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YouTube tells foreign creators they will soon be charged American tax

rt.com

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Re: YouTube tells foreign creators they will soon be charged American tax

#141

Post by cyberlurker »

mortehu wrote: post #106
drzaiusapelord wrote: post #98

Earlier quoted context omitted.

RT is Russian state media, thus its propagandist, its not a real news outlet. There is no "journalism" tradition there in terms of ethics, trust, standards, etc. It follows the party line and the Kremlin's needs, which currently are to make the US/West look as bad as possible.

An important caveat is that they also post lots of normal content, so that it's harder to argue that RT should be blocked outright, and harder to identify the propaganda.

RT wants to spread misinformation on YouTube because Putin’s government wants to move Russians to Russian tech companies that can be “managed”.

Re: YouTube tells foreign creators they will soon be charged American tax

#142

Post by sandworm101 »

sharpneli wrote: post #130
sandworm101 wrote: post #86

Earlier 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…

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?

https://www.irs.gov/individuals/international-taxpayers/taxa...

"C. Which Form to File: Nonresident aliens who are required to file an income tax return must use Form 1040-NR, U.S. Nonresident Alien Income Tax Return"

https://www.irs.gov/forms-pubs/about-form-1040-nr

NOT YOUR LAWYER. Just providing links to a government website that explains what that government requires of people who earn US income.

Re: YouTube tells foreign creators they will soon be charged American tax

#143

Post by sudosysgen »

D13Fd wrote: post #123
sudosysgen wrote: post #110

Earlier quoted context omitted.

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.

I agree, this is mostly an issue from the US Government.

That being said, Google has subsidiaries that cover every region of the world, if they wanted to do so they could put creator services under the dominion of those regional subsidiaries, then structuring the transfer payements to equalize the inflow/outflow as IP payments, as they do already for other services.

Re: YouTube tells foreign creators they will soon be charged American tax

#144

Post by gruez »

LinuxBender wrote: post #62
gruez wrote: post #52

Earlier quoted context omitted.

How is that screwed up? Unemployment income is still income. It works the same way in canada as well[1]. I get why it sounds stupid on the surface (ie. why is the government giving you money, then asking to give a portion back?), but it makes sense if you think about it. Otherwise unemployment disproportionately benefits high income earners because it's tax-free. [1] https://www.canada.ca/en/revenue-agency/news/2021/…

That is probably a strong term. What term best applies to money that has been taxed multiple times?

How are you getting taxed multiple times? I'm not sure how it applies to unemployment income.

Re: YouTube tells foreign creators they will soon be charged American tax

#145

Post by justinclift »

xxpor wrote: post #138
sudosysgen wrote: post #110

Earlier quoted context omitted.

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…

>As far as I know, there is no other countries in the world with such an insane policy. This is inherent in being the most powerful country in the world. The US has the ability to do it, so why wouldn't they? You're not a US citizen, so the federal government cares even less about abstract fairness than they usually do.

> The US has the ability to do it, so why wouldn't they?

Pretty sure being a bully is supposed to be bad. ;)

Re: YouTube tells foreign creators they will soon be charged American tax

#146

Post by [deleted] »

sharpneli wrote: post #130
sandworm101 wrote: post #86

Earlier 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…

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?

[deleted]

Re: YouTube tells foreign creators they will soon be charged American tax

#147

Post by devoutsalsa »

ssijak wrote: post #129
sudosysgen wrote: post #110

Earlier quoted context omitted.

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.

Can you deduct the US tax paid as a business expense?

Re: YouTube tells foreign creators they will soon be charged American tax

#148

Post by melomal »

D13Fd wrote: post #133
sokoloff wrote: post #96

Earlier quoted context omitted.

Many companies are incorporated in Delaware because it has a highly functioning secretary of state and court system. It's not at all a tax haven, having a state corporate tax rate that's around the 6th highest of the 50 states.

This. You incorporate in Delaware not because it's a tax haven, but because they have the most developed corporate law of any state, and the chancellor/vice chancellors on the Delaware Court of Chancery are without a doubt among the best judges on corporate issues that you will find anywhere in the world.

> most developed corporate law of any state

Honestly this just sounds like the old Swiss tax rules of 'we never disclose your details, even to the feds'.

Re: YouTube tells foreign creators they will soon be charged American tax

#149

Post by OJFord »

tristanj wrote: post #85

This 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…

It's arguably not US sourced income by virtue of US viewers though.

If US people visit the UK, our shops don't charge and pay sales tax in the US.

Really it should be about where the server is I suppose, regardless of whether the viewer is American or not.

The internet is interesting and messy and laws & regulation are far from caught up.

Re: YouTube tells foreign creators they will soon be charged American tax

#150

Post by sudosysgen »

xxpor wrote: post #138
sudosysgen wrote: post #110

Earlier quoted context omitted.

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…

>As far as I know, there is no other countries in the world with such an insane policy. This is inherent in being the most powerful country in the world. The US has the ability to do it, so why wouldn't they? You're not a US citizen, so the federal government cares even less about abstract fairness than they usually do.

Yes, that's why RT picked up the story, because it's a good propaganda piece that shows that the US does not care about fairness abroad, simply raw interest.
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