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For virtually every other jurisdiction, natural persons pay tax where they live, not where they source their income. If I happen to work for a foreign corpora
by danielheath 1y ago
For virtually every other jurisdiction, natural persons pay tax where they live, not where they source their income.
If I happen to work for a foreign corporation, I don’t get to skip paying tax.
- voxic11 1y agoIn the US you pay taxes in the state where you earn the income and where you live. So for example if you own a pass-though tax corporation and it earns income in all states then you must file and pay taxes in all states.
- shivasaxena 1y agoNot true. This is only true for US which taxes your global income. Most of the world taxes only income earned in that country. > If I happen to work for a foreign corporation, I don’t get to skip paying tax. Sure, because you earned it your country, and not in the country of domicile of foreign corporation. EDIT: Correction, I see now that most countries do tax worldwide income, just that they have DTA so you offset taxes paid abroad.
- pmyteh 1y agoWe (the UK) have a very extensive set of double taxation treaties too. The point of non-dom status is that it doesn't even matter if your earnings were taxed elsewhere: they're still not liable in the UK.