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This article is inaccurate, or at least, omits every detail that would seem to counter a quasi-socialist position. The United States is the only industrialized
by dollar 12y ago
This article is inaccurate, or at least, omits every detail that would seem to counter a quasi-socialist position. The United States is the only industrialized nation that imposes taxation of all income regardless of origin on its citizens. For the rest of the world, these offshore investments are not tax evasion, they are merely investments not subject to taxation in their home countries. Maybe, just maybe, the United States should not have tax rates so high that it scares wealth into foreign lands.