Comment by macleginn
18 days ago
It’s standard in Europe and many other countries to tax their “tax residents” on their worldwide income. The tricky part is that sometimes that external income is also taxed at source, but this is usually taken care of by tax treaties, which means that you pay the higher of the tax rates, but only once.
I live in europe, and I would be breaking the law if this would true. Would love to see some citations.
It's only the US which taxes worldwide income. It's not true for rest for the world.
Most countries tax worldwide income for the tax residents. Where the US is different is that US citizens need to report their income (and sometimes pay taxes) even if they don’t live in the US.
You may be breaking the law. It’s common to owe taxes on world wide income in your country of tax residence. I imagine this is the same across the EU but open to be corrected
https://taxsummaries.pwc.com/ireland/individual/taxes-on-per...
Ok, so it's only US and Ireland and maybe a few others that tax worldwide income.
Still the common norm is that PIT is only levied on income earned in the country.
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