Re: Re: Re: Re: To Wade re: Xenophobia


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Posted by Jim Andrada on October 14, 2003 at 11:05:09:

In Reply to: Re: Re: Re: To Wade re: Xenophobia posted by LV on October 14, 2003 at 08:16:53:

When I lived in Japan I think it was only the first $70k. Must be inflation! Actually, as I recall it related to your filing date because I remember getting all kinds of dire warnings from our tax people not to file my US tax return until the magic 330 days had passed even if it meant ignoring April 15. They said the company would pay any penalties because the tax exclusion saved THEM more than the penalty amount.

The whole US overseas taxation thing is so complicated that even the folks at Price Waterhouse couldn't predict what the tax liability would be until after the fact. (post-dict???)

One good(?) aspect of the US tax attitude is that it creates foreign assignments for armies of US tax accountants.




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