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So here’s several things I’m in favor of: 1. A loan is treated as repatriating any offshore foreign income that you might have; 2. We need to eliminate it at
by cletus 5y ago
So here’s several things I’m in favor of:
1. A loan is treated as repatriating any offshore foreign income that you might have;
2. We need to eliminate it at least tackle transfer pricing / profit shifting. One way to do that is to apportion profits based on revenue.
3. Residential units owned by corporations need to be taxed higher; and
4. Owning property in a country or state should make you a tax resident of that jurisdiction.
- Red_Leaves_Flyy 5y ago>4. Owning property in a country or state should make you a tax resident of that jurisdiction. How should that work in practice? Should a person who owns homes in Connecticut, California, New York, D.C., Virginia, Florida, Alps, Paris, Hong Kong, London, Etc be paying state taxes in every jurisdiction? I'm asking in earnest, and want billionaires to pay significantly more in taxes per dollar of gains and wealth than, e.g. Americans making median income, but how can that be enforced when it's less expensive to bribe/extort a politician/party than it is to pay their fair share?
- crmd 5y agoYes, they would have a tax liability in each location, with foreign tax credit offsets. So they end up paying whatever is the highest tax rate.