3 ms·
But if private citizens were able to park their income offshore I am fairly sure the response wouldn't be to lower income taxes.
by dingaling 9y ago
But if private citizens were able to park their income offshore I am fairly sure the response wouldn't be to lower income taxes.
- ithkuil 9y agoAren't there agreements between the US and other countries that prevents or limits double taxation for private citizens? Is there anything analogous for companies?
- WillPostForFood 9y agoIt is a matter of complexity, and quantity. Wealthy private citizens do park money offshore via trusts and other mechanisms. It wouldn't be a good trade-off to lower tax rates to lure it back, because it is at such a smaller scale than the corporate parking.