Anonymous
Anonymous asked in Business & FinanceTaxesUnited Kingdom · 2 months ago

Should American owned businesses, who are UK based, pay there full taxes to HMRC?

1 Answer

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  • 2 months ago

    They do. They pay whatever UK taxes they owe, and on their US returns, they claim a credit for foreign taxes paid against whatever US tax they owe. That way, they are not taxed twice on the same income.

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