Tag Archives: territorial taxation

RT: Why #Americansabroad are now the problem in the #taxreform17 debate – U.S. citizens live in fear!

My comment on the “state” of Americans abroad and the broad outline of the Trump tax proposals on the Isaac Brock Society site. Please read the complete thread.

 

This is reasonably positive. Come on people. Barbara has it right when she writes:

“In certain respects, it’s a good thing that TTFI is not mentioned in the document. Can you imagine the shrill outcry that would result? “Ya mean them trillionaires bathing in champagne in their Riviera mansions don’t have to pay taxes? Hang them!” Politically, it is in our favor if TTFI is inserted in the meeting rooms of the Ways & Means Committee, and not coming from the pen or mouth of Trump.”

If you think for a minute that a 9 page skeletal outline of tax reform is going to include the concerns of Americans abroad you are delusional. The point is that there is NO ASPECT of these proposals that is inconsistent with territorial/residential taxation for individuals. This is intended to be is a statement of the general principles (a possible constitution if you will) of tax reform. The point is that the concerns of Americans abroad CAN fit into this. It is now the job of Americans abroad to make sure that their concerns WILL fit into this. The door is open to convey the message. But, the message must be conveyed.

The problem now is less the proposals and the committees. The problem is the simple fact that few Americans abroad are taking the time to express their concerns. I will say it again. At this particular point, the problem is less the U.S. Government than it is the inaction of Americans abroad. The number of people who have responded to the requests for letters and petitions is pathetically low. In fact the numbers are so low that the fact of the low numbers is doing harm. They are so low that it’s now easy for the drafters of the legislation to say:

Look how few Americans abroad are complaining. There really cant be much of a problem, can there!

Sure there are reasons for not participating. Sure Americans are terrified of their own Government (the new litmus test for determining whether they really are American). But, the simple fact is that with VERY FEW exceptions, Americans abroad are NOT participating in the fight for (a once in a generation) legislative change. It reminds me of a bumper sticker I once saw that read:

“When my ship came in, I was at the airport.”

Quite pathetic really.

Ask not, what your country can for you! Ask what you can and should do for yourself and your children!

Do you want your children to be born into tax slavery when you had a chance to object to it?

Apparently so.

By the way, here is the outline of the Trump tax proposals:

 

Tax-Framework

So, what do you think?

 

 

#CookvTait principle has created problems for Apple and has created advantages for non-US persons and corporations

Introduction …

The U.S. tax system is premised on the assumption that it can levy taxes on economic activity in other nations. This simple premise applies to both corporations and to individuals.

In the case of individuals: The taxation of economic activity in other nations takes place at the time that the money is earned.

In the case of corporations: The taxation of the economic activity, the taxation takes place when the money is returned to America.

In any case, the United States discriminates very strongly and punitively against all things American. The views of Apple CEO Tim Cook has some interesting comments on this issue.

Apple CEO Tim Cook interviewed on 60 Minutes 2015 …

”This is a tax code, Charlie, that was made for the industrial age, not the digital age,” he said. “It’s backwards. It’s awful for America. It should have been fixed many years ago. It’s past time to get it done.”

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The “inversion” issue is about whether the U.S. can tax income of other countries NOT patriotism!

Through “inversions” U.S. companies are unilaterally rejecting U.S. citizenship based taxation and embracing the world standard of “territorial taxation”

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Addition of Ryan to Republican ticket should be good for U.S. citizens abroad

American exceptionalism is the idea that the United States is different from other countries in that it has a specific world mission to spread liberty and democracy. In this view, America’s exceptionalism stems from its emergence from a revolution, becoming “the first new nation,”[1] and developing a uniquely American ideology, based on liberty, egalitarianism, individualism and populism. This observation can be traced to Alexis de Tocqueville, the first writer to describe the United States as “exceptional” in 1831 and 1840.[2] Historian Gordon Wood has argued, “Our beliefs in liberty, equality, constitutionalism, and the well-being of ordinary people came out of the Revolutionary era. So too did our idea that we Americans are a special people with a special destiny to lead the world toward liberty and democracy.”[3]

The specific term “American exceptionalism” was first used in Russian 1929 by Soviet leader Joseph Stalin chastising members of the Lovestone-led faction of the American Communist Party for their heretical belief that America was independent of the Marxist laws of history “thanks to its natural resources, industrial capacity, and absence of rigid class distinctions.” American Communists then started using the English translation in factional fights.[4][5]

Although the term does not necessarily imply superiority, many neoconservative and American conservative writers have promoted its use in that sense.[1][6] To them, the United States is like the biblical “shining city on a hill,” and exempt from historical forces that have affected other countries.[7]

http://en.wikipedia.org/wiki/American_exceptionalism

Note the focus on spreading liberty and democracy. If democracy implies a duty on the part of politicians to listen to voters, then it is clear that the “spreading liberty and democracy” does NOT include spreading it to U.S. citizens abroad. On the issue of “liberty”, U.S. citizens abroad are “Form Slaves” who live in constant fear of committing “Form Crime“. On the issue of democracy well: Continue reading