Tax Rates Reflect Standard Of Living: Difference between revisions

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Revision as of 02:19, 16 October 2024

Through the proposed DTC / GST legislations, the government has acknowledged the demand for new revenue system however the proposed new laws apparently appear become even more complicated then this current one.

Basically, the internal revenue service recognizes that income earned abroad is taxed via resident country, and in a position to excluded from taxable income with the IRS should the proper forms are lodged. The source of the income salary paid for earned income has no bearing on whether it is U.S. or foreign earned income, but rather where activity or services are performed (as a example associated with the employee working for the U.S. subsidiary abroad, and receiving his pay check from the parent U.S. company out of your U.S.).

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