Isle of Man taxation wherever you live, similar to US tax system

Pay IOM tax before any local tax no matter where you live.

 

If you are a U.S. citizen or resident alien, the rules for filing income, estate, and gifttax returns and paying estimated tax are generally the same whether you are in theUnited States or abroad. Your worldwide income is subject to U.S. income tax, regardless of where you reside.13 Jan 2017

U.S. Citizens and Resident Aliens Abroad - IRS.gov

https://www.irs.gov/individuals/...taxpayers/u-s-citizens-and-resident-aliens-abroad

 

Why the contribution is important

US citizens pay tax wherever they live.

If people move away, and still want IOM links they can still pay IOM taxes on all their income.

Any brain drain after Uni would still see income coming back to IOM.  

by CastletownIOM on April 11, 2017 at 10:50AM

Current Rating

1.0
Average score : 1.0
Based on : 2 votes