📰 Today's top stories, curated for you by Zorz Studios: http://zorz.it/newspaper
This garden #GlamWedding was full of colorful, show stopping details;
- How to take #SharpPhotos in 12 tips;
- Understanding #DoubleTaxation: causes, effects and solutions explained;
- 8 of the best new arrivals at #Finisterre this June;
- An #art lover’s guide to #Istanbul, and more
South Korean and Japanese tax authorities agree to strengthen cooperation on overseas asset concealment and tax evasion, while supporting businesses to prevent double taxation.
#YonhapInfomax #NationalTaxService #TaxEvasion #OverseasAssets #KoreaJapanCooperation #DoubleTaxation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=58922
How the U.S.-Spain Tax Treaty Prevents Double Taxation 🇺🇸🇪🇸
✅ Avoid being taxed twice on income earned in both countries.
✅ Claim foreign tax credits & exemptions for smoother tax filings.
✅ Reduced tax rates on dividends, pensions & business profits.
#USSpainTaxTreaty #Expats #DoubleTaxation #TaxPlanning #WealthManagement
Free Expat Tax Planning eBook: https://zurl.co/K853q
Do I Need to File U.S. Taxes if I Live in the UK? 🇬🇧🇺🇸
✅ Yes! U.S. citizens & green card holders must file a U.S. tax return, even if they live abroad.
✅ Claim the Foreign Earned Income Exclusion (FEIE) or Foreign Tax Credit (FTC) to reduce tax.
✅ The U.S.-UK tax treaty helps prevent double taxation.
💬 Need expert tax advice? Book a call today!
#USTaxes #ExpatsInUK #DoubleTaxation #TaxPlanning #WealthManagement
📘 Free Expat Tax Planning eBook:
https://zurl.co/2fEc4
What is the 'Beckham Law' & How Does It Affect American Expats in Spain? 🇪🇸💰"
The Beckham Law offers a flat 24% income tax rate for the first 6 years of residency in Spain.
✅ Designed for high earners moving to Spain.
✅ Excludes U.S. tax treaty benefits—risk of double taxation.
✅ May not be ideal for U.S. expats due to IRS worldwide taxation.
#BeckhamLaw #USExpats #SpainTax #TaxPlanning #DoubleTaxation #WealthManagement
📖 Free Expat Tax Planning eBook: https://zurl.co/IhdsW
💼 US Expats in the UK: Maximise Your Tax Savings with FEIE! 🇺🇸🇬🇧
Did you know the Foreign Earned Income Exclusion (FEIE) lets you exclude up to $130,000 (2025) from US taxes if you qualify? ✅ Avoid double taxation & keep more of your hard-earned income!
💡 Want to save more? Download our free guides:
📖 Expat Tax Planning eBook: https://zurl.co/7jXoz
#Expats #FEIE #USTaxes #UKTax #WealthManagement #TaxPlanning #DoubleTaxation #FinancialFreedom
Are ISAs Taxable in the USA? 🇬🇧➡️🇺🇸
If you're a UK expat in the U.S., your Individual Savings Account (ISA) isn’t tax-free! 🚨 The IRS does not recognise ISAs as tax-exempt, meaning:
✅ Interest & dividends are taxable in the U.S.
✅ Capital gains may also be taxed.
✅ Reporting is required on FBAR & FATCA.
📌 Plan wisely to avoid penalties!
#USExpats #ISATax #UKtoUSA #DoubleTaxation #ExpatFinance
📚 Free Expat Tax Planning eBook: https://zurl.co/WHbVZ
Avoiding Double Taxation Between the U.S. & Spain 🇺🇸➡️🇪🇸
Here’s how to reduce or eliminate double taxation:
✅ Use the U.S.-Spain Tax Treaty to determine where you owe tax.
✅ Claim Foreign Tax Credits (FTC) to offset U.S. taxes.
✅ Use the Foreign Earned Income Exclusion (FEIE) to reduce taxable income.
💡 Smart tax planning can save you thousands!
#USExpats #TaxSavings #DoubleTaxation #ForeignTaxCredit #SpainTaxes #ExpatLife
📘 Free Expat Tax Planning eBook: https://zurl.co/tEBQd
Continuing my own mini-filibuster inspired by Booker's unbelievable one, I want to add also my thoughts on the issue of deregulation of consumer protections.
In a 2009 essay, I made an argument that credit cards, especially the high rate ones, are a safety net of last resort, available to the poor who are ABANDONED by public safety nets, but who are forced to rent a second government that DOES offer a safety net. Those high interest rates are the TAX they pay to that privately rented government that offers them a lifeline. But the tax is not deductible. So they are double-taxed in a way rich people and businesses would never stand for. That's overly brief, but maybe you see where I was going. See the essay for more detail.
Credit Cards: A Tax on "Being Poor"
https://netsettlement.blogspot.com/2009/01/credit-cards-a-tax-on-being-poor.html
#BookerSolidarity #BookerFilibuster #SenatorBooker #SenatorCoryBooker #Booker #Fascism #Oligarchy #GoodTrouble #USPolitics #politics #CreditCards #taxation #DoubleTaxation #inequality #poverty #SafetyNet
Will You Be Taxed in Both the US & UK if You Move to the UK? 🇬🇧🇺🇸
✅ Yes! The US taxes citizens on worldwide income, even if you live in the UK.
✅ The UK taxes residents on income earned there—double taxation is possible.
✅ Tax treaties & exclusions (e.g., Foreign Earned Income Exclusion) can reduce the burden.
