I might be misunderstanding this somehow, but does it imply that Americans living abroad are not entitled to a Foreign Earned Income Exclusion?
Corporations have used numerous and creative means to avoid their tax responsibilities. They have about a year’s worth of profits stashed untaxed overseas. According to the Wall Street Journal, about 60% of their cash is offshore. Yet these corporate ‘persons’ enjoy a foreign earned income exclusion that real U.S. persons don’t get.
Ayn Rand USA: In 20 Years Corporate Profits Are Up 4X and Their Taxes Have Fallen by 50% — Meanwhile the Workers’ Payroll Tax Has Doubled
On this, Wiki writes:
Citizens and residents living and working outside the U.S. may be entitled to a foreign earned income exclusion that reduces taxable income.