neil armstrong
Active member
- Joined
- Dec 6, 2003
- Posts
- 32
Yalls country is getting more messed up by the day!!
[font=verdana, arial, helvetica]Just thought that this might interest some out there. It is obvious that, if the US IRS pull this nightmare off, they will extend the implications. The actual article refers to changes in tax law in 1995. " The law is that money earned by non-resident alien flight crews is subject to US federal income tax witholding unless that country is exempt by treaty." In other words, if you earn your money on, under or over US territory; Uncle Sam may be entitled to a slice.
The article ends with the comment that " This is the latest example of a long line of action taken against foreign carriers by the US."
Industries / Transport Print article | Email article
Latin American airlines fear US tax claim
By Caroline Daniel in Chicago
Published: February 16 2005 01:01 | Last updated: February 16 2005 01:01
US tax officials are investigating Latin American airlines, claiming that they may owe taxes on salaries for crew members for time spent flying over US territory and pre-flight services conducted in the US.
The Internal Revenue Services audits, which some airlines had dismissed as absurd, have been initiated against four airlines, including LanPeru, part of the Lan Group. The move has triggered concern that other international carriers flying into the US could be tapped for back taxes and that US carriers could face retaliatory action.
The rest of this article is for FT.com subscribers only [/font]
[font=verdana, arial, helvetica]I allways enjoyed comming to the States but these days a prefer to go to more friendly country's[/font]
[font=verdana, arial, helvetica]Neil
[/font]
[font=verdana, arial, helvetica]Just thought that this might interest some out there. It is obvious that, if the US IRS pull this nightmare off, they will extend the implications. The actual article refers to changes in tax law in 1995. " The law is that money earned by non-resident alien flight crews is subject to US federal income tax witholding unless that country is exempt by treaty." In other words, if you earn your money on, under or over US territory; Uncle Sam may be entitled to a slice.
The article ends with the comment that " This is the latest example of a long line of action taken against foreign carriers by the US."
Industries / Transport Print article | Email article
Latin American airlines fear US tax claim
By Caroline Daniel in Chicago
Published: February 16 2005 01:01 | Last updated: February 16 2005 01:01
US tax officials are investigating Latin American airlines, claiming that they may owe taxes on salaries for crew members for time spent flying over US territory and pre-flight services conducted in the US.
The Internal Revenue Services audits, which some airlines had dismissed as absurd, have been initiated against four airlines, including LanPeru, part of the Lan Group. The move has triggered concern that other international carriers flying into the US could be tapped for back taxes and that US carriers could face retaliatory action.
The rest of this article is for FT.com subscribers only [/font]
[font=verdana, arial, helvetica]I allways enjoyed comming to the States but these days a prefer to go to more friendly country's[/font]
[font=verdana, arial, helvetica]Neil
[/font]
