Читать книгу Larry's 2015 U.S. Tax Guide for U.S. Expats, Green Card Holders and Non-Resident Aliens in User-Friendly English - Laurence E. 'Larry' - Страница 9

Executive summary: yes, you are entitled to a credit, offsetting your U.S. income tax with foreign income taxes paid but contrary to the most widely believed misconception, you will not get dollar-for-dollar.....and you might not get any credit at all.....SO BE AWARE!!! If you have to pay taxes, a lot of taxes to the jurisdiction where you have residency, even if it is a low tax jurisdiction, you might just be able to offset some of your U.S. tax obligation through the foreign tax credit. The tax you pay must qualify as income tax (not social welfare tax) legitimately owed or paid. And rest assured, you’ll definitely benefit if the foreign country where you reside taxes you at a higher rate than in the U.S. In China, for example, where there is a 45 percent maximum individual income tax, if you are earning enough to be in that bracket and paying a portion of your tax in the PRC at that amount, then you, as a U.S. expat or green card holder, will not likely have any U.S. individual income tax on that portion of your income because China is extracting more from you than the IRS is, in this instance.

Simultaneously, U.S. expats in Hong Kong – remember: one country/two systems through 2047, at which time Hong Kong’s tax system will be run by the State Administration of Taxation and not the Inland Revenue Department; until

such time, though, Hong Kongers who fall under the auspices of Hong Kong law must deal with the Inland Revenue Department – they will likely face a U.S. income tax as there is a 16.5 percent individual income tax in Hong Kong – far less than that 33 percent ‘entry level’ U.S. tax.