Cynthia

As introduction, I work in & love international tax. I also love #books, #BoardGames, and coffee. Aggressively pro-science (undergrad=astrophysics). Trekkie. AmeriCorps alumni (literacy-focused). Mother of two. Cat named Fibonacci. Anniversary=Pi Day.

Perpetual reluctant optimist. Hi, friends!

Donald Trump threatens to double tax rates for foreign nationals and companies President orders officials to draw up retaliatory measures against ‘extraterritorial’ taxes

Tax Wars.

Donald Trump threatens to double tax rates for foreign nationals and companies.

Wants to return to imperial times when companies paid tax at place of their control, not where they trade.

Wants other countries to give up the right to tax profits made by US corporations.
archive.ph/c6QGc

Added to my wish list!

This reminded me that a certain bird was getting a little passive aggressive about how late it's getting. Thanks!

Trump threatens to double tax rates for foreign nationals and companies President orders officials to draw up retaliatory measures against ‘extraterritorial’ taxes

I find this latest Trump move fascinating. New US administration is attacking a tool the US has been the most prolific user of: extraterritoriality (i.e. when a gov applies its laws abroad). At the same time, it is sign of what Trump bargaining will look like. Quick thread: on.ft.com/4apbciA

Thanks!

Oh, that's so disappointing! I was such a fan!