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

Authors

• Reuven S. Avi-Yonah, University of Michigan Law SchoolFollow

Document Type

Article

Publication Date

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.”

Recommended 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)" (2013). Public Law & Legal Theory Working Papers. 534.
https://repository.law.umich.edu/pub_law_archive/534