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Not 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 for
by shivasaxena 1y ago
Not 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.