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Thread: Tax impact of a US citizen working in China
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[quote=GEARBOX,379631]I will be setting up a branch office in China next year and have the option of taking my salery in the US or China. I assume I will be in the highest bracket which I believe to be 42% in China. Question I would have is if I recieved pay in the US and then transferred money to me in China for rent and personal expenses, will I be exposed to China taxes as well in addition to US taxes paid? And should I take my salary in China, will I have to pay US taxes when I bring the money back home? Or is there an offset, where you pay the difference to the higher of the two jurisdictions such as when you live in New Jersey and work in New York? What would be the best solution? Thanks[/quote]
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