Pension and Compensation Aspects of the U.S-U.K. Double Taxation Treaty
3 Pages Posted: 23 Apr 2004 Last revised: 6 Jul 2016
The new U.S.-U.K. Double Taxation Treaty contains a number of provisions applicable to pension and other compensatory arrangements of U.S. and U.K. taxpayers who travel between the two countries. In general, the authors explain, double taxation of pension distributions is avoided, and the deductibility of contributions is preserved. The treaty, they note, represents a modernization of the former treaty provisions and reflects the globalization of the U.S. and U.K. economies and the resulting need of businesses on both sides of the Atlantic to draw from the same pool of employees.
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