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Aren't there regulations around trade with certain countries? Can anybody speak to the issues around a US company accepting payments from people in countries th
by beering 14y ago
Aren't there regulations around trade with certain countries? Can anybody speak to the issues around a US company accepting payments from people in countries that aren't too friendly with the US?
- jacquesm 14y agoHow will you prove that you traded with a country, company or individual that is embargoed?
- rprasad 14y agoYou don't have to prove anything; that is the job of the prosecuting agency.
- beering 14y agoEasy: some blogger in an embargoed country gains some notoriety, and then somebody else notices that they have a premium WP.com subscription. That's probably enough suspicious evidence to cause some headaches for the service provider.
- rprasad 14y agoThere are some tax issues with receiving money from certain foreign countries ("terrorist" nations or "israel boycott" nations) that limits tax attributes related to income received from such nations, so you get taxed on such income but generally are limited in your ability to deduct expenses related to such income. Legally, there are some export laws that may apply, but those depend on the good or service being exchanged.