To: TimF who wrote (231545 ) 5/5/2005 1:21:44 AM From: tejek Read Replies (1) | Respond to What I meant was the corporate world, not "the rest of the world". Like what reasons? Ideological reasons - Its an example of the government taking more control. I think the US government should exercise less control over trade or over overseas Americans. The US is one of the few countries that taxes income that is 100% earned overseas by people residing overseas and who stay outside the country for the whole year. If I was a citizen of most European countries and I moved to a low tax country and became a legal resident, started a business that received all its income in the low tax country, I wouldn't have to pay tax to my home country. If I did this as an American citizen I still would have to pay the tax. I could probably deduct the foreign taxes, but if they are lower then American taxes I would still have to pay the difference. I think countries should recognize that their jurisdiction stops at their border. Sure if an American kills and American on the high seas (esp. in an American ship, or on a ship on its way to America) I could see it as reasonable that the American cops investigate the situation, but for the most part I don't think people outside the US should be subject to US law. If a group effectively or literally declares war on the US and take hostile action against the US our government has a right, even a duty to fight back, so I think we should hunt down terrorists, but people peacefully living in another country should only be subject to the laws of that country. If they sell to the US they are subject to the laws the US has about imports but they shouldn't face more restrictions than anyone else in another country does.
