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ACA writes to the Department of Treasury on Healthcare taxes

On 1st October 2013, American Citizens Abroad (ACA), “The voice of Americans Overseas” wrote to the US Department of the Treasury airing their concerns about Healthcare taxes. ACA raised the point that the 3.8% Net Investment Income Tax (NIIT) cannot be reduced by application of foreign tax credits; ACA therefore requested that when the Department of Treasury finalizes the regulations, measures will allow Americans abroad to apply foreign tax