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- 2011-5-24
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- 2012-9-12
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This is my understanding.
100 x 2 = Pound 200
Tax rate in UK = 0.15 x 200 = 30 pound
When converted to US = 1.175 x 30 = 35.25$
Income transferred to US = 200 x 1.175 = $235
Taxes on $235 = 0.30 x 235 = $70.5
But $35.25 was already paid in UK
So $35.25 will be needed to pay in US and the rest of $35.25 will be given back as tax credit. |
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发表于 2011-7-11 20:02
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