Comment by danielheath
18 days 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.
18 days 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.
In 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.
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.
We (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.