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SELF CERTIFICATION on USA CITIZENSHIP TAX RESIDENCY STATUS and CENTRAL REPORTING STANDARD Form

SELF CERTIFICATION on USA CITIZENSHIP TAX RESIDENCY STATUS and CENTRAL REPORTING STANDARD Form

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if you are planning to live or conduct business in a foreign country you may save yourself thousands of dollars by claiming residency in the United States of America it is probably not a big surprise that just like the United States most countries around the world are running bigger and bigger deficit budgets they can be quite aggressive in seeking out new sources of revenue particularly when it comes to resident foreigners and multinational companies that may not be very familiar with local tax law the good news is that the United States of America has tax treaties with many countries around the world that provide relief from double taxation these treaties generally stipulate that certain items of income can only be taxed by the country of residence or that the rate at which they can be taxed cannot exceed a certain level for example ing to the tax treaty that the US has with Spain U.S tax resident individuals can avoid having Spanish income tax withholding on income earned in Spain i

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