📩 Free Expat Tax Planning eBook: https://zurl.co/woY2B
#Expats #USTaxes #UKTaxes #DoubleTaxation #WealthManagement #TaxPlanning
How Do I Report My UK Income on My US Tax Return? 🇬🇧➡️🇺🇸
If you’re a US expat earning in the UK, the IRS still wants its share! Here’s what you need to know:
✅ Report ALL foreign income on your US tax return (Form 1040)
✅ Use the Foreign Tax Credit (Form 1116) to avoid double taxation
✅ File an FBAR if you hold £10K+ in UK bank accounts
#USExpatTax #DoubleTaxation #ForeignIncome #UKtoUS #TaxPlanning
📖 Free Expat Tax Planning eBook: https://zurl.co/vk2yr
Avoid Double Taxation When Moving from the UK to the USA! 🇬🇧➡🇺🇸
✅ Claim the US-UK Tax Treaty to avoid paying tax in both countries.
✅ Use the Foreign Tax Credit (FTC) to offset UK taxes against your US liability.
✅ Consider the Foreign Earned Income Exclusion (FEIE) for tax-free earnings abroad.
Plan ahead to keep more of your wealth!
#UKExpats #DoubleTaxation #USUKTax #TaxPlanning #WealthManagement #Expats
Free Expat Tax Planning eBook: https://zurl.co/HbBi6
South Korea's ruling party proposes full inheritance tax exemption for spouses, aiming to eliminate "double taxation" and align with generational transfer principles
#YonhapInfomax #InheritanceTax #SpousalExemption #TaxLawAmendment #PeoplesPowerParty #DoubleTaxation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=54413
Canada faces potential 50% steel tariffs next month as Trump administration imposes overlapping universal and sector-specific duties, complicating trade negotiations
#YonhapInfomax #CanadaTariffs #TrumpTradePolicies #SteelAluminumTariffs #DoubleTaxation #USCanadaTrade #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=50559
"Republican Desperation in Full View as they Careen From Threatening Americans Abroad to Pandering."
Previously Trump claimed that Americans exercising their legal right to #VoteFromAbroad were "cheating" by "voting illegally", which is a lie.
Now he's claiming that he supports ending #DoubleTaxation of #AmericansAbroad.
If you believe that, we have a bridge to sell you...
#DemocratsAbroad will continue to fight for American #Citizens' legal right to #VoteFromAnywhere!
Good quote. Chomsky has some keen insights.
I'm not an accountant or a lawyer, but that won't keep me from offering some related opinions here. Sorry this will be slightly US-centric, though I won't be surprised if there are echoes elsewhere.
I assume he's talking about tax deductibility of advertising for business as an ordinary and necessary business expense.
There are those of us who think that corporations should not be "legal people", trying to get rights that were created for people, not corporations. The flip side of this that gets far less attention is that corporations have rights people do not.
The "ordinary and necessary business expense" means that there is an activity fundamental to the core of the existence of a company's interests. The scrutiny is MUCH higher for individuals, who may feel their own core identity needs some advertising, EVEN IF it is not a business.
And so ordinary and necessary expenses of simply being alive are not deductible by human people, which seems an abomination. It's ridiculous. For example, interest on loans including high interest credit cards is not deductible by ordinary humans.
It used to be, but that right went away. It is a privilege of the rich now. You can deduct interest related to loans secured against your house. That sounds good, said that way, if you think it's intended to incentivize you to invest in your house. But an implication is that if I buy a pleasure yacht and secure the loan against my house, I can deduct the interest. But if I make ACTUAL upgrades to my home and pay for them on a credit card that is NOT secured against my home, I cannot deduct it.
So, back to the quote, we pay in other ways that are related but more subtle. We are told and eventually come to believe that the "ordinary and necessary expense" thing is a strong argument for justifying that OF COURSE such expenses cannot be seen as "profit". And yet we are routinely taxed in our ordinary lives in ways that are OBVIOUSLY not profit to ourselves, that are obviously taxes on our existence, and that is apparently not obviously something we should get as a reason not to be taxed.
Related reading: My 2009 essay Credit Cards: A Tax on "Being Poor", where I argue that this kind of disparity creates "double taxation" on private individuals.
http://netsettlement.blogspot.com/2009/01/credit-cards-a-tax-on-being-poor.html
#CreditCards #deductible #deductibility #taxation #DoubleTaxation #LegalPerson #corporations
It's not always easy to avoid double taxation. If I sell some funds in my IRA and withdraw the money the following year, then the sale is taxable as capital gains in Sweden, and the withdrawal as work income in the US. Different categories in different years. If anyone knows a tax specialist for both countries, please let me know.
NRIs with income over ₹3 lakh in India must file tax returns. 📑 Key steps include determining your status, calculating taxable income, and claiming double taxation relief. Use ITR-2 or ITR-3 forms and ensure timely filing to avoid penalties. 🕒 Follow the guide to file accurately and stay compliant! ✅
Details here 🔗https://www.setindiabiz.com/learning/itr-2-filing-for-nri
#NRITax #IncomeTax #ITR #TaxCompliance #DoubleTaxation #Setindiabiz
Revealing Singapore's Corporate Tax Insights with InCorp Global
Explore the complexities of Singapore's corporate tax rates with InCorp Global's detailed guide. Discover the advantages of Singapore's favorable tax system for your enterprise and uncover tax planning tactics to minimize your business's tax liabilities.
Visit, https://www.incorp.asia/singapore/guides/corporate-tax-system/
.
#companytaxrate #doubletaxation #businessinsingapore
#ECJ - Corporate #IncomeTax in #Gibraltar: the national authorities responsible for the recovery of a #StateAid classified as unlawful may apply a domestic provision in order to prevent #DoubleTaxation 👉 https://curia.europa.eu/jcms/jcms/Jo2_7052/
🐦🔗: https://nitter.eu/EUCourtPress/status/1570336339199164418
