Xin Tong

3 years ago
Definitely eliminating corporate income tax and tax shareholders instead would create more incentives for investing U.S companies and make the tax treatment for different companies more equal. However, for those shareholders who hold large share of U.S companies, would this tax reform encourage them to give up their U.S citizenship? Since I have read such reports before saying that some U.S citizens would give up their U.S citizenship so that they do not need to pay tax on their incomes earned abroad. And if this is the case, there would be more revenue reduction. See more

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3 years ago
Definitely eliminating corporate income tax and tax shareholders instead would create more incentives for investing U.S companies and make the tax treatment for different companies more equal. However, for those shareholders who hold large share of U.S companies, would this tax reform encourage them to give up their U.S citizenship? Since I have read such reports before saying that some U.S citizens would give up their U.S citizenship so that they do not need to pay tax on their incomes earned abroad. And if this is the case, there would be more revenue reduction. See more

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