3 ms·

Have they filed tax returns in 79 countries?

by dottedmag 4y ago

xfitm3 4y ago
Is this a legitimate concern?
- comte7092 4y ago
  I would typically think not, unless you are staying somewhere for over half the year, you aren’t establishing residency anywhere and are typically on a tourist visa.
- dottedmag 4y ago
  Not yet. Tax administrations have very little means to collect taxes for the income generated by remote workers on their tourist visas so far.
  - xfitm3 4y ago
    Should tax be paid for working while on a tourist visa? I think not. You're already renting, buying food, etc and contributing to the economy which those businesses pay tax on.
    - dottedmag 4y ago
      What you're spending is irrelevant. Read the tax codes of the countries you visit, and most likely you'll see that you owe that country tax for the work "arising from that country". Check with the lawyer from that country and most likely you'll see that "arising from that country" includes sitting with laptop in hotel and working. Due to double taxation treaties most likely you'll end up paying the same amount of tax plus hassle/expenses for filing return in the visited country and for getting the foreign tax deducted from the tax of country of your residence. And of course visited country has very little means to measure your earnings and collect tax from you.
- aerostable_slug 4y ago
  It should be, but I suspect most people fly under the radar. My brother in law worked as a tax accountant and business management professional for many different entertainers before becoming CFO of an niche business management company. Sorting out the taxes for Michael Jackson and the crew for the Bad Tour and later the Dangerous Tour was a huge undertaking, especially since with the latter Michael was donating his estimated profits to various charities as they went country to country. He's met lots of different folks over the years, but his meeting with Sheryl Crow was due to Michael: she was a background singer on the Bad tour and came in to try to understand the tax documents he'd prepared for her. Also, Slash (who was on the Dangerous Tour) is a pretty cool guy — my BiL went to a number of gigs to be sure the money was being spent "correctly" and hung out with the talent and crew quite a bit.

Have they filed tax returns in 79 countries?

xfitm3 4y ago

Is this a legitimate concern?

comte7092 4y ago
I would typically think not, unless you are staying somewhere for over half the year, you aren’t establishing residency anywhere and are typically on a tourist visa.
dottedmag 4y ago
Not yet. Tax administrations have very little means to collect taxes for the income generated by remote workers on their tourist visas so far.
- xfitm3 4y ago
  Should tax be paid for working while on a tourist visa? I think not. You're already renting, buying food, etc and contributing to the economy which those businesses pay tax on.
  - dottedmag 4y ago
    What you're spending is irrelevant. Read the tax codes of the countries you visit, and most likely you'll see that you owe that country tax for the work "arising from that country". Check with the lawyer from that country and most likely you'll see that "arising from that country" includes sitting with laptop in hotel and working. Due to double taxation treaties most likely you'll end up paying the same amount of tax plus hassle/expenses for filing return in the visited country and for getting the foreign tax deducted from the tax of country of your residence. And of course visited country has very little means to measure your earnings and collect tax from you.
aerostable_slug 4y ago
It should be, but I suspect most people fly under the radar. My brother in law worked as a tax accountant and business management professional for many different entertainers before becoming CFO of an niche business management company. Sorting out the taxes for Michael Jackson and the crew for the Bad Tour and later the Dangerous Tour was a huge undertaking, especially since with the latter Michael was donating his estimated profits to various charities as they went country to country. He's met lots of different folks over the years, but his meeting with Sheryl Crow was due to Michael: she was a background singer on the Bad tour and came in to try to understand the tax documents he'd prepared for her. Also, Slash (who was on the Dangerous Tour) is a pretty cool guy — my BiL went to a number of gigs to be sure the money was being spent "correctly" and hung out with the talent and crew quite a bit.