When an American citizen lives and works in another country and pays taxes in the United States, that taxes is a form of tribute that the United States extracts from that foreign country’s wealth. It goes into the coffers of the United States which is currently having a hard time being honest and prudent in its management of the Federal expenditures. In the case of a public corporation, the extra taxes to the United States that one of their employee’s must pay can anger rightly shareholders. Such is the case of Bob Diamond, who is the chairman of Barclays Bank based in the UK.
One of our readers, John, points out the following article and commented: