A country should tax them wherever they live if they have that country’s citizenship. Pretty sure they do that in the US. If they don’t want to pay they can give up the citizenship.
They do that in the US. It hurts a lot of people leaving the US. They are the only relevant country in the world that does this.
Very bad. For example. Someone gets his income from Australia. He lives in Indonesia. Then the indonesian government will tax on the person’s worldwide income. The Australian government will tax the Australian income. The American government will tax all of the income.
Then there’s double taxation treaties to reduce the damage.
It’s nasty. USA in this instance has no right to claim that income. The person does not live in USA. The income does not come from USA.
What’s so bad about the ultra wealthy moving out?
Genuine question.
Because even if they pay a lot less percentagewise, they still pay a lot. Having like 10% of something is better than having nothing.
We should still track down and close loopholes, and increase taxes on capital gains tho.
A country should tax them wherever they live if they have that country’s citizenship. Pretty sure they do that in the US. If they don’t want to pay they can give up the citizenship.
They do that in the US. It hurts a lot of people leaving the US. They are the only relevant country in the world that does this.
Very bad. For example. Someone gets his income from Australia. He lives in Indonesia. Then the indonesian government will tax on the person’s worldwide income. The Australian government will tax the Australian income. The American government will tax all of the income.
Then there’s double taxation treaties to reduce the damage.
It’s nasty. USA in this instance has no right to claim that income. The person does not live in USA. The income does not come from USA.
Just an abuse of power