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Now Trump needs to follow through on his election promise to eliminate citizenship based taxation. The US has the ignominy of joining only Eritrea on taxing its
by voisin 2y ago
Now Trump needs to follow through on his election promise to eliminate citizenship based taxation. The US has the ignominy of joining only Eritrea on taxing its citizens no matter where they live, even in those countries that choose higher VAT or other forms of taxation than income based. It leads to truly absurd outcomes and reduces American competitiveness.
- sumuyuda 2y agoDid he actually claim that? Would be a big win for American’s living aboard.
- voisin 2y agoI guess it depends on what he meant by ending “double taxation” of Americans abroad. https://www.wsj.com/politics/policy/donald-trump-tax-plan-americans-abroad-a74bfbdd https://www.wsj.com/politics/policy/donald-trump-tax-plan-am...