Brylaw
Everyone has heard the phrase “The power to tax is the power to destroy.” Few know it derives from an 1819 Supreme Court ruling. In McCulloch v. Maryland, Chief Justice John Marshall, writing the majority opinion, held “That the power to tax involves the power to destroy[... is] not to be denied.” This phrase is universally taken to mean that the government's power to tax is a terrible weapon that must be reined in as much as possible.
Not only are the corporations leaving, American citizens are, too. In both cases, it is taxes that are driving them away. A few times a year, the Treasury Department publishes a long list of names announcing all of the Americans who have lately abandoned their U.S. citizenship. According to the legal website International Tax Blog, the number hovered around 500 a decade ago. Last year, it hit a record high of nearly 3,000.
Brylaw accounting follows strict U.S government tax laws and has come up with innovative ways to reduce the burden of taxes by providing the best possible financial solutions.
Everyone has heard the phrase “The power to tax is the power to destroy.” Few know it derives from an 1819 Supreme Court ruling. In McCulloch v. Maryland, Chief Justice John Marshall, writing the majority opinion, held “That the power to tax involves the power to destroy[... is] not to be denied.” This phrase is universally taken to mean that the government's power to tax is a terrible weapon that must be reined in as much as possible.
Not only are the corporations leaving, American citizens are, too. In both cases, it is taxes that are driving them away. A few times a year, the Treasury Department publishes a long list of names announcing all of the Americans who have lately abandoned their U.S. citizenship. According to the legal website International Tax Blog, the number hovered around 500 a decade ago. Last year, it hit a record high of nearly 3,000.
Brylaw accounting follows strict U.S government tax laws and has come up with innovative ways to reduce the burden of taxes by providing the best possible financial solutions.