3 ms·
> why shouldn’t the rich also pay the same for overseas investments? They do. US taxes apply to global income. Can you give a specific example where they do
by throwaway2037 2y ago
> why shouldn’t the rich also pay the same for overseas investments?
They do. US taxes apply to global income. Can you give a specific example where they do not? Please don't write a lazy reply like "move all their assets to a zero tax location in the Carribean." They are still responsible to pay US taxes for any income derived from those offshore investments.
- dumah 2y agoFraming this as a personal income tax concern is a bit off the mark. https://en.m.wikipedia.org/wiki/Base_erosion_and_profit_shifting https://en.m.wikipedia.org/wiki/Base_erosion_and_profit_shif...