Tuesday, May 26, 2009

If you have trouble sleeping . . .

You might want to check out this Department of Treasury website:


The site gives the full text of all so-called "double taxation" agreements that the United States has entered into with other countries. These treaties form the basis of some of the favorable tax treatment that US expatriates can enjoy, as well helping US expatriates avoid the possible penalty of double taxation (which is the primary purpose of these types of treaties). As a lawyer, I would not suggest trying to interpret or implement the provisions by yourself, but a basic understanding of what these treaties govern can go a long way toward helping you plan for the tax implications of your personal and business activities and make your work with your own tax advisor more productive and efficient.