And so the @USTransitionTax came to be … https://t.co/oG4BRfxphI pic.twitter.com/qhplJeLhuE
— U.S. Citizen Abroad (@USCitizenAbroad) February 5, 2020
The article referenced in the above tweet (although long) is worth the read.
It helps explain why:
– individuals who live in other countries are subsidizing tax reform for U.S. corporations
– U.S. corporations are not likely to pay much U.S. tax anytime soon