http://www.dailymail.co.uk/news/article-...l#ixzz3LTvtnNcG

No wonder the world hates Zero. His tax thugs are trying to shake down the Mayor of London on an absurdity and then skipping out on their own bill to London.....

Zitat

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Boris Johnson should settle a six-figure tax bill in the US, the American ambassador indicated yesterday.

The London Mayor, who was born in New York and has dual citizenship, revealed last month that he is being pursued by the US tax authorities over profits made on the sale of a home in London.

American citizens are required to pay taxes on income over a certain level, even if the money is already taxed abroad.

Mr Johnson described the demand as ‘incredible’, and suggested he would not pay.

But US Ambassador Matthew Barzun indicated that Mr Johnson should settle up.

Speaking to journalists in Westminster, he refused to be drawn on the details of the London Mayor’s case.

But he said: ‘We have our rules and we expect people to play by them.

'If you get the benefits of being an American citizen you pay your fair share in taxes.’

The disputed tax bill is believed to relate to the sale of Mr Johnson’s first home in London.

He is reported to have bought the property in Islington, north London, for £470,000 in 1999. It was sold a decade later for £1.2million.

In the UK, capital gains tax is not payable on an individual’s main home. But under US rules Mr Johnson could face a bill of more than £100,000.

He could also be liable for tax on his income, which is well above the £62,000 US citizens are allowed to earn abroad before paying taxes at home.

His salary as Mayor is £144,000 and he is paid £250,000 for a newspaper column.

The US embassy is also involved in a long-running row with the capital’s authorities over more than £8million in congestion charge fees run up by diplomats, which it refuses to pay.

In July last year, ahead of Mr Barzun’s arrival, Mr Johnson praised his diplomatic abilities, then added: ‘I do hope he’ll put those skills to good use in finding the more than £6million owed by US diplomats to Londoners in unpaid C-charge fines.’

And ahead of a state dinner in honour of Barack Obama in London in May 2011, he said: ‘Maybe when President Obama’s hors d’oeuvre plate is whisked away he will find a bill for £5.5m.’

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What's the problem ??

Dual citizenship = pay taxes to both Countries.

Paying taxes to both Countries doesn't mean double taxation on the same income. Foreign tax credits are taken in the US to offset taxes paid in the UK. The problem is the gain on the UK home was not taxable in the UK but a certain portion "of the gain" is taxable in the US. Therefore, there was no UK foreign tax credits to offset the taxes on the UK property in the US and he owes taxes in the US.

Too bad !!

That's the rules in the US = pay up !!

(No comment on skipping out without paying the tab !! )

w

"But he [Ambassador Matthew Barzun] said: ‘We have our rules and we expect people to play by them."

Oh, really? "He is a business executive who is known for his work with CNET Networks and for his volunteer work on Barack Obama's 2008 presidential campaign. He served as U.S. Ambassador to Sweden from 2009 to 2011. He was selected by President Barack Obama as National Finance Chair for the president's 2012 re-election campaign."

Perhaps you should tell your boss about that, Barzun.