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Interestingly the U.S. does make natural persons pay tax on income earned outside their domicile. U.S. residents (of any citizenship) have to pay U.S. tax on th
by _delirium 11y ago
Interestingly the U.S. does make natural persons pay tax on income earned outside their domicile. U.S. residents (of any citizenship) have to pay U.S. tax on their worldwide income, and U.S. citizens do even if nonresident. Foreign taxes paid can be taken as a tax credit, to avoid double-taxation, but you can't escape U.S. taxation by booking your income in a lower-tax jurisdiction.
- loeg 11y agoYeah, and this is weird. Most countries do not do this.
- _delirium 11y agoIt's unusual to tax non-resident citizens (the U.S. is almost unique there), but it's common to tax foreign income of residents. For example, the UK also taxes residents on their worldwide income: https://www.gov.uk/tax-foreign-income/overview https://www.gov.uk/tax-foreign-income/overview