Masami Hibino

Global tax liability

We know that US tax responsibility is based on global income as opposed to strictly US related income. Doesn’t this create problems such as double taxation?


Marko Issever
May 28, 2018 04:57 PM  Marko Issever

Absolutely not. US has a tax treaty with most countries in the world. After they receive the conditional green card, if the investor continues to have income in their home country, this income is added to their global income including their earnings in the United States if any. Based on their consolidated income, a US tax liability is calculated. However, in most cases the taxes paid on the foreign income is deducted and the investor is only liable to pay the tax due on the difference. In other words, the tax liability is calculated as if all the income was earned in the US. Instead of paying IRS this sum, the investor in most typical cases is able to deduct the taxes paid to other jurisdictions and owe IRS only the balance.


Securities Disclaimer

This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.