Friday, September 29, 2017
This week, David Gamage (Indiana) reviews a new draft article by Allison Christians (McGill Law), Buying in: Residence and Citizenship by Investment.
Want to buy yourself a citizenship? According to Christians’s new draft article, doing so from Panama would cost you $5,000 USD, doing so from the United Kingdom would cost you $62,525 USD, and doing so from Singapore would cost you $1,794,000 USD.
Would this be worth the cost? Christians discusses how some of these nations hope to attract wealthy citizens from other nations. However, emigrating from the U.S. is harder to accomplish, at least from a tax perspective, due the U.S. practice of taxing its citizens on worldwide income. Christians thus also discusses barriers to exit, again from a citizenship tax perspective.
Overall, I recommend Christians’s new draft article for a fun and educational read. The article did not change my views about any major questions of tax policy. But I learned quite a bit about different countries’ practices when it comes to taxation and citizenship status, and this was more than worth the price of the download.
Here’s the rest of this week’s SSRN Tax Roundup:
- Noel P Brock (Eastern Michigan Univeristy) & Hughlene A. Burton (University of North Carolina at Charlotte), Tax Treatment of 'Carried Interest'
- Noel P Brock (Eastern Michigan Univeristy), Edward J. Schnee (Alabama), & Shane Stinson (Alabama), The Corporate Response to Government Attacks on Tax Shelters, International Journal of Financial Research Vol. 8, No. 1; 2017
- Karen C. Burke (University of Florida - Levin College of Law), Exploiting the Medicare Tax Loophole
- Philip T. Hackney (Louisiana State University Law), Prop Up the Heavenly Chorus? Labor Unions, Tax Policy, and Political Voice Equality, St. John's Law Review, Forthcoming
- Luzi Hail (University of Pennsylvania - The Wharton School), Stephanie A. Sikes (University of Pennsylvania – Accounting), & Clare Wang (University of Iowa - College of Business), Cross-Country Evidence on the Relation between Capital Gains Taxes, Risk, and Expected Returns, Journal of Public Economics, Vol. 151, pp. 56-73, 2017
- Terri Lynn Helge (Texas A&M Law), Rejecting Charity: Why the IRS Denies Tax Exemption to 501(C)(3) Applicants, Pittsburgh Tax Review, Vol. 14, No. 1, 2016
- Robert H. Sitkoff (Harvard Law), The Rise of Trust Decanting in the United States, 23 Trusts & Trustees (2017, Forthcoming)