America Is a Tax Haven…and That’s a Very Good Thing

“While there are many bad things about the American tax system (including pervasive double taxation and a very uncompetitive corporate tax system), one of few redeeming features of our tax system is that we are a tax haven. Not for Americans, of course, but it turns out we have some good rules for foreigners.  I’ve already noted that Delaware is one of the world’s best tax havens because of its attractive incorporation policies, but we also have very attractive federal tax rules.  Foreigners take advantage of these policies in ways that attract huge amounts of money to the American economy – more than $25 trillion according to the Commerce Department!”

http://danieljmitchell.wordpress.com/2013/08/03/america-is-a-tax-haven-and-thats-a-very-good-thing/

About The Freedom Watch Staff
News before it is news for the resistance from a trusted correspondent. The Freedom Watch Network

Comments are closed, but trackbacks and pingbacks are open.