In all countries, with the notable exception of the US, you pay taxes where 
you earn them.  If you are a US national/PR, the US government expect you 
pay US taxes no matter where you earned the money.  The first $X is 
 a foreign tax credit which means you don't pay double taxes on the first 
$X you earn.  X is around $95,000 these days.  Anyway, this is the general 
idea, and I am not a tax accountant, so don't take this as an advice.  With 
any questions, you need to consult a professional tax accountant.

On Thursday, October 4, 2012 11:05:40 PM UTC+8, latimerius wrote:
>
> On Thu, Oct 4, 2012 at 4:26 PM, Rudolf Hornig 
> <[email protected]<javascript:>> 
> wrote: 
> > It will work. I'm using a Austrian bank account and my company is based 
> in 
> > Hungary. 
>
> Just out of curiosity, how do you handle taxes under that arrangement? 
>  Specifically, do you pay any Austrian taxes, or deal with Austrian 
> tax authorities at all? 
>

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