Questions tagged [international]

To be used for a) questions about outside the country of current residence. For example, regarding how the U.S. taxes earnings generated by U.S. citizens outside of the country. and b) questions involving multiple countries. Where possible, questions should be tagged with a specific country tag.

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7 views

Foreign earned income exclusion for PhD student income

I am a US citizen. I live abroad and am enrolled in a PhD program at a foreign university, for which I receive ~20kUSD/year. I will refer to the money received from the university non-specifically as ...
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1answer
60 views

About to inherit assets located in Italy as a UK resident. Any tax liabilities, and if so, where?

I live, work, and pay my taxes in the UK. Sadly, my mother recently died. I am about to inherit some of her assets, which are all located in Italy, where she lived. I'll be inheriting a 25% share of ...
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34 views

If I own an ADS in a company that is delisted, can I exchange my ADS with shares of the same company in their original market?

Assume that I own some NYSE:CHA (American depositary shares (ADSs) for China Telecom Corp. Ltd.), which is scheduled to be delisted from NYSE sometime between Jan. 7 and Jan. 11, 2021 (mirror). Can I ...
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27 views

how does a non resident alien (Indian) file US taxes?

I have started an LLC in Delaware, USA. I am a non resident alien, living and working from India. The LLC is a sole proprietorship. As far as I know, I have to pay Delaware state annual tax of $300. ...
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20 views

Do the French tax authorities require French Forms 5000 and 5002 to be original, or can they be copies/scans?

I wonder whether French Form 5000 (mirror 1, mirror 2) a.k.a. CERFA 5000 and French Form 5002 (mirror) a.k.a. CERFA 5002 need to be original when sent to the French tax authorities (a.k.a. the Fisc),...
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1answer
78 views

What can I do if my French financial institution refuses to complete their part of French Form 5000 and 5002?

My French financial institution (Sogecap) refuses to complete their part of French Form 5000 (mirror 1, mirror 2) a.k.a. CERFA 5000 and French Form 5002 (mirror) a.k.a. CERFA 5002. This prevents me ...
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1answer
59 views

Living in Costa Rica on a temporary visa whilst remote working. What tax do I pay?

I'm a UK citizen who works as a self-employed (sole trader) Software Developer remotely for a variety of UK/US clients. I'm interested in moving to Costa Rica soon, which has a territorial tax system. ...
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1answer
93 views

Is it possible to use a international broker account as a saving account?

Say that I'm a citizen of country A, I want to save all my personal savings (obtained in A legally) in another country B (I don't care about the currency, as long as it's relatively stable), and I ...
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1answer
50 views

How to know if an international bond fund is currency hedged

I want to invest in only international bond funds that are currency hedged. How can I find out if a fund is currency hedged?
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1answer
170 views

What happens if you stop paying IRA and move to another country long before your retire?

I know this might depend on the bank, but as a general rule, what happens if you are under 50 and you have saved money into an Individual Retirement Account since you are 20, but then decide to move ...
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1answer
53 views

If working from outside the US for x days, will one fill one's US taxes as if one stayed the entire year in the US?

Assume a US citizen or a US lawful permanent resident is domiciled in California. Their employer's headquarters are based on California, and their work office is in California. If they go outside the ...
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28 views

After moving out of the US, should I wait until I'm no longer a resident for tax purposes before investing in EU-domiciled accumulating ETFs?

I'm a EU citizen (and US non-citizen) who recently moved back to EU from the US. I liquidated my US investments and my plan is to invest in EU-domiciled accumulating index fund ETFs (such as VUAA). I'...
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1answer
79 views

If an employee works from outside California but is declared by the company as working in CA, from how many days outside CA does it become an issue?

US companies need to know the location of their employees for tax and benefit purposes, while some US and non-US companies manage to allow some of/all their employees to work remotely. Assume that the ...
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1answer
66 views

Multinational income overview on the app stores [closed]

If a company or person earns money worldwide from his home country, let's say India for clarity, does the person file taxes for all countries he has supplied goods or services to? This in the case of ...
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23 views

Is the signature of a non-US branch of a US financial institution accepted by the French tax authorities for French Form 5000 a.k.a. CERFA 5000?

I am a US tax resident and I am currently outside the United States. I have to complete French Form 5000 (mirror 1, mirror 2) a.k.a. CERFA 5000, which requires to obtain the signature of a "US ...
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1answer
43 views

How can a compute the Thai customs taxes before receiving a package from outside Thailand?

