Will the tax money be used for war?
Yes.
There will be youtubers forced to pay income tax to the US government only for it to be used for war against them.
YouTube tells foreign creators they will soon be charged American tax
121–130 of 223 posts
Re: YouTube tells foreign creators they will soon be charged American tax
#122What was different until now? Payments to creators from youtube were not considered royalties so they were not taxable or?
Re: YouTube tells foreign creators they will soon be charged American tax
#123This RT article is clickbait and spreading misinformation. The tax is on revenue generated from users in the US, not on all revenue. If creators provide no tax information at all, only then will YouTube tax all global revenue. And YouTube is not doing so by choice, they're a US headquartered company and forced to do this to comply with US tax law. RT is highlighting tweets that are spreading misinformation. For examp…
Sorry, but this is still insane. It makes absolutely no sense that a non-American has to pay up to 24% tax on money from American viewership, and then again pay income tax. As far as I know, there is no other countries in the world with such an insane policy. Being subject to taxes from a country you don't belong to exactly as if you lived there (these aren't sales taxes), is completely unreasonable. Remember, this i…
I have zero love for YouTube or Google, but any ire here should be directed at U.S. law, not at them. They have no option but to comply with the law -- whether that means applying taxes to revenue from U.S. sources, or cutting off non-U.S. creators from revenue or views from U.S. sources.
I don't think YouTube or Google is collecting tax just for fun or to punish their content creators.
Re: YouTube tells foreign creators they will soon be charged American tax
#124This RT article is clickbait and spreading misinformation. The tax is on revenue generated from users in the US, not on all revenue. If creators provide no tax information at all, only then will YouTube tax all global revenue. And YouTube is not doing so by choice, they're a US headquartered company and forced to do this to comply with US tax law. RT is highlighting tweets that are spreading misinformation. For examp…
Sorry, but this is still insane. It makes absolutely no sense that a non-American has to pay up to 24% tax on money from American viewership, and then again pay income tax. As far as I know, there is no other countries in the world with such an insane policy. Being subject to taxes from a country you don't belong to exactly as if you lived there (these aren't sales taxes), is completely unreasonable. Remember, this i…
How is this not exactly the same as the EU putting targeted taxes on major US technology companies to stop money from leaving their market?
Any time the US does something, the reaction is always strangely different than when other players like the EU do the same thing...
Re: YouTube tells foreign creators they will soon be charged American tax
#125So for investments in the US I know there is a double taxation treaty. For both degiro (EU based) and fidelity (US based), I had to follow the W-8 process which basically boils to "I am a citizen of eligible country X, here is my government ID number, I've ticked this box which asserts this to be a factual claim and understand that it's legally fraud if not true, and I can provide documentation to this effect if the…
How is this not exactly the same as the EU putting targeted taxes on major US technology companies to stop money from leaving their market?
Re: YouTube tells foreign creators they will soon be charged American tax
#126But why? If you’re not physically present in the US and are not a US citizen, why would you be subject to (income) tax? Or is that not a form of income tax, but something else?
I suppose a non-citizen subject to this tax would have to appeal to their own government and raise the issue diplomatically. But I doubt most nations would be in a position to change the United State's behavior in this regard. Maybe the EU has enough clout to contest this in a court of international law. But that also depends on them wanting to raise the issue in the first place.
The EU is literally in the process of putting the same kind of taxes on technology companies. And people are cheering for it. The US does the same in reverse, everyone loses their minds...
Re: YouTube tells foreign creators they will soon be charged American tax
#127Earlier quoted context omitted.
"we will soon be updating our Terms of Service where your earnings from YouTube will be considered royalties from a U.S. tax perspective (we’ve already made this change to the Terms of Service for U.S. creators in November). This may impact the way your earnings are taxed, and as required by U.S. law, Google will withhold taxes." So you will have to file a tax return and get the money back just like every other incom…
I am not a tax expert, and I’m speaking from a U.S. perspective, but if the earnings are via stream donations (not ads), would that not be considered a small gift and not be taxable?
A gift is just that, a gift. The party giving the gift isn't expecting anything in return. In the streaming example, you're providing entertainment for "gifts". That's an exchange of goods/services for monetary gain and hence taxable.
Obligatory: not an accountant/lawyer
Re: YouTube tells foreign creators they will soon be charged American tax
#128Earlier quoted context omitted.
I am not a tax expert, and I’m speaking from a U.S. perspective, but if the earnings are via stream donations (not ads), would that not be considered a small gift and not be taxable?
Tax law 101: You cannot turn a transaction for a product into a pair of "gifts" between the parties. Where both parties are subject to contracts for services or payments, there are no gifts. Similarly, all "gifts" from employers to employees are considered non-gift income. A car given to an employee as a "gift" is income to the employee and a taxable deduction by the employer. See Duesenberg (I'm trying to find the c…
Stream donations aren’t really a transaction, though. The streamer is under no obligation to even respond to a donor, and certainly there is no employer/employee relationship.
Re: YouTube tells foreign creators they will soon be charged American tax
#129This RT article is clickbait and spreading misinformation. The tax is on revenue generated from users in the US, not on all revenue. If creators provide no tax information at all, only then will YouTube tax all global revenue. And YouTube is not doing so by choice, they're a US headquartered company and forced to do this to comply with US tax law. RT is highlighting tweets that are spreading misinformation. For examp…
Sorry, but this is still insane. It makes absolutely no sense that a non-American has to pay up to 24% tax on money from American viewership, and then again pay income tax. As far as I know, there is no other countries in the world with such an insane policy. Being subject to taxes from a country you don't belong to exactly as if you lived there (these aren't sales taxes), is completely unreasonable. Remember, this i…
My country does not have double taxation treaty with US. So after Google takes its cut, then US with 30% cut, then my country with about 55% cut, plus other expenses it feels like there is no point in starting a youtube channel in 2021.
Re: YouTube tells foreign creators they will soon be charged American tax
#130This RT article is clickbait and spreading misinformation. The tax is on revenue generated from users in the US, not on all revenue. If creators provide no tax information at all, only then will YouTube tax all global revenue. And YouTube is not doing so by choice, they're a US headquartered company and forced to do this to comply with US tax law. RT is highlighting tweets that are spreading misinformation. For examp…
"we will soon be updating our Terms of Service where your earnings from YouTube will be considered royalties from a U.S. tax perspective (we’ve already made this change to the Terms of Service for U.S. creators in November). This may impact the way your earnings are taxed, and as required by U.S. law, Google will withhold taxes." So you will have to file a tax return and get the money back just like every other incom…
Can you even file an US tax return if you don't have any presence in the US? How do they even identify you if you don't have US SSN?