The Omnipresence of the IRS
July 10, 2007
The U.S. has the worst tax deal in the world. It is one of the very few countries that taxes on worldwide income, even if you are living abroad. Citizens of other countries pay taxes only on income that they earn while they are in their own country - and then only if they live there. A German who lives in France and has a business in Italy, for example, does not have to pay German taxes on that income.
Good for them. But when I talk to European colleagues about this, they tell me they are afraid that the European Union will soon replicate U.S. tax law in this area.
posted by M. Masterson @ 2:52 PM,
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