For Americans, any income tax paid to another country is offset by a tax credit on their US taxes, with carry over to future years, if it wipes out all of their current tax. It should be a wash for Phelps, et al.
For Americans, any income tax paid to another country is offset by a tax credit on their US taxes, with carry over to future years, if it wipes out all of their current tax. It should be a wash for Phelps, et al.
