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Wednesday, August 15, 2012

Where Wealth Thrives and Innovates by Frank Holmes

The latest example making headlines these days is the proposed 75 percent tax increase on the wealthiest people in France in order to “pay for one of Europe’s most generous social welfare systems and a large government.” This tax increase is causing many individuals and businesses to consider relocating. The New York Times indicated that “many companies are studying contingency plans to move high-paid executives outside of France.”

Most countries do not tax income earned outside their borders. The U.S. does. American companies do not have the option of living outside the border and not paying tax.

Posted via email from iPT Perpetual Traveler

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