[donmcronald]

This feels like a really bad deal for non Americans. From Intuit Canada:

> If taxes were deducted from your income, you can claim those taxes as if you paid them to the CRA. Because you have a duty to report all your U.S. income on your Canadian return, the income is deemed taxable as Canadian income. The usually lower U.S. income tax rate could leave you with an amount owing for the difference between the United States and Canadian income tax rates.

So Canadians pay (some) income tax to the US instead of Canada and the US gives us nothing in return? It feels like those are systems that were put in place with the assumption that earning income in the US would require the use of US resources (ie: living in the US).

That’s just a flat out bad deal for Canada and Canadians, right?

[viraptor]

> That’s just a flat out bad deal for Canada and Canadians, right?

I'm expecting a thorough discussion and details soon from Linus Tech Tips since they're Canada-based.

[gruez]

>So Canadians pay (some) income tax to the US instead of Canada and the US gives us nothing in return?

that's only from your perspective, right? All of this is negotiated as part of a tax treaty so I'd presume that they figured the tax flows are roughly equal (eg. how the UPU works), or they have a specific process to settle the difference.

[seasoup]

“So Canadians pay (some) income tax to the US instead of Canada and the US gives us nothing in return?”

Seems like Canadians got the ability to make money on YouTube in return. Seems like a pretty good deal.

[jwalton]

Seems like the US didn’t enforce antitrust laws and allowed YouTube to grow into a monstrous monopoly, because they wanted Internet revenues to all flow into America rather than into a variety of companies, some of which might end up not being American if YouTube was split up. Seems like a pretty bad deal for literally everyone.

[xiphias2]

Why? It makes sense for US citizens. Why would they kill their own golden goose instead of taxing it?

[jwalton]

Only if you think the horrific damage done to American democracy by Facebook and friends was more than offset by a little extra tax revenue.

[xiphias2]

I think the damage to democracy is done by low interest rates (QE). US was lucky to not be affected by wars and hate for a long time, but they existed before tech companies, like Facebook, especially when the financial system was centralized and corrupt.