Mitt Romney is being criticized for supporting "territorial taxation," which is the common-sense notion that each nation gets to control the taxation of economic activity inside its borders.
While promoting his own class-warfare agenda, President Obama recently condemned Romney's approach. His views, unsurprisingly, were echoed in a New York Times editorial.
President Obama raised...his proposals for tax credits for manufacturers in the United States to encourage the creation of new jobs.
The arguments apply equally to U.S. citizenship-based taxation of individuals.
Obama applies the same thinking to Americans and dual citizens living abroad making their lives hell. Will not get their votes.
@thatisme As you and I and many others discuss at Isaac Brock, US worldwide tax policy does the same against individuals (natural persons who are US citizens or green card holders) who are bone fide residents abroad. And there is no deferal for such “US Persons”!!!! US Persons abroad are less competitive due to this and less able or willing to build more trade bridges with the US.