This video is temporarily unavailable.
The U.S. is the only industrialized country in the world that double-taxes its citizens on income they earn abroad – section 911 of the Internal Revenue Code providing a small, grudging exemption. In 2005, this was made worse when legislation became law that reduced 911 benefits and raised taxes on American expatriates. This has the effect of discouraging Americans from taking such jobs and some U.S. firms – because they may make up the difference to provide competitive compensation – from hiring them.
American companies are among the best instruments of American public diplomacy. They are proud of their records for hiring, training and promoting locals for corporate jobs. That is America at its best. But these same companies should not be discouraged from hiring Americans to represent them abroad. Unfortunately, that is exactly what the tax code does.
Join us as representatives of the Asia Pacific Council of American Chambers of Commerce as well as Greg Mastel, an insider deeply familiar with the issue, explore this situation and potential fixes.
More About the Speakers
Chairman, Asia Pacific Council of American Chambers of Commerce, and
Managing Director, Gannon Vietnam, Ltd.
Managing Director, CB Richard Ellis Hong Kong
Managing Director, Dutko Worldwide; former Executive Director of Alliance for a Competitive Tax Policy;
And former Chief Economist of the Senate Finance Committee (2000-2003)
Director, Asian Studies Center