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A comment on TurboTax’s 20-Year Fight to Stop Americans from Filing Taxes for Free (2019). Parent comment

Re:TurboTax’s 20-Year Fight to Stop Americans from Filing Ta... by divbzero on Monday February 08, 2021 @01:33AM (#26061442)
The American system of worldwide taxation based on citizenship is extremely strange and shared by just a handful of other nations such as Eritrea, Hungary, and Myanmar. [1] Even more odd was the decision to shift to territorial taxation with the Tax Cuts and Jobs Act of 2017, but only for corporations and only for income earned with tangible assets overseas. [2]

[1]: https://en.wikipedia.org/wiki/International_taxation

[2]: https://www.taxpolicycenter.org/briefing-book/what-territori...

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Re:TurboTax’s 20-Year Fight to Stop Americans from Filing Ta... by crowf on Monday February 08, 2021 @02:19AM (#26061678)
Thanks for the second link. I remember hearing rumors about how the Trump administration would finally remove worldwide taxation. I guess the result was the end (or ease) of worldwide taxation for corporations only.
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