I plan to receive a package sent from France to Bangkok, Thailand. The package contains 200 USD worth of shampoo and hair conditioner. How can a compute the Thai customs taxes before receiving a ...
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1answer
48 views

What is the deadline for a US bank and the IRS to sign French Form 5000 a.k.a. CERFA 5000?

What is the deadline for a US bank and the IRS to sign French Form 5000 (mirror 1, mirror 2) a.k.a. CERFA 5000? According to the Form 5000 instructions (mirror): Unless otherwise stipulated in the ...
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28 views

Is there public information indicating that a company is multinational?

I’m in transfer pricing and I’m wondering if there are any filings that indicate that a company is multinational? If so, is there any information on the number of subsidiaries the multinational ...
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69 views

Do the French tax authorities make exceptions regarding the deadline to complete Form 5000 in case of force majeure (e.g., closed IRS center)?

The IRS currently doesn't give any US Residency Certification Program (a.k.a. Form 6166, which can be obtained by filing Form 8802), according to https://www.irs.gov/forms-pubs/about-form-8802 (mirror)...
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44 views

Can one be a California tax resident while not being a US tax resident?

I read on Page 4 of FTB Pub. 1031 2019 (mirror) (I italicized the important passages): [Section E:] Who Are Residents and Nonresidents A resident is any individual who meets any of the following: ...
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1answer
82 views

UK ISA buying US stocks

I was wondering how stamp duty and tax works with buying and selling international stocks e.g. US companies. I currently don't get charged stamp duty when buying US stocks with my broker and have not ...
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0answers
64 views

Is there any upside in owning American depositary receipts (ADR) instead of owning the underlying stock directly, if that's possible?

American depositary receipts (ADRs) have some fees, their own risks and a few other downsides. Is there any upside in owning ADRs (e.g., AXAHY) instead of owning the underlying stock directly (e.g., ...
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1answer
106 views

To which country to pay the taxes if providing services online internationally? [closed]

If I provide services online to the international clients, do I have to pay the taxes only to the country of which I am a tax resident or I may have some tax obligations in other countries too? I ...
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1answer
57 views

What's the point of filing the FBAR in addition to one's US tax returns, which include Form 8938 (“Statement of Specified Foreign Financial Assets”)?

What's the point of filing the FBAR (FinCEN form 114) in addition to one's US tax returns, which include Form 8938 ("Statement of Specified Foreign Financial Assets")? FBAR seems to contain ...
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0answers
54 views

What to do with US retirement plan after moving to Canada

I have accumulated a few tens of thousands of USD in 403(b) retirement plans with TIAA and Fidelity. I recently moved to Canada. I am not planning to return to the US anytime soon or ever. Is it wise ...
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0answers
50 views

What are the implications of an Australian-domiciled S&P 500 ETF?

So I'm considering investing in the Australian IVV S&P 500 ETF. In 2018 it was converted from a US-domiciled fund listed on the ASX using depository receipts to an Australian-domiciled fund. I ...
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1answer
70 views

Ideal country for limited liability company (Ltd.) [closed]

Looking for and ideal country for an Ltd. with the following conditions: English is an official language It's creation and maintenance is at low cost You don't have to be resident of the country You ...
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1answer
112 views

Getting money transferred from abroad from my parents, would I get taxed?

I'm originally from Japan but living in the UK permanently on spouse visa now. My parents transfer money from Japan to my British bank every now and then like £8000 every year as a gift, does this ...
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1answer
139 views

Can a country that I live & pay taxes learn & know that I also pay taxes in another country?

I am a Turkish national, pay taxes in Turkey, but also if live & work & pay taxes in a Germany, can the German government know & learn that I also pay taxes to Turkey?
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2answers
1k views

Are there countries where children are forced to inherit their parents' debts?

Are there any countries in the world where the debts of the deceased must be inherited by the deceased's heirs? In the UK and USA, it seems to be well understood that if the deceased's estate is ...
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1answer
174 views

Do US delivery companies pay out insurance if the declared value of a package is $0?

I'm in the UK and about 6 months ago I sent some sports cards to a friend of mine in the US to get professionally graded through PSA✝. This took a while due to the pandemic, but PSA has now returned ...
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2answers
4k views

How do some companies allow some of/all their employees to work remotely from a tax standpoint?

