CBT extracts capital from the economies of other nations. Example of CBT extraction in action

Everybody knows that U.S. “citizenship taxation” extracts capital from other nations and transfers it to the U.S. Treasury. The above tweet references an interesting Facebook post that demonstrates “CBT Capital Extraction” in action.

As always, the comments are interesting. The post begins with:

cbtcapitalextraction-300x284

The author, Heitor David Pinto has been an extremely prolific and effective advocate for residence based taxation. He also submitted comments to the Senate Finance Committee in April 2015.