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Tax & Legal

Tax & Legal

Extended limited tax liability if income is subject to U.K. tax on remittance basis?


A taxpayer resident in the U.K. who exercises his right under U.K. tax law  to pay tax on income not earned in the U.K. on a “remittance basis” is caught by the preferential taxation regime of Sec. 2 (2) No. 2 Foreign Tax Act and subject to extended limited tax liability in Germany. Continue reading