CX and Taxes
Can anyone tell what kind of tax reporting CX does? If you are based in North America, Canada or US it is my understanding that you are on a pay rate based on that country's currency. However that amount is deposited into you HK bank is at the current exchange rate in HK $. If you live in the US do they do any reporting to the IRS? What are you responsible to report to the IRS? How do you handle Soc Sec and Medicare?
I know that any taxes you pay to a foreign government are deductable $ for $ but if you earn say 100,000 USD and pay the HK 16% this could be a higher amount of $ paid vs your taxable income in the US after deductions.
Any insight on the norm on how to handle this or how people handle the IRS?