The latest in a line of opinion pieces in the Wall Street Journal presenting the ill-effects of the USA's system of taxation for overseas citizens, this one from investment banker Ken Moelis --
Congress should borrow from U.K. policy and provide an immediate tax holiday to any American citizen who takes up residence and works in Africa for more than one full year. The incentive of paying a maximum local tax rate of, for example, 15% in Mauritius may be just the motivation needed to get our most ambitious and forward-thinking Americans to put down roots in one of the world's most important regions.
Is someone planning to retire to Mauritius?
Congress should borrow from U.K. policy and provide an immediate tax holiday to any American citizen who takes up residence and works in Africa for more than one full year. The incentive of paying a maximum local tax rate of, for example, 15% in Mauritius may be just the motivation needed to get our most ambitious and forward-thinking Americans to put down roots in one of the world's most important regions.
Is someone planning to retire to Mauritius?