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Q: Do you have to pay US taxes on a fellowship you received in a foreign country?
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What are the positive and negative effects of tariffs?

Tariffs, or taxes on foreign imports, can be helpful to a country's economy by blocking competition from other countries. However, often when one country places a tariff on foreign goods, the country places its own tariff on the first country. Tariffs are not appreciated by the country on which it is being placed.


What did Sir Robert Walpole do for England?

helped maintain the wealth of the country by removing taxes on foreign exports.


IF I Received money from foreigner do i have to pay taxes for this?

Sure. A lot of the money many people make is from foreign sources...many companies and busiensses are foreign...the income tax is on what you make, not where it may have originated.


What is the name for taxes on goods made in foreign nations?

import taxes or tarrifs


Do foreign business owners pay taxes?

yes we all pay taxes


Do you have to pay taxes on estate money received?

Yes, you will have to pay taxes on any estate money received.


How did the french finance their wars?

The French have financed their wars the same way that every other country has financed wars throughout history: taxes and foreign debt.


Do foreign baseball players pay taxes?

In the US, Federal taxes are commonly withheld on all baseball players' salaries and bonuses. In some of their home countries, this amount of US taxes can be a deduction for home country income earned abroad. The player's home country tax laws govern taxes that may be owed there. Some nations do not tax citizens in any sport where they earn money.


What are some examples of taxes received by the local government?

state taxes


Do foreign golfers pay US taxes?

they should


Why are taxes necessary in your country?

Taxes are any country's government's source of income


Do you have to pay taxes on gifts received?

no