4 ms·

> America is the only country on earth to do this Eritrea taxes overseas citizens as well.

• arcticbull 6y ago
  Quite right, although they are of course not in a position to enforce this; certainly not in the way America is. I suspect while they say they do, the number of returns they actually get can be counted on one hand. So yes in theory, probably no in practice. I’ve always wondered though if you have some data I’d love to see it!
  • joshuaissac 6y ago
    The tax rate is 2%, and it is estimated to bring in about $100m annually,[1] which is about 5% of Eritrea's $2b total government revenue for 2017.[2] For comparison, US annual revenue from overseas taxation is estimated at $870m.[3] There are about 1.5m overseas Eritreans,[4] and at least half of them are estimated to be in compliance.[1] 1. https://www.researchgate.net/publication/320584172_The_2_Tax_for_Eritreans_in_the_diaspora_-_Facts_figures_and_experiences_in_seven_European_countries https://www.researchgate.net/publication/320584172_The_2_Tax... 2. https://www.cia.gov/the-world-factbook/countries/eritrea/ https://www.cia.gov/the-world-factbook/countries/eritrea/ 3. http://www.offshorenewsflash.com/2015/08/19/is-fatca-chasing-a-leprechaun-and-his-pot-of-gold/ http://www.offshorenewsflash.com/2015/08/19/is-fatca-chasing... 4. https://www.bbc.co.uk/news/business-47934398 https://www.bbc.co.uk/news/business-47934398
    • arcticbull 6y ago
      Thank you!