Quote:
Originally Posted by faxxaff
Either way, passive income from the US has never been taxable at the source. All foreign affiliates with revenue from US companies are getting paid in full, always have. Then they pay taxes or not depending on where they reside.
If you find out otherwise most foreign GFYers would owe Millions of back taxes. ROFL.
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A domestic company paying a foreign person for income earned be it passive or not is subject to US tax of 30%.
What that person does or does not do with the money when it gets to their country is of no relevance but the law pertaining to taxes on that money before it leaves this country is quite clear and subject to U.S. tax of 30%.