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by burkaman
3714 days ago
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I don't understand the objection. It's not like you suddenly lose all benefits and protections of US citizenship when you step over the border. If you don't want to follow these laws, move your company and renounce your citizenship. If you're not willing to do that then you need to follow the rules. |
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The objection is that it undermines competitiveness in corrupt business environments. Business environments that are inherently corrupt whether the US entity participates or not. Kickbacks are a way of doing business in many jurisdictions, and then the US government levies a charge against you that is solved with: YOU GUESSED IT, ANOTHER KICKBACK. But its okay because the SEC and DOJ call it a settlement.
A totally unnecessary law that is enforced at the discretion of the administration.