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Money and low taxes. Reason why thousands of people from Asia work in the middle-east despite piss-poor conditions. EDIT: Sorry, I didn't read "well-off". Stil
by b0sk 12y ago
Money and low taxes. Reason why thousands of people from Asia work in the middle-east despite piss-poor conditions.
EDIT: Sorry, I didn't read "well-off". Still, more money is the answer.
- _nedR 12y ago>>Money and low taxes More like no taxes. From what i heard, they have no sales tax, or income tax (including companies). And a flat 5% duty on all duty (with that even exempted on certain goods such as computers).
- marincounty 12y agoI thought expats(American) were required to pay U.S. taxes? https://americansabroad.org/issues/taxation/us-taxes-while-living-abroad-faq/ https://americansabroad.org/issues/taxation/us-taxes-while-l...
- maxerickson 12y agoThey are required to file US taxes. Between the $100,000 foreign income exclusion and the foreign tax credit, many will not owe any tax. http://www.irs.gov/Individuals/International-Taxpayers/Foreign-Earned-Income-Exclusion http://www.irs.gov/Individuals/International-Taxpayers/Forei... http://www.irs.gov/Individuals/International-Taxpayers/What-Foreign-Taxes-Qualify-For-The-Foreign-Tax-Credit%3F http://www.irs.gov/Individuals/International-Taxpayers/What-...
- justincormack 12y agoThere is no tax credit if there is no tax in the country you are in.