Re:EU top court confirms Apple's €13 billion tax bill in the EU
by gleenn on Tuesday September 10, 2024 @06:34PM
(#41506298)
My understanding, despite the fact I'm definitely not an accountant, was that making over $100K abroad meant you would be double taxed on all of it over that amount. I believe I heard many wealthy Americans abandoning their citizenship just due to this fact.
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Re:EU top court confirms Apple's €13 billion tax bill in the EU
by lifeformed on Tuesday September 10, 2024 @10:43PM
(#41507583)
You get credit for the taxes you paid in the foreign country for the amount over that threshold.
Re:EU top court confirms Apple's €13 billion tax bill in the EU
by gamblor956 on Tuesday September 10, 2024 @11:43PM
(#41507839)
That is definitely wrong. You are subject to a single level of tax on your personal income (in the US). But you might have to split it up between multiple jurisdictions if some of that income is earned in another country.