The Global Tax

[Jolly]

Ain't gonna fly, IMO.

https://www.msn.com/en-us/money/markets/u-s-proposes-global-minimum-corporate-tax-rate-of-15-with-an-eye-on-something-even-higher/ar-AAKcZjP?ocid=msedgntp

[Doctor Phibes]

There are few things other countries love more than the United States telling them how to run their economy.

[George K]

@doctor-phibes said in The Global Tax:

telling them how to run their economy.

You misspelled "ruin."

[Renauda]

No surprise here. The US seems to think it can collect income taxes based on citizenship in addition to residency. The only other country I am aware of also attempts to enforce a similar policy on its non resident citizens is, Eritrea. This latest Made in USA tax initiative at the corporate level is that not far removed from the dubiously unique tax privilege requirement it imposes upon its citizenry worldwide.

[Copper]

US taxpayers are a vanishing breed.

Most citizens get more money than they could ever use from the federal government.

[Doctor Phibes]

@renauda said in The Global Tax:

No surprise here. The US seems to think it can collect income taxes based on citizenship in addition to residency.

Yet another good reason not to apply for citizenship.

[Axtremus]

@doctor-phibes said in The Global Tax:

@renauda said in The Global Tax:

No surprise here. The US seems to think it can collect income taxes based on citizenship in addition to residency.

Yet another good reason not to apply for citizenship.

Actaully, even if you just hold a green card, that’s enough for the USA to tax you globally.