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Trump is planning to make foreign nationals (and dual citizens) to pay higher tax rates in the US. www.washingtonpost.com/opinions/202...
For example, Trump this week threatened to double taxes on foreigners working in this country legally. The move received virtually no attention because it was slipped into a broader executive order on trade. Unless you’re intimately familiar with the tax code, you might not have noticed his invocation of an obscure 1934 law that has never been used before, which says the president can double taxes on all citizens and companies from any country that the president decides has levied “discriminatory” taxes against Americans. The president can do this unilaterally — that is, without additional permission from Congress.
January 24, 2025 at 8:20 PM