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105138 1 (1978-02-24)

handle is hein.gao/gaobadxyb0001 and id is 1 raw text is: 



1  LM105138


                       niited States General Accounting Office
                               Washington, D. C. 20548

                                                   FOR RELEASE ON DELIVERY
                                                   Expected at 9:30 a.m.
                                                   Friday, February 24, 1978


                                    Statement of

                                  3. Kenneth Fasick
                          Director, International Division
                                     before the

                          Souse Comittee on Ways and Peans

                                         on
                      Impact ., Trade of Changes in Taxation of

                           U.S. Citizens employed Overseas

i           Kc. Chairaan and Xeubers of the Comitteet
                 We are plesed to have the opportunity to couider with
            you the impact ca trade of changes in the taxation of U.S.

            citizens employed overseas.

                 The United States has taxed the worldwide income of

            its citizens, with specifically legislated exceptions,

            since initiating the-Federal Income Tax in 1913. It
            is the only Industrialized country in the world to
            impose an income tax on this basis, since most countries
            do not tax income earned outside their borders by their

            nonresident citizens.

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