Sprout
Really?
Wed Apr 10, 2019 4:17pm
192.86.118.84

So, if an American company owns a factory in Spain making widgets and those widgets are sold in Morocco with the funds transferred to Spain from Morocco, and the funds never entering the United States, that is US taxable income?

Interesting.

  • When they are based in the US, yes. (nm)Sia☺giah, Wed Apr 10 3:54pm
    • Really? — Sprout, Wed Apr 10 4:17pm
      • You don't KNOW that ?? Sia☺giah, Wed Apr 10 7:15pm
        https://www.greenbacktaxservices.com/blog/us-income-tax-reporting-requirements-foreign-businesses/ https://www.investopedia.com/terms/w/worldwide-income.asp In the United States, worldwide income... more
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