Cambodia on alert for US taxpayers.
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Cambodia on alert for US taxpayers.
With the Internal Revenue Service (IRS), the tax-collection arm of the United States government, stepping up its global sweep to catch American individuals and corporations hiding their overseas earnings, the American Chamber of Commerce in Cambodia yesterday held a presentation for investors and financial institutions to make sure they are in compliance with US tax laws so as to avoid the discomfort of an IRS probe...
He [Joseph Lovell, a senior legal counsel at regional law firm Sciaroni and Associates] said that under the FACTA framework, an American citizen that is living, working or merely holding a Cambodian bank account in Cambodia, would not likely need to file with the IRS unless their assets or income are valued above the $200,000 to $300,000 “trigger”.
Full article: http://www.phnompenhpost.com/business/c ... -taxpayers
He [Joseph Lovell, a senior legal counsel at regional law firm Sciaroni and Associates] said that under the FACTA framework, an American citizen that is living, working or merely holding a Cambodian bank account in Cambodia, would not likely need to file with the IRS unless their assets or income are valued above the $200,000 to $300,000 “trigger”.
Full article: http://www.phnompenhpost.com/business/c ... -taxpayers
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Re: Cambodia on alert for US taxpayers.
poor ole yanks!
i am on these blocked lists;
pucketrichard
hotdgr
sailorman
rozzieoz
stroppychops
pucketrichard
hotdgr
sailorman
rozzieoz
stroppychops
- bolueeleh
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Re: Cambodia on alert for US taxpayers.
US is desperate for every dime , tsk tsk
Money is not the problem, the problem is no money
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