What Goes Around Comes Around: Why the US is Responsible for Capital Flight (and What it Can Do about It)

Avi-Yonah, Reuven S.

doi:10.2139/ssrn.2208553

Abstract

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What Goes Around Comes Around: Why the US is Responsible for Capital Flight (and What it Can Do about It)

Reuven S. Avi-Yonah

University of Michigan Law School

January 23, 2013

U of Michigan Public Law Research Paper No. 307

Abstract:
The US learned the hard way that trying to attract foreign capital by not withholding and not collecting information is a recipe for undermining US taxation of Americans. FATCA now offers a way forward to cooperate with other countries that wish to tax their wealthy residents on all income “from whatever source derived.”

Number of Pages in PDF File: 5

Keywords: FATCA, portfolio interest exemption

JEL Classification: H25, K34

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Date posted: January 29, 2013 ; Last revised: February 4, 2013

Suggested Citation

Avi-Yonah, Reuven S., What Goes Around Comes Around: Why the US is Responsible for Capital Flight (and What it Can Do about It) (January 23, 2013). U of Michigan Public Law Research Paper No. 307. Available at SSRN: http://ssrn.com/abstract=2208553 or http://dx.doi.org/10.2139/ssrn.2208553

Contact Information

Reuven S. Avi-Yonah (Contact Author)

University of Michigan Law School ( email )

625 South State Street
Ann Arbor, MI 48109-1215
United States
734-647-4033 (Phone)