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Let's say I write a book and make $1 million in sales from customers in 100 countries... Do you think that each country should collect taxes on the profits (not
by DVassallo 11y ago
Let's say I write a book and make $1 million in sales from customers in 100 countries... Do you think that each country should collect taxes on the profits (not on the sales) from the customers that reside in the country? And if yes, how would the profit be determined? What if I took a $999,999 salary to write the book? Do you also think I should pay income tax on that salary to each country I sold the book to?
- harryh 11y agoI'm not an accountant so I don't know the details but, for the record, the vast majority of countries in the world only tax corporate income earned within their borders. The US is a rare exception to this standard.