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Income Tax in France

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Old Jan 13th 2005 | 12:02 am
  #31  
Nitram
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Default Re: Income Tax in France

On Thu, 13 Jan 2005 09:46:54 +0100, Earl Evleth <[email protected]>
wrote:

    >in article [email protected], The Rev Gaston at [email protected]
    >wrote on 12/01/05 19:13:
    >> You're talking rubbish. You pay more tax with your foreign earnings
    >> taken into account than if they weren't taken into account. Maybe that
    >> isn't sensu stricto double taxation, but the fact is that you end up
    >> paying the French taxman more than you would without this particular
    >> device.
    >In the case of France-USA, the situation is complicated. Very
    >One includes on a French return, American sourced income and this is used
    >to compute a "effective tax rate". A tax credit is also accorded on the
    >French tax statement. The calculation is done by the French tax office and
    >one is not required to furnish other than the numbers. My Paris based
    >American accountant has a program which calculates what the final French
    >tax will be and it is always correct. But I could not figure it out
    >how exactly it was done. But I am also at a loss looking at our US
    >return, which he also prepares.
Are you sure he doesn't download the program from the tax office?
In the Netherlands you can either download or obtain on a diskette a
program for filling in income tax returns. It also calculates the
final amount. Unless you make a mistake the final amount is the same
as the final statement from the tax office.

--
Martin
 
Old Jan 13th 2005 | 4:48 am
  #32  
Earl Evleth
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Posts: n/a
Default Re: Income Tax in France

in article [email protected], nitram at
[email protected] wrote on 13/01/05 14:02:

    > On Thu, 13 Jan 2005 09:46:54 +0100, Earl Evleth <[email protected]>
    > wrote:
    >
    >> in article [email protected], The Rev Gaston at [email protected]
    >> wrote on 12/01/05 19:13:
    >>
    >>> You're talking rubbish. You pay more tax with your foreign earnings
    >>> taken into account than if they weren't taken into account. Maybe that
    >>> isn't sensu stricto double taxation, but the fact is that you end up
    >>> paying the French taxman more than you would without this particular
    >>> device.
    >>
    >>
    >> In the case of France-USA, the situation is complicated. Very
    >>
    >> One includes on a French return, American sourced income and this is used
    >> to compute a "effective tax rate". A tax credit is also accorded on the
    >> French tax statement. The calculation is done by the French tax office and
    >> one is not required to furnish other than the numbers. My Paris based
    >> American accountant has a program which calculates what the final French
    >> tax will be and it is always correct. But I could not figure it out
    >> how exactly it was done. But I am also at a loss looking at our US
    >> return, which he also prepares.


    > Are you sure he doesn't download the program from the tax office?

I would think so but the print out he gives me is in English. He may
just copy the numbers.

    > In the Netherlands you can either download or obtain on a diskette a
    > program for filling in income tax returns. It also calculates the
    > final amount. Unless you make a mistake the final amount is the same
    > as the final statement from the tax office.

It works that way here too, I suspect. it does differ from the US
IRS which expects you to compute your own tax and if you make an
error it is your fault. Even if the IRS office helps you make out
your return! My accountant guarantees the US return, any errors
are at his charge. I have made errors in supplying him figures.
Two years ago I actually paid more in quarterlies than I told hlm
and got a couple hundred dollars in refund. Normally I apply
overpayments to next year`s taxes.


Earl
 

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