Want to take back the country? 1) Vote for a consumuption tax (get rid of the income tax). 2) Vote for a territorial tax system (meaning you dont pay tax on money you earn overseas). The following countries either have a traditional territorial tax system or elements of one at the time of this writing: Andorra- Territorial taxation, only of nonresidents. Angola – Territorial taxation. Anguilla – Territorial taxation. Bhutan – Territorial taxation. Territorial Tax SystemsBotswana – Territorial taxation. Costa Rica – Territorial taxation. Cuba – Residential taxation of citizens, territorial taxation of foreigners. Does not tax nonresidents. Democratic Republic of the Congo – Territorial taxation. Djibouti – Territorial taxation. French Polynesia – Territorial taxation. Georgia – Territorial taxation. Gibraltar – Territorial taxation. Guatemala – Territorial taxation. Hong Kong – Territorial taxation. Lebanon – Territorial taxation. Macau – Territorial taxation. Malawi – Territorial taxation. Malaysia – Territorial taxation. Marshall Islands – Territorial taxation. Micronesia – Territorial taxation. Namibia – Territorial taxation. Nicaragua – Territorial taxation. North Korea – Residential taxation of foreigners, territorial taxation of nonresidents. Does not tax income of resident citizens.Palau – Territorial taxation. Palestine – Territorial taxation. Panama – Territorial taxation. Paraguay – Territorial taxation. Philippines – Residential taxation of citizens, territorial taxation of foreigners. Saint Helena – Territorial taxation. San Mari – Territorial taxation. Saudi Arabia – Residential taxation of citizens, territorial taxation of foreigners. Seychelles – Territorial taxation. Singapore – Territorial taxation. Somaliland – Territorial taxation. Syria – Territorial taxation. Taiwan – Territorial taxation in general, but residential taxation under the alternative minimum tax. Tokelau – Territorial taxation. Tuvalu – Territorial taxation. Zambia – Territorial taxation.
Posted on: Fri, 30 May 2014 06:48:07 +0000
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