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There are limits. Allergan tried some shenanigans with a drug patent[1]. Re: taxes, the US government will make you pay all your taxes. If you pay taxes to a
by mason55 6y ago
There are limits. Allergan tried some shenanigans with a drug patent[1].
Re: taxes, the US government will make you pay all your taxes. If you pay taxes to a foreign govt then you can get a waiver for what you paid but if the tribe gives you a good deal the US govt will still demand the rest.
[1] https://www.nytimes.com/2019/01/26/us/politics/allergan-eye-drops-indian-tribe.html https://www.nytimes.com/2019/01/26/us/politics/allergan-eye-...
- tux1968 6y ago> Re: taxes, the US government will make you pay all your taxes. If you pay taxes to a foreign govt then you can get a waiver for what you paid but if the tribe gives you a good deal the US govt will still demand the rest. That's the rule for US citizens. You would no longer be a US citizen. Presumably the rules would be exactly the same as they are for current tribe members.
- mason55 6y agoAssuming you are planning to work in the US your income will still be taxed. And based on the rules from the Eduardo Saverin case you won't be able to escape taxes on what you earned before you left. So it doesn't really work.
- tux1968 6y ago> So it doesn't really work Yeah, you're right. In Canada, "status indians" get a tax exempt card to avoid sales tax at least. I didn't realize that in the US all American Natives are actually considered US citizens and are taxed federally just like everyone else. Only the tribe itself is tax exempt. That is according to: https://www.thebalance.com/do-native-americans-pay-taxes-4174095 https://www.thebalance.com/do-native-americans-pay-taxes-417...
- swebs 6y ago>You would no longer be a US citizen You would also still have US citizenship. You don't lose that unless you formally renounce it.
- ars 6y agoA tribe member is still a US citizen. They just aren't State citizens (residents).
- refurb 6y agoThe Allergan example is interesting, super ballsy and got struck down. It had to do with patent challenges through inter partie reviews (IPR) Basically Allergan transferred the patents to the tribe and said “they are sovereign and thus can’t be challenged through IPR”.