| >...Most of the developed world tax resident individuals and corporates on worldwide income. Yes, citizens are taxes on worldwide income, but not corporations. >...US is only unique in taxing non-resident individuals. The US and Eritrea. >...Very few developed nations have territorial taxation such as HK, SGP and Panama. I don't think that is correct: >...As of 2012, 28 of the 34 current OECD member countries (82 percent) have adopted
territorial tax systems that exempt 95-100 percent of qualifying dividends received
from foreign affiliates resident in some or all countries. Twenty countries exempt
100 percent and eight exempt between 95 and 100 percent of qualifying foreign
dividends. >The number of current OECD member countries with territorial tax systems has
doubled since 2000. http://www.techceocouncil.org/clientuploads/reports/Report%2... The ones who do tax worldwide income also have lower rates than the US. >...Research by Reed College economist Kimberly Clausing [PDF] and others has found that high rates in the United States have had a measurable effect on encouraging firms to invest more in low-tax countries than they otherwise would have. https://www.cfr.org/backgrounder/us-corporate-tax-reform https://www.ntanet.org/NTJ/62/4/ntj-v62n04p703-25-multinatio... |