Prologue – December 2011 – The U.S. Supports U.N. Sanction Against Eritrea
Eritrea has put Toronto on the international map. As you know, Eritrea and the United States are the two countries in the world that practice citizenship-based taxation. Of course, the U.S. takes the position that it is wrong for Eritrea to use citizenship-based taxation. For an example of U.S. hypocrisy at it’s finest, see this video of Susan Rice at the United Nations. (Susan Rice apparently once worked in Toronto for McKinsey. It would be interesting to know whether she filed her FBARs). It is becoming increasing clear that citizenship-based taxation, in its application, may be in violation of international law.
Even the CBC “As It Happens” did a segment on this issue. Continue reading