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> The US is the only country that taxes its overseas citizens this way, beside Eritrea. And the UN has routinely condemned Eritrea (and only Eritrea) for this
by lend000 10y ago
> The US is the only country that taxes its overseas citizens this way, beside Eritrea.
And the UN has routinely condemned Eritrea (and only Eritrea) for this criminal practice.
The US tax code has grown to be the most oppressive in the first world, including compared to countries with higher net rates.
- simonbyrne 10y agoActually the UN tends to complain about slightly different issues rather than taxing of expatriates: > In 2015, a 500-page UNHRC report detailed allegations of extrajudicial executions, torture, indefinitely prolonged national service and forced labour, and indicated that sexual harassment, rape and prolonged sexual servitude by state officials are also widespread. https://en.m.wikipedia.org/wiki/Human_rights_in_Eritrea https://en.m.wikipedia.org/wiki/Human_rights_in_Eritrea
- pzh 10y agoThat's because Eritrea doesn't have the US's military, and its ability to project power is limited to sending a couple of goons to harass a few rich expats they're aware of. Also, the stick that the US uses to enforce FATCA is the threat of a 30% penalty on all US-sourced income of the entities that fail to report. That and the threat of seizing funds, because any SWIFT transaction in US dollars always passes through the US, even if it is to send money from Germany to India.
- jacobush 10y agoActually Eritrea harasses quite a few ordinary people through a Stasi like network of regime loyal expats tasked with gathering intel on their brethren.