“In case you hadn’t already figured it out, this is the shape of things to come for U.S. Persons abroad: relentless bipartisan attacks on the Foreign Earned Income Exclusion. The latest effort in this direction contains provisions to phase out 20% of the FEIE every year until it is fully eliminated in 2017. It uses the taxes and penalties raised from U.S. Persons abroad to cut taxes on Homeland corporations, allowing them to repatriate their foreign profits with a waiver of 85% of the U.S. tax that would be due. The benefits of this tax cut will be denied to U.S. corporations which do not maintain their ‘U.S. employment levels’.”
(Visited 59 times, 1 visits today)
Related posts:
Hacked payment card service transmitted cardholder data in plaintext
Heavy Smog In China Blocked Out Everything But A Giant TV Screen
Obamacare Navigators Won't Have To Pass Background Checks
Providence — a short film featuring Bradley Manning's voice
The People's Republic of California is Sinking
Additional $2.1M Seized from Mt. Gox Accounts – Now Over $5M Total
U.S. Conference of Mayors asks Obama for flexibility on marijuana
NSA Sent Undercover Agents to Spy on 'World of Warcraft'
The new Russia sanctions: stalled FATCA talks
Fresh US Airstrikes Kill 21, Mostly Civilians, in Northern Syria
Child shoots SWAT officer with his own gun at California ‘Literacy Fair’
California: Benefit of Longer Yellow Light Proves Lasting
Zero Tolerance Watch: Teen Faces Felony Charges for Science Experiment
Alleged Silk Road Founder's Mother: No Murder-For-Hire Charge
How to make a fortune out of the upcoming IPOs in Dubai and Abu Dhabi