Figure A2 Percentage of Total Taxes Withheld
on U.S.-Source Income Paid to Foreign Persons Under Chapter 3, as Reported on Form 1042-S, by Country of Foreign Recipient, Calendar Years 2014 and 2015 2014 $16.3 billion 2015 $18.4 billion Cayman Islands 14.1 14.0 Luxembourg 10.5 11.2 Canada 10.3 8.7 United Kingdom 7.4 6.5 Swilzeriand 6.3 5.3 Ireland 5.6 5.3 Australia 4.1 3.5 Japan 2.7 2.4 Germany 2.5 2.4 British Virgin Islands 2.1 2.1 Mexico 1.8 2.0 Bermuda 2.0 1.7 Otner countries 30.6 34.9 NOTE: Form 1042-S, Foreign Person's U.S.-Source Income Subject to Withholding.
The amount that must be withheld
in connection with the sale of US real property by a foreign person can be decreased (or eliminated) pursuant to a withholding certificate issued by the IRS.
The exceptions would treat a claimant that is the beneficial owner of the withheld
payment as if a full deposit had been made, but only for purposes of a claim for refund or credit of an amount withheld
under chapter 3 or 4.
As with most withholding taxes on payments made to foreign persons, the withholding agent needs to be aware of its withholding, remitting, and reporting obligations ahead of the transaction, as recouping any tax not originally withheld
during the transaction is exceptionally difficult, especially in situations involving gross basis withholding.
In 2009, the Turkish government's income from taxes withheld
was 32.605 billion liras.
The department also adopted section 100.7370 prescribing penalties relating to the reporting and payment of income tax withheld
. An employer who fails to deduct and withhold the required amount of tax is liable for any underpayment of tax by the employee, up to the amount the employer failed to deduct and withhold.
As portions of individuals and small businesses' income are withheld
for as long as 15 months, cash flows will drop and opportunities to invest will go down.
In 1915, a physician's public announcement that he had withheld
lifesaving treatment from a seriously malformed newborn prompted an outburst of press coverage and commentary from individuals across the American spectrum of political and social beliefs.
If a medication is to be withheld
, write a note to that effect in clear view on the medication record.
The Remmelink study counted as cases of involuntary euthanasia any instance in which life-support systems were withheld
or withdrawn without the direct and explicit consent of the patient (as discussed above, a practice which is already far more widespread in the United States).
Withholding of Federal income taxes from wages has existed since World War II and is required by the Internal Revenue Code.(1) The Code(2) and Regulations(3) authorize the Secretary of the Treasury to establish withholding tables to be used by employers to determine the amount of Federal income tax to be withheld
. These are published each year in "Circular E, Employer's Tax Guide."
When the apparent leader of the group, Theodore Olson, who until 1984 was assistant attorney general in the Office of Legal Counsel, wrote to the president on October 25, 1982 advising that the documents be withheld
, his final remark was, "The Administrator [of EPA] concurs in this recommendation.' When told of the move to claim executive privilege, Burford protested against it, and there is some question as to whether she was even adequately consulted before the memorandum was sent.