Employment Taxes And The Self-Employed Global Worker – So “Un”Happy Together – Part I (1)
Domestic Administration of Social Security Taxation and the Scope of International Coordination – The United States social security program consists of benefits collected from taxes on employers, employees, and the self-employed, and distributions paid out to retired workers and their dependents and survivors. There are three aspects of the United States social security program. First, […]
UNDERSTANDING THE SOURCE OF INTEREST RULE WITHOUT SUFFERING A MIGRAINE
As a general rule, interest paid by individuals, partnerships, and trusts takes its source from their place of residence. A natural corollary to this rule is that interest paid by individuals, partnerships, and trusts that are “residents” of the United States has U.S. source. This source rule has consequences that both borrowers and lenders will […]
THE PROBLEM OF INTERNATIONAL DOUBLE TAXATION
U.S. citizens and residents are taxed on their income from all sources worldwide. Worldwide taxation by the U.S. does not disarm the taxing power of other countries. Americans pursuing income outside of the U.S. are bound to encounter tax collectors asserting their own national claims. The world is awash in possibilities of double taxation. Check […]