I sometimes see job offers that allow employees to work remotely anywhere in the world. However, reading answers on Why does a US company need to know the location of their employees for tax purposes?,...
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1answer
63 views

Calculate investment return taking into account the currency change

Lets suppose an investor invests £10000 in a mutual fund denominated in pounds sterling, but whose underlying assets are all US stocks, therefore the underlying currency is US dollars. Lets suppose ...
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3answers
8k views

Why does a US company need to know the location of their employees for tax purposes?

I read in the news (mirror): [Facebook] would take a more “measured approach” with existing employees based on job function and past performance, he said, and set a January 1, 2021 deadline for ...
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0answers
19 views

Where to file income tax return?

If an android developer earns income from various countries is that person supposed to pay tax to each country or just file an US tax return and of that person's own country?
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17 views

International investing and currency fluctuations [duplicate]

Lets suppose a British investor has some participations (say, for a value of £10000) in a Britih (not hedged) fund or ETF whose underlying assets are in US dollars, but that is denominated in pounds ...
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24 views

Royalties from Europe, but live in U.S

My wife lives in the U.S., is both a U.S. and Spanish citizen, and is slated to receive a small amount of royalties (about 200 euros) from a publisher located in Spain. She has a bank account in ...
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3answers
126 views

If you buy asset in one country that is 2/3 owned by an investor in another country, what currency do you pay in?

I'm in the US. I want to acquire a UK-registered firm that is 2/3 owned by foreign investors. The UK firm is private. What currency must I use to make the purchase? Where is it written that this is ...
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1answer
27 views

In foreign mutual funds, what is the conversion fee?

I have found a mutual fund whose denominated currency is Euros but its underlying asset's currency is US Dollars (it tracks the S&P 500). The fund can be found here. While inspecting its fees, I ...
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1answer
99 views

How can you explain how international wire transfers work succinctly?

I'm interested in a conceptual explanation at the accounting level, i.e. who owes who what during the process. I couldn't find anything on the web or on YouTube. It's very cumbersome to describe in ...
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0answers
42 views

What are Americans living in the EU allowed to invest their money in e.g. stocks, ETFs, etc?

I am a US citizen living in Sweden and am completely confused and scared to invest my money due to all these complicated US tax rules which I don't even understand. I know that I am not allowed to ...
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1answer
57 views

How to MAXIMIZE Income Taxes Paid by a US Corporation (Controlled foreign corporation)?

Yes, you have read this right: I would like to maximize the taxes paid by a US corporation to make sure that its income tax rate is > 25%. This is a prerequisite to avoid the profits of the US ...
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1answer
30 views

How market regulations in different countries affect to the investment risk [closed]

There are some countries that have less market freedom than others (see Index of economic freedom by countries. Let's take into account only developed countries (USA, EU, UK, Australia etc.). Do ...
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0answers
80 views

In general, does “the market” prefer or dislike bottom-floor apartments/flats?

I can see both many pros and many cons of living in a bottom-floor apartment, as opposed to one on any other level/floor. I'm undecided myself, actually. However, I'm asking about what the general ...
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1answer
75 views

What taxes and fees to expect for income from Germany to USA

I am setting up a contract for freelance work that will be done from the USA for a client in Germany. At what rate will income from Germany to the USA be taxed? Are there other fees to think about?
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0answers
33 views

How should I report a Foreign Financial Account that contains more than one currency on TurboTax?

I use Turbotax to prepare my taxes in the United States. How should I report a Foreign Financial Account that contains more than one currency on TurboTax? All currencies are in the same account number....
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0answers
36 views

Can the recipient if my international wire transfer request my ID?

I sent a large amount international wire transfer in EUR to a merchant (business account) in France. On my end I see the transaction as "complete" in my bank. The recipient asked for a copy of my ID. ...
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0answers
139 views

What does Turbotax mean by “This account did not have income, deductions, or credits associated with it in [year]”?

I use Turbotax to prepare my taxes in the United States. When declaring foreign financial account, Turbotax asks: What does Turbotax mean by "This account did not have income, deductions, or ...
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1answer
128 views

Getting a loan for property abroad

My situation: We live in the UK, and have some money saved up for deposit to buy a house here. Getting a mortgage for this case would not be a problem. We're trying to get money for self-build ...
2
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1answer
31 views

Does electing to file a joint return abroad (US citizen with retired alien) eliminate tax due on alien's Soc Sec benefits?

My husband and I are retiring in France. Both of us have US Social Security benefits due us. I am a US citizen, spouse is a non-resident alien. If we elect to file a joint 1040 so that he is treated ...

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