Sentences with phrase «pay tax on foreign»

If I have to pay tax on foreign income, then are there any other concessions?

As well, you pay no tax on foreign - earned income such as pensions, investment earnings or business proceeds.

With Labour apparently gaining momentum, Miliband's team prepared to unveil one of its big pre-election announcements, its pledge to scrap the loophole that allowed «non-domiciled» residents of the UK to pay no tax on foreign income.

Though many tech companies had been stockpiling cash overseas to defer paying taxes on their foreign profits, the new law requires companies to pay taxes on those holdings immediately but at reduced rates.

Paying $ 38 billion in taxes now is unlikely to strain Apple's checkbook because the company had already earmarked $ 36.4 billion in anticipation that it would eventually have to pay taxes on its foreign earnings.

SAN FRANCISCO — Apple, which had long deferred paying taxes on its foreign earnings and had become synonymous with hoarding money overseas, unveiled plans on Wednesday that would bring back the vast majority of the $ 252 billion in cash that it held abroad and said it would make a sizable investment in the United States.

I referred to tax - funded benefits in my question, but this does not provide an answer to why the US draw different conclusions from this than the rest of the world (who also provide such benefits to expats, even if they don't pay taxes on foreign income).

Not exact matches

The Senate tax bill addition could mean Gulf carriers and some other foreign airlines will have to pay taxes on revenue earned in the U.S.

Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personntax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personntax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnTax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.

In a move to reduce the flow of foreign cash into markets like Toronto and Vancouver, the government said it will tighten a loophole on an exemption that allows homeowners to avoid paying capital gains tax on the sale of a principal residence.

Policymakers have bemoaned that companies make money in foreign companies but avoid having to pay federal tax on that income, which robs the U.S. Treasury of revenue.

However, cross-border purchases can take buyers out of their comfort zone, forcing them to pay in a foreign currency at unclear exchange rates, unable to use their preferred payment methods and unclear on questions of duties, taxes, customs, shipping, and other hidden costs.

In addition to paying a lower corporate tax rate in Hong Kong or Singapore, companies are allowed to deduct a 10 percent return on their foreign investment in factories before a new minimum tax is applied.

These regulations are related to withholding of tax on certain U.S. source income paid to foreign persons, information reporting and backup withholding with respect to payments made to certain U.S. persons, and portfolio interest paid to nonresident alien individuals and foreign corporations.

The number one punch against the Ukraine by the IMF was to impose austerity on the pretense (its junk economics) that Ukraine could pay its foreign bondholders with income taxed out of its domestic economy.

There are measures that are no - brainers: why are foreign companies spared sales tax on advertising and subscription sales that Canadian competitors pay; and why are 19th - century charity laws allowed to hinder philanthropic foundations from supporting journalism?

Last week Thailand acted on similar lines by no longer exempting foreign investors from paying a tax on its bonds, with the Thai finance minister warning of more to come.

Foreign tax credit: A credit that allows U.S. residents to subtract foreign income taxes paid from the U.S. income tax due on income earned Foreign tax credit: A credit that allows U.S. residents to subtract foreign income taxes paid from the U.S. income tax due on income earned foreign income taxes paid from the U.S. income tax due on income earned abroad.

Foreign Tax Credit Information These amounts represent the foreign taxes paid and foreign source income as designated by the fund that is allocated to shareholders of record on the date (s) notedForeign Tax Credit Information These amounts represent the foreign taxes paid and foreign source income as designated by the fund that is allocated to shareholders of record on the date (s) notedforeign taxes paid and foreign source income as designated by the fund that is allocated to shareholders of record on the date (s) notedforeign source income as designated by the fund that is allocated to shareholders of record on the date (s) noted below.

This money too can be spent on foreign assets, real estate, stocks, bonds, luxury cars, clothing, and the purchase of political favors, as well as to pay taxes to foreign governments on these holdings and the income they generate.

Foreign tax paid allocated to shareholders is reported on Form 1099 - DIV, box 6 and is also included in box 1a, Total Ordinary Dividends.

U.S. companies have stashed $ 2.5 trillion in cash overseas in order to avoid paying the 35 % U.S. tax rate on repatriated foreign profits.

I pay the reduced foreign withholding tax of 15 % on the ENB dividend and will recuperate it during my year - end tax filing.

A U.S. company that benefits from U.S. commercial advocacy, U.S. negotiations on its behalf, U.S. research and development and so on should pay a minimum tax on its foreign income of 15 to 20 percent.

It will force everyone to pay taxes on accumulated foreign earnings, thus removing any incentive for keeping them offshore.

The bill also changes tax provisions for American companies abroad: Corporations will no longer have to pay corporate taxes on money they claim to have earned abroad — a move that could encourage companies to keep income in foreign tax havens.

