- Feb 12, 2007
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We'd also have to renegotiate all of the tax treaties the Feds have negotiated with other countries around the world. If we start taxing foreign based income - don't be surprised if they want to retaliate by taxing the income from their domestic companies which is earned in the U.S.
The net result could be a loss of tax revenue for the U.S.
The net result could be a loss of tax revenue for the U.S.