4 ms·
Not really, or not always. An example: The IRS taxes every US citizen on all income, regardless of where they live. They didn't go setup tax treaties with eve
by zie 5y ago
Not really, or not always. An example: The IRS taxes every US citizen on all income, regardless of where they live. They didn't go setup tax treaties with every country. If I'm a US citizen living in North Korea, I still have to file US taxes every year, despite the 2 countries essentially hating on each other for decades.
- giantg2 5y agoSure, but that's devoid of the international enforcement mentioned. If your assets are in North Korea or a Swiss bank, then they can't force you to pay it. If your assets are in US accounts, then they could easily do so. I imagine there are other countries that we do have treaties with (or even if the bank has branches/business in the US so that the government doesn't make their life difficult) that would cooperate in freezing your international assets held in those countries too.
- zie 5y agoI agree, enforcement matters. My opinion: In the last 50+ years, it's been a very bad bet to be against the USA. They generally get whatever they want. If that's right or not, is certainly debatable.
- devoutsalsa 5y agoThe way things are going these days, I would never move to a place that doesn’t have a current agreement with the United States and assume it’d stay that way.