Download This PaperWhat Goes Around Comes Around: Why the US is Responsible for Capital Flight (and What it Can Do about It)
5 Pages Posted: 29 Jan 2013 Last revised: 4 Feb 2013
Date Written: January 23, 2013
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.”
Keywords: FATCA, portfolio interest exemption
JEL Classification: H25, K34
Suggested Citation: 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: https://ssrn.com/abstract=2208553 or http://dx.doi.org/10.2139/ssrn.2208553
Reuven S. Avi-Yonah (Contact Author)
University of Michigan Law School ( email )
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