Overview
The nature of workforces is shifting to a globalised model, and working abroad has transitioned from being a rare exception to a common reality. Consequently, expats face confusion around their tax obligations, leading to mistakes or reliance on poor advice. The complexities of managing taxes across multiple countries - each with its own laws, treaties, and exemptions - can be overwhelming.
In this video, Carmen Westermeyer provides a clear, high-level overview of the tax implications for individuals living and working abroad. She covers key topics such as double taxation, tax treaties, foreign earned income exclusions, as well as the treatment of foreign tax credits.
By the end of the video, viewers gain an understanding of their tax liabilities, including the risks of non-compliance. Tax practitioners and expats also learn how to avoid common pitfalls, such as failing to report worldwide income. Additionally, participants are provided with resources for further assistance, including guidance on where to find reliable tax advice and how to stay updated on international tax regulations.
Video Content
Competencies Development
After watching this video, participants:
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