Anyway, I'm willing to bet you still pay taxes to a government that promoted slavery once and bombs and spies on foreign countries unjustly.

The Pharisees, on the other hand, as observant Jews, were offended at the thought of paying taxes to a foreign government.

And we will pay for it by introducing a mansion tax on properties worth over # 2m, introduced in a fair way, so that foreign investors who buy up property in London to make a profit will finally pay a proper tax contribution to our country.

Many foreign countries in the developed world, instead tax corporate profits at a higher rate, resulting in higher corporate taxes collected, but credit corporate taxes paid against the tax due on dividends distributed, eliminating double taxation.

But still, foreign drivers — who number one in eight of all those on the roads — have a huge advantage over British drivers as they pay no road tax or other charges.

Sal Albanese, the Democratic NYC mayoral primary hopeful, proposed a tax on wealthy foreign landlords to pay for affordable housing.

If you have a single jurisdiction that can control the entire corporate tax system, one of the easiest and most common ways to integrate corporate and individual level income taxes is to impose taxes on corporate profits at the corporate level, but then to give recipients of dividends who are subject to domestic income taxes a credit equal to the percentage of income paid by the dividend paying corporation, treating the corporate income tax as a withholding tax that becomes final when dividends are distributed to foreign taxpayers who don't pay domestic income taxes.

Steampunk (and Harlequin and Amish romance) author Shelley Adina joins us today to talk about managing multiple pen names and genres, keeping a long - running series fresh (and selling), paying for foreign translations of indie books, and working the cons to get in touch with more readers (and take trips you can write off on your taxes!).

Of course, if the reverse were true (you paid foreign tax of $ 250 when your United States tax on the same amount would be $ 360) you still get only $ 250 credit because that's all the foreign tax you paid.

Or it's paid by a foreign corporation that benefits from an income tax treaty or trades on a U.S. stock exchange, like ADRs.

I think it works this way — there is at tax time a statement of foreign investment income and taxes paid on these investment and I'm pretty sure you can use this as a credit on your Canadian taxes which means taxes are paid to the US inside TFSA or RESP and credit is made outside.

On the other hand, by holding international stock index funds in your taxable account, you benefit from the fund's credit for foreign taxes paid — a benefit that's lost if you hold the fund in a retirement account.

Currently, U.S. corporations have to pay U.S. taxes on their profits earned abroad, and the new system will end this effective double - taxing of foreign profits.

Additionally, the Foreign Account Tax Compliance Act, a new federal mandate requiring stricter reporting guidelines on foreign financial assets, often used by millionaires as a way to avoid paying taxes, began implementation iForeign Account Tax Compliance Act, a new federal mandate requiring stricter reporting guidelines on foreign financial assets, often used by millionaires as a way to avoid paying taxes, began implementation iforeign financial assets, often used by millionaires as a way to avoid paying taxes, began implementation in 2013.

In order to avoid paying self - employment taxes in both the U.S. and the foreign country, U.S. expats may be able to rely on a social security totalization agreement between the U.S. and the foreign country.

Or can the company hire me on a fixed - contract without processing tax / NI in Switzerland and making me responsible for paying my tax in the UK by putting it through as foreign income (as employment, rather than self - employment).

Canadian tax you pay on your Canadian tax return may likely be eligible to claim on your foreign tax return as a foreign tax credit, meaning you would have a reduction in your foreign tax to account for Canadian tax already paid.

Your tax rate on eligible Canadian dividends is just 11 %, while you'll pay 33 % on dividends from foreign stocks.

Mutual funds that invest in foreign stocks pay taxes to the appropriate country on dividends generated by those investments.

Mutual Funds that invest in foreign equity securities earn dividends and pay taxes on those dividends to various countries.

Foreign Tax Credit Information These amounts represent the foreign taxes paid and foreign source income as designated by the fund that is allocated to shareholders of record on the date (s) notedForeign Tax Credit Information These amounts represent the foreign taxes paid and foreign source income as designated by the fund that is allocated to shareholders of record on the date (s) notedforeign taxes paid and foreign source income as designated by the fund that is allocated to shareholders of record on the date (s) notedforeign source income as designated by the fund that is allocated to shareholders of record on the date (s) noted below.

Foreign tax paid allocated to shareholders is reported on Form 1099 - DIV, box 6 and is also included in box 1a, Total Ordinary Dividends.

Canadians living outside B.C. who own a property in these areas will be subject to a one per cent tax based on the assessed value, while foreign owners will pay two per cent.

The calculation on sold foreign property can get complex as there may be withholding tax in the host country, you may not get credit for this tax you pay, and you will also need to take into consideration the differences in the exchange rate.