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How does that work with income banding? Like, does the foreign country take your whole income and then band it in their own way or do they compare it with the other countries bandings?
Also, that still doesn't answer how they share this tax info? Like, does the UK know about my savings in Oz? They've never mentioned it anywhere.
hippy
@Greenbank
Most countries with home taxation requirements rely on the same principle:-
You get credit for tax paid in a foreign country but if the tax you would have paid back home was more that that then you pay the difference back to your home country.
(If the tax you would have paid back home was less then there's no rebate from your home country.)