Most countries require their residents, foreigners included, to pay taxes on worldwide income and capital gains.
Americans too have looked for greener pastures given our controversial worldwide income tax system.
FORBES: Putin's Tax Ploy: Give Us Your Wealthy, Your Actors, Your Fed-up
Our worldwide income tax system is becoming more controversial, yet is unlikely to change.
FORBES: Brits, Yanks And French Show Fleeing High Taxes Is Universal
U.S. citizens and permanent residents must report all worldwide income on their U.S. tax returns.
U.S. citizens and permanent residents are required to report their worldwide income on their tax returns.
The first taxes companies and people on their worldwide income, irrespective of where it was earned.
The United States taxes its citizens and its resident aliens on their worldwide income.
Generally most states tax residents on their worldwide income and non-residents on income sourced to that state.
FORBES: Private Residence Club Does Not Trigger "New York Rule" On Resident Status
American citizens are required to report all of their worldwide income every year when filing their tax returns.
The new law also requires post-June 3, 2004 expats to file extensive disclosures--worldwide income, days in the U.S., etc.
The larger problem is the U.S. worldwide income approach and what for many is a significant degree of non-compliance.
Meanwhile, the U.S. worldwide income tax is a bigger issue than mere rates.
FORBES: Nicolas Sarkozy And Carla Bruni To Flee 75% Tax Like Gerard Depardieu
In his prepared testimony, McDonald embraced lower rates and a dramatic shift in the way the U.S. taxes worldwide income.
FORBES: Corporate Tax Reform: The Winners And Losers Problem
Report your worldwide income including interest on the foreign account and other earnings even if the foreign income is taxed elsewhere.
The U.S. attempts to tax worldwide income while giving companies a credit for taxes they pay to those countries where they earn foreign income.
The tax penalties for failure to report your worldwide income can be severe, but the penalties for failure to file FBAR forms are far worse.
U.S. citizens and permanent residents must report their worldwide income to the IRS. That includes interest on foreign accounts even if taxed in another country.
FORBES: Beware Bank Interest Reporting Even For Nonresidents
Federal form 1040NR, U.S. Nonresident Alien Income Tax Return. (downloads as a pdf) Like it or not, the U.S. imposes a tax on worldwide income for its citizens and residents.
FORBES: A Beginner's Guide To Taxes: Which Tax Form Should I File?
Siddalls said It sounds as if Gilly is a French resident, and as such, she would be liable to French taxation on her worldwide income and assets, even if "offshore".
Americans must pay U.S. tax on their worldwide income.
FORBES: Legal Offshore Tax Planning? Yes, it Sounds Discriminatory
Expats Lobby For Tax on Residence, Not Worldwide Income.
FORBES: Putin's Tax Ploy: Give Us Your Wealthy, Your Actors, Your Fed-up
U.S. citizens and permanent residents must report worldwide income.
Unlike most other nations, the US taxes its persons on their worldwide income irrespective of where the individual lives, where services are performed, where investments are sited and held, and where remuneration or other payments are remitted.
FORBES: Renouncing One's US Citizenship -- Meaningful Trend Or Visceral Overreaction?
As a result, a surprisingly high number of people were born in the US or a US territory and therefore are dual citizens of their home country and the US. While there are many benefits of US citizenship, once an individual is subject to the US tax regime, the individual is taxed on his worldwide income.
Congress expressly denied IRS statutory authority to assess additional tax from taxpayers after 3 years from the date the taxpayer complied with his statutory legal duty to sign and file his non-fraudulent tax return with IRS, under penalty of perjury, with payment of the tax calculated by the taxpayer against his worldwide gross taxable income (WGTI).
FORBES: IRS Lacks Statutory Authority to Extend Time to Assess Tax
Branko Milanovic, lead economist for the World Bank research group, sent me this comparative analysis based on household income or consumption surveys worldwide, adjusted for purchasing power differences.
"Suntech's default may impact market sentiment in the short term, " said Bryan Collins, fixed-income portfolio manager at Fidelity Worldwide Investment.
The BlackRock segment manages assets on behalf of institutional and individual investors worldwide through a variety of equity, fixed income, multi-asset class, alternative and cash management separate accounts and funds, including iShares.
Are they agitating for governments to impose worldwide taxation so that companies are double-taxed on any income earned (and already subject to tax) in other jurisdictions?
Seagram's (52, VO) movie operations have stopped losing money, liquor is rebounding worldwide and the stock is a cheap play on music sales at 10 times operating income.
应用推荐