I Would say corporations can influence, not so much average individuals.I am discussing average ordinary people who live outside of the USA. These people are not millionairs. The people I know that are American persons make an average of 40 - 50k or much less that pay their taxes in the country they live and most are citizens of. I am talking Cdn dollars in my neck of the woods.
This tax law should be applied to Americans who live in the homeland and have their money hidden in the Caymans or Switzerland.
American Abroad can be great Ambassadors and promote American products. But now in Europe and elsewhere banks are closing their accounts and mortgages. Some are losing their jobs because a company overseas will not want them signing financial statments.
They will hire other people from other countries, if not their own. This restricts Americans to go abroad to live. It is like the USA is putting a wall on its borders to keep its citizens in.
Americans abroad do not have the benefits of homelanders. Filing US taxes can cost $1 k or more when owning zero to the US. Also what is in their bank accounts must be reported. These are local banks. Homelanders do not have to report what is in their bank accounts.
One can not file themselves but have an IRS approved tax accountant. The tax compliance industry is making big bucks.
You can find a wealth of information on all of this is you look up Isaac Brock Society. It is very extensive. Good night.
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