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> The United States is the only major power with a strong ideological belief in unrestricted capital flows. Doesn't seem that way for citizens considering we s
by mrep 6y ago
> The United States is the only major power with a strong ideological belief in unrestricted capital flows.
Doesn't seem that way for citizens considering we still have to pay US taxes when living abroad (there are some tax agreements but still), have to pay an exit tax if we want to renounce our citizenship, and the US requires foreign banks to report US citizens assets to the US government.
- chii 6y agounrestricted capital flow is not the same as untaxed earnings. I don't like it, but the US is free to decide to want to tax their citizens even if the income is earned outside the borders - and they have the capability to enforce it.