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|German to English translations [PRO]|
|German term or phrase: Welteinkommensprinzip|
|The tax document.|
Selected response from:
Local time: 10:44
4 KudoZ points were awarded for this answer
6 mins confidence: peer agreement (net): +1 18 mins confidence:
I don't know what it is called in English but it is the principle that you pay tax in the country where you live or are registered, on your total income including the income you earn in other countries. For example when you earn money in Switzerland, you probably pay some tax there, but if you are German and you would have to pay more tax on this income in Germany. You pay the extra amount in Germany. So you do not profit from lower tax systems in other countries because you always pay the extra amount in your own country.
source: my own experience, unfortunately,
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