[HN Gopher] YouTube will start deducting US taxes from creators ...
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YouTube will start deducting US taxes from creators who don't live
in the US
Author : nwotnagrom
Score : 25 points
Date : 2021-03-09 19:20 UTC (3 hours ago)
(HTM) web link (9to5google.com)
(TXT) w3m dump (9to5google.com)
| pkaye wrote:
| Here the countries with tax treaties with US.
|
| https://www.irs.gov/businesses/international-businesses/unit...
| donmcronald wrote:
| This feels like a really bad deal for non Americans. From Intuit
| Canada:
|
| > If taxes were deducted from your income, you can claim those
| taxes as if you paid them to the CRA. Because you have a duty to
| report all your U.S. income on your Canadian return, the income
| is deemed taxable as Canadian income. The usually lower U.S.
| income tax rate could leave you with an amount owing for the
| difference between the United States and Canadian income tax
| rates.
|
| So Canadians pay (some) income tax to the US instead of Canada
| and the US gives us nothing in return? It feels like those are
| systems that were put in place with the assumption that earning
| income in the US would require the use of US resources (ie:
| living in the US).
|
| That's just a flat out bad deal for Canada and Canadians, right?
| viraptor wrote:
| > That's just a flat out bad deal for Canada and Canadians,
| right?
|
| I'm expecting a thorough discussion and details soon from Linus
| Tech Tips since they're Canada-based.
| andrewnicolalde wrote:
| This is insanity. It's not just the money taken in taxes, it's
| the fact that you additionally have to deal with the additional
| administrative overhead of filling out US tax paperwork, praying
| you don't get it wrong or paying a US-focused advisor to do it
| for you.
| JPLeRouzic wrote:
| I am not sure, at least it is the same on Amazon KDP. There are
| three situations as summarized in the above link:
|
| * Creator doesn't submit tax info.
|
| * Creator submits tax info and claims a treaty benefit.
|
| * Creator submits tax info, but is not eligible for a tax
| treaty.
|
| You have to pay your taxes somewhere, if you don't tell Google
| that you pay them in your country, then Google is in charge to
| collect the taxes at least for the part concerning US users.
| tasssko wrote:
| As an individual yes but i'm not aware of companies having
| this problem. Does Google treats all its creators as people
| (i.e income tax) only or does it have the ability to
| recognise companies?
|
| I guess i can close this with the disbelief that content
| creators setup companies and then use Youtube as themselves.
| What kind of accounting shenanigans would be required to be a
| company and content creator on youtube? I am genuinely
| interested.
| alexbiet wrote:
| That $1.9 trillion stimulus has to come from somewhere.
| davidhbolton wrote:
| It's actually not that difficult. Yes you do not want to make any
| mistakes ($1000 fines) but there are companies who will sort this
| out.
|
| There are plenty of people, myself included who live outside the
| US and get paid from US earnings with no tax deductions in the
| US. It helps of course if your country has a withholding treaty
| like the UK does with the US.
| mdotk wrote:
| I believe even with a tax treaty, that Youtube earnings will
| now be taxed 5% regardless.
| tibbydudeza wrote:
| So why is it for Youtube content creators ???.
|
| If I make money from using AWS and my server is hosted in the US
| region will I eventually get a taxbill for providing a service to
| US customers ???.
| skinnymuch wrote:
| AWS or any host do not pay you. You're only paying them.
| YouTube pays people.
| jasonv wrote:
| Youtube pays out to creators.
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(page generated 2021-03-09 23:03 UTC)