SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: sense who wrote (170316)4/8/2021 3:42:10 PM
From: Sun Tzu  Read Replies (2) | Respond to of 217786
 
>> because that's where the job takes you. And the first thing you do is transfer money to set up a bank account in the new locale... what, exactly, is the practical justification for taxing that transfer of your own funds... from an account you own to an account you own ?

Quite simple. You did not pay taxes on the earnings that you are moving out of the country (not fully anyways). Until you do, that money is leased not owned. Pay your taxes and you can take them wherever you want.