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devy
Joined: 17 Dec 2006
Posts: 692
Location: Here Now
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Posted: Thu May 28, 2009 8:51 am
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I am in...
greetz
devy |
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sandralise
Joined: 19 Oct 2005
Posts: 1013
Location: Quebec,Canada sandralisephotography.com sandralisephotography.blogspot.com
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Posted: Thu May 28, 2009 12:41 pm
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#8 Mirabel, Quebec, Canada
Put an office in Canada, great idea!! |
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mantonino
Joined: 27 Oct 2004
Posts: 1090
Location: Syracuse, NY
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Posted: Thu May 28, 2009 12:41 pm
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Shutterstock having a copy of your id makes no difference. You need to fill out an ITIN application which has nothing to do with SS except that they're paying you. |
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winmaster
Joined: 23 Jul 2008
Posts: 379
Location: Czech Republic
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Posted: Thu May 28, 2009 12:49 pm
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if it can solve this thing..Why not ;-) |
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creativeapril
Joined: 12 Dec 2007
Posts: 198
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Posted: Thu May 28, 2009 1:11 pm
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Move Shutterstock Office to Canada! or Mars
or any place but no tax please!
I am in |
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Susan
Joined: 06 May 2005
Posts: 6262
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Posted: Thu May 28, 2009 1:45 pm
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Mike you are making a traumatic situation worse by posing such drivel!
Can't you see that people are genuinely hurt and upset! How would you feel if you did not understand the process and could potentially lose income that you had been counting on?
It will take time for everyone to understand what they are required to do and how much this will actually cost them to complete if they choose to comply.
Try to understand that many people are confused and that some submitters live in countries that do not have tax treaties. I would be upset if I lived in those countries also... especially if I had worked hard to submit many images and I needed my royalties to survive.
I can not imagine that they do not have some recourse when it comes to double taxation. However it might be much more complicated to resolve because their countries did not participate in signing tax treaties which outline the course of action.
Tax treaties provide benefits to both taxpayers and governments by setting out clear ground rules that will govern tax matters relating to trade and investment between the two countries. A tax treaty is intended to mesh the tax systems of the two countries in such a way that there is little potential for dispute regarding the amount of tax that should be paid to each country. The goal is to ensure that taxpayers do not end up caught in the middle between two governments, each of which would like to tax the same income.
Tax treaties protect taxpayers from potential double taxation through the allocation of taxing rights between the two countries...
First, the treaty has a mechanism for determining the residence of a taxpayer.
Second, with respect to each category of income, the treaty assigns the primary right to tax to one country, usually (but not always) the country in which the income arises (the source country), and the residual right to tax to the other country, usually (but not always) the country of residence of the taxpayer.
Third, the treaty provides rules for determining which country will be treated as the source country for each category of income.
Finally, the treaty establishes both limitations on the amount of tax that the source country can impose on each category of income and the obligation of the residence country to eliminate double taxation that otherwise would arise from the exercise of concurrent taxing jurisdiction by the two countries.
There is more info here....http://www.treas.gov/press/releases/js86.htm
I would be surprised if SS could legitimately move the company without getting nailed for tax fraud. There is plenty on the net about moves for anti treaty shopping legislation by many countries.
I think we will see all micros adopting this in the end... even in Canada. It's tax treaty is similar and if they did not execute the tax treaty in Canada they would have exactly the same problem they face today! |
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rudyumans
Joined: 19 Aug 2008
Posts: 10596
Location: www.businesshelpforyou.org www.rudyumans.com
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Posted: Thu May 28, 2009 2:32 pm
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| Susan wrote: | | Too long to repeat, sorry |
Susan I appreciate your post. As I said before in a post somewhere, you are one of the most rational persons I know. So, if you get frustrated then it must be frustrating for many people.
I don't think that some people that are not affected do not agree with them, but some of the reactions are just a little frustrating for them I think. Mike's reaction might be a little strong, but I do understand him
All of a sudden, there are hundreds (or more) "experts". I read most the posts about this subject and some of them are really of the wall. The IRS rules are really clear about this.
I, for one, am actually happy with Shutterstock. I think they do a good thing. Although I am originally from Holland,I am a legal alien here now, so it does not affect me, but if I would still live in Holland I would not have had a problem with it.
The same as with the W-9 earlier this year, a lot of people make it much more complicated than it really is. When i read Admin's first post about his (Yesterday?) I know we were it would turn into a circus.
In another thread somebody suggested that only the US does this. My response was that many countries do the same thing. It is like exporting money. Ever tried to export money from a certain South American country for instance? There are countries where it is not even possible unless you have a relative living in that country who can transfer money to a relative living outside that country and that cost a lot of money too in taxes, charges, and handling fees.
Somebody else said something like that double taxes was wrong of the US. My reaction to that was if someone is double taxed, the taxes in his/her country are like "import" taxes. So, they should not blame the US for this. We are talking about revenue generated in the US after all (SS pays US income tax over it) The "unfairness" of double taxation would be on the receiving side.
Most contributors could have known all this if they would have educated themselves about the local income tax rules.
The only thing I could agree with is that SS could have given them a little bit more time. The bureaucracy is very slow in some countries.
The one question I have not read is what happens with the earnings of the first six months of the 2009 tax year. The IRS let that slide? |
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britishstock
Joined: 14 Jul 2006
Posts: 400
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Posted: Thu May 28, 2009 3:16 pm
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| dapoopta wrote: | Where do all those online poker sites have their headquarters?
That is where they need to go |
Pokerstars moved to Israel, some of them went to nice Caribbean Islands.
One of the US microstock sites opened up an office in Ireland.
Everyone is doing it, come on shutterstock, it is the only solution that will keep us all happy. Most of your employees can stay in the US, you don't all have to move. |
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gracey
Joined: 24 Aug 2005
Posts: 2418
Location: Ontario, Canada
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Posted: Thu May 28, 2009 3:17 pm
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I'd get on board with Shutterstock in Canada. |
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Susan
Joined: 06 May 2005
Posts: 6262
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Posted: Thu May 28, 2009 3:59 pm
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| rudyumans wrote: | | Susan wrote: | | Too long to repeat, sorry |
Susan I appreciate your post. |
Thank you rudyumans... we are a bit long winded.
It seems the Wild West of Internet days are starting to unravel. There is lots of talk about Internet sales taxation and anti abuse tax treaty legislation from many countries, not just the US.
It looks to me like our governments are starting to put things in place to update old procedures to reflect the new global way of doing business.
It will be interesting to watch over the coming years how individuals countries and the businesses in them deal with the tax men knocking at their door.
I am certain that SS would rather have continued with things the way they were. |
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makalu
Joined: 15 Dec 2005
Posts: 231
Location: Poland
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Posted: Thu May 28, 2009 5:23 pm
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An office outside US and/or sister company might be good. |
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koki
Joined: 04 Mar 2006
Posts: 283
Location: Skopje, Macedonia
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Posted: Thu May 28, 2009 5:43 pm
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#? N.Spasenoski / koki |
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shutterstock
Joined: 22 Oct 2004
Posts: 1881
Location: New York, NY
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Posted: Thu May 28, 2009 6:03 pm
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We can't do this - sorry. |
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