Personal Investments • Foreign Tax Credit

Am I wrong to conclude then that this gives me a choice which country to pay taxes (to a degree ?)

Depending on the tax treaties between two countries, you might be able to pay one instead of the other.
However there are limits to Foreign Tax Credit. Paying high taxes to Cuba will not help you in the USA.
Paying higher tax rates in Belgium may not cancel all your US taxes.

Statistics: Posted by VanGar+Goyle — Thu Jun 13, 2024 2:28 am — Replies 11 — Views 785

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