4 ms·
Can someone explain the history of the US worldwide tax regime? Why is the US so out of step with the rest of the world on this?
by tdaltonc 11y ago
Can someone explain the history of the US worldwide tax regime? Why is the US so out of step with the rest of the world on this?
- adventured 11y agoHere: http://blogs.wsj.com/washwire/2012/05/18/tax-history-why-u-s-pursues-citizens-overseas/ http://blogs.wsj.com/washwire/2012/05/18/tax-history-why-u-s... And [pdf file]: http://scholarship.law.duke.edu/cgi/viewcontent.cgi?article=1001&context=dlj http://scholarship.law.duke.edu/cgi/viewcontent.cgi?article=... tldr; it's a century old patch-work remnant from the Civil War to WW1 era. The US Government at this point does not want to give it up, because it means giving up tax revenue (and thus has implications for how much they can spend), and there's nothing they hate more.
- sliverstorm 11y agoIt's not clear why it would really need to change. People who have left the United States and will never return, chose to renounce their citizenship because of it. ... Ok, so?