Act," and H.R. 2896, the "American Jobs Creation Act of 2003." Learn More>>
AICPA Details International Tax Competitiveness Concerns to Senate Finance Committee
July 15, 2003. This AICPA written statement was submitted for the record of the Senate Finance Committee hearing on international competitiveness. Learn More>>
AICPA Opposes Repeal of Foreign Earned Income Exclusion
May 14, 2003. This letter to Congress opposes repeal of the foreign earned income exclusion, as proposed in Section 350 of S. 1054, the Jobs and Growth Tax Relief Reconciliation Act of 2003. Learn More>>
AICPA Outlines Support of International Tax Simplification Bill
May 1, 2003. This letter to Rep. Amo Houghton outlines AICPA support for the proposed international tax simplification bill H.R. 285. In the letter, various provisions are the bill are listed as reducing complexity and compliance burdens. Learn More>>
AICPA Recommends International Tax Simplifications to Congressional Staff
January 9, 2003. These recommendations on international tax simplification were submitted to the Senate Finance Working Group and include various concerns regarding the overly complex international tax provisions. Learn More>>
AICPA Evaluates the International Tax Aspects of the American Competitiveness and Corporate Accountability Act
October 1, 2002. These comments to Congress evaluate the international tax aspects of the proposed H.R. 5095, American Competitiveness and Corporate Accountability Act. Learn More>>
AICPA Details Problems with Proposed Legislation on Corporate Inversions
June 28, 2002. These AICPA comments were submitted for the record of the House Ways and Means Committee Select Revenue Measures Subcommittee Hearing on Corporate Inversions. The comments discuss various problems with the proposed legislation on corporate inversions. Learn More>>
AICPA Comments on the Fairness, Simplification and Competitiveness for American Business Act of 2002
May 24, 2002. These comments to Rep. Amo Houghton discuss generally the AICPA support for many of the proposed international tax simplification provisions in the proposed legislation, H.R. 4151, Fairness, Simplification and Competitiveness for American Business Act of 2002. Learn More>>
AICPA Offers Technical Analysis of Tax Proposals to Catch Tax-Motivated
March 21, 2002. The AICPA Expatriation Tax Task Force submitted comments to Congress and the Department of the Treasury addressing legislative proposals relating to tax provisions intended to deal with expatriation to avoid tax by U.S. citizens who give up their citizenship or long-term U.S. residents who give up their residency. Learn More>>
Unofficial Transcript of Joint Conference on Tax Simplification