4 ms·
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 compar
by 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 agoThank you!