Comment by shivasaxena
18 days ago
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.
18 days ago
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.
I believe most, if not all, European countries tax residents on worldwide employment and capital income.
It’s not just Ireland, almost all (if not all?) EU counties do it:
https://europa.eu/youreurope/citizens/work/taxes/income-taxe...
You mentioned Estonia in another comment - it might be the case that Estonia is a special case or has a scheme for attracting talent that doesn’t include worldwide tax
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