USA does have DTAA with maybe 60 countries. Those mutual agreements are based on income from personal services. I think a lot of the comments in this thread are drawing conclusions about specific sources of income:
- there’s an exit tax, might be millions $ for the top-tier. You might give your money to family members or a trust before planning to pay it.
- there’s capital gains tax. This means your income is not from personal services and instead from just being wealthy. Looks to me like a lot of the comments here are defending the rights of people with that lifestyle. Those people do not need DTAA.
- reported income from personal services (labor) is what you’re talking about. The bad experiences in this thread are real, but DTAA is meant to make life easier for professors and touring musicians, etc.
- unreported income is indistinguishable from money laundering. The underworld is a very libertarian place, a sore spot for some in this thread.
- there’s an exit tax, might be millions $ for the top-tier. You might give your money to family members or a trust before planning to pay it.
- there’s capital gains tax. This means your income is not from personal services and instead from just being wealthy. Looks to me like a lot of the comments here are defending the rights of people with that lifestyle. Those people do not need DTAA.
- reported income from personal services (labor) is what you’re talking about. The bad experiences in this thread are real, but DTAA is meant to make life easier for professors and touring musicians, etc.
- unreported income is indistinguishable from money laundering. The underworld is a very libertarian place, a sore spot for some in this thread.