The United States is an outlier: Its extraterritorial tax laws - TopicsExpress



          

The United States is an outlier: Its extraterritorial tax laws apply to American citizens and companies no matter where they are. We are the only country (except, arguably, Eritrea) that taxes all of its citizens on worldwide income rather than where the income is earned. Expatriate Americans have to pay taxes once, wherever they live, and then file again in the United States. . LONDON — THE MAYOR OF LONDON, Boris Johnson, who was born in New York and holds both American and British passports, recently said that he would not pay a tax bill from the United States on capital gains from the sale of his home in the London borough of Islington. Mr. Johnson pointed out that he hasn’t lived in America since he was 5. He’d like to renounce his citizenship, but said the process was “very difficult.” . nytimes/2014/12/08/opinion/why-im-giving-up-my-american-citizenship-passport.html?_r=1
Posted on: Mon, 08 Dec 2014 12:02:22 +0000

Trending Topics



.A first day post-operative client on a PCA pump reports that the
Listen to our latest podcast here -
THE KEY TO SUCCESS Joshua 1:8, “This Book of the Law shall not
TITLE: Barrack Boy EPISODE: 3 AUTHOR: Flow As she took every
SAP Business Objects 4.1 Training with Absolute Scenarios and
ASUS Transformer Prime TF201-B1-GR Eee Pad 10.1-Inch 32GB Tablet
**100 REVIEWS ON AMAZON*** This is the best week of my life! Not

Recently Viewed Topics




© 2015