Thursday, March 19, 2009

AIG again - taxation without representation, the other way around

Yes, another AIG post, following up on the update to my post from earlier today.

Roberto Bonini has shared a James Joyner piece from Outside the Beltway. It discusses various legal issues, but then makes this statement:

With respect to the AIG bonuses...a much more pragmatic issue exists: Most of those receiving said bonuses are citizens of the UK who live and work in the UK. How the United States Congress proposes to tax them is anyone’s guess.

As you know, in the 1760s and 1770s Americans complained to the British about "taxation without representation." It appears that in 2009, it will be the British who will be complaining about American taxation.
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