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Author Topic: updated rules at SS? what does it means?  (Read 7486 times)

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« Reply #25 on: January 24, 2009, 21:34 »
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I agree it is unfair that you have to pay taxes twice, but unfortunately this is the rule in some countries, unless they have the reciprocity agreement.

I have a bank account in UK and, after filling in a certain form for non-residents, I am free of taxes on the investments earnings.  It is basically an incentive to have money in UK, as I understand.  And the logic behind it is that I take no advantage of any benefits from the tax collected, as I don't live in UK.  That's the same logic in VAT return.

Here in Brazil income taxes vary with the amount of earnings.  I don't remember the ranges, but I am in the 27% range.  I don't know how to call this, I don't pay 27% of my income, it's rather 27% over a certain amount that is tax exempted, so it's like 0.27*(X-Y), X being the gross income and Y being the exempt income.  Anyway, as I am in the 27% range, any extra income (such as stock photography earnings) means paying 27% of taxes.  This is awful, as in the end our public services normally lack quality, but this is another story.

Regards,
Adelaide


« Reply #26 on: January 25, 2009, 15:10 »
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No email received, but found the pdf version of that W8 in my Downloads folder. What does it mean?

« Reply #27 on: January 25, 2009, 16:24 »
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Because it's the law?  ;D




 masive chains of gas stations, or supermarkets are not paying taxes entirely, nobody pay taxes with big companies, and I, a small man should pay? no way.... when those tycoons that earn 1 million euros per month start paying taxes, so will I.
« Last Edit: January 25, 2009, 16:29 by Peter »

« Reply #28 on: January 25, 2009, 17:56 »
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Peter,

This is an argument many people here use too.  It doesn't make them right though, and if the government get them, this is no excuse. 

Regards,
Adelaide


 

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