Tax Info - Foreign Citizens
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Posted on
Nov-16-2023
06:57 PM
Hi PayPal There is major concern from everyone using your platform and from reading the community comments it seems it’s not being handled well on an international level as laws, cultural differences vary greatly from that of the US. You mention in one of the posts the requests come via the IRS in America and seems this has something to do with monetary monitoring which is scary for any citizen around the world. You also mentioned about money transfer thresholds… I think 10K is a threshold that Australia monitors, but this is already done internally, in Australia. Not trying to cause an issue here, but why does PAYPAL need this information on foreign citizens for the United States of America IRS?
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