[gruez]

>argues that relying on taxing shareholders instead of the corporation ignores foreign shareholders whose income isn't subject to US taxation.

They aren't? What about withholding tax?

[ceejayoz]

That's on income, not capital gains.

https://www.investopedia.com/ask/answers/06/nonusresidenttax...

> Nonresident aliens are subject to no U.S. capital gains tax, but capital gains taxes will likely be paid in your country of origin.

> Nonresident aliens are subject to a dividend tax rate of 30% on dividends paid out by U.S. companies.