Monday, October 06, 2003
In response to my previous posts about migration and the external taxation solution that Prof Bhagwati proposes, Andrew sent me this document. It is an appeal by the American Chamber of Commerce in Hong Kong to the United States to repeal or revise its tax policies. As Andrew says, the U.S. finds itself in the strange company of North Korea, Eritrea, Philipines and Vietnam that also have an external taxation policy. Even with a $80,000 exemption, I think it's ridiculous to tax someone twice just for making your living in another country.