Which is the best salery.

[sigma]

I've been offered a job working on line from home for a company based in America.
Which is better, to be paid in £ Sterling or US $
Is there any loop hole to reduce tax.

[factor-fiction]

Why would you not choose £ sterling, unless the deal is better in dollars

[boxtops]

That's a fairly dangerous question, asking us to provide you with ways to reduce tax! I'd say dollars. It'll be converted into Sterling when it hits your bank account anyway, but you may need to watch out for conversion charges, whichever way you do it.

[factor-fiction]

I would be very wary of any job working online from home though- have you checked it isn't a scam?

[rojash]

It's almost certainly a scam. The next step will be to give them all your bank and ID details so that they can "pay you". In this case "pay you" translates as "steal your ID and empty your account".

[MarkRae]

What's the name of this company?
What's their website address?
What work do you think you'll be doing?

[Hopkirk]

Have they asked for an up front administration fee?

[dzug2]

Assuming it's kosher, do you really want to have to file a US tax return every year?

But like the others, I am sceptical - sometimes I get 2 or 3 offers like this a day in my spam box - some of them even purporting to have been sent by myself! The job, if it's real, which it isn't, is described in terms that indicate it consists of money laundering anyway.

[sigma]

It's 100% kosher

[dennisb66]

Why don't you give more details so that we can help you decide if it is kosher.I have also had SCAM e-mails offering online work for ridiculous amounts of money.

[EvianBaby]

Sigma hasn't said it was something in an email. I used to work for a website in the uk that had customer service people responding to emails who all worked from home in new Zealand, Sweden, holland and a couple of other places. All completely legit. I've no idea how their pay worked though, sorry.

[Zacs-Master]

More details please.

[237SJ]

Why would you have to file a US tax return if you`re paid in dollars? Loads of companies pay their staff in dollars (pilots for Air India for example out of Mumbai). They don`t have anything to do with US tax authorities.

[237SJ]

By the way, some of my expenses generated in dollars but paid into my bank in sterling. We have a corporate rate which is about $1.55 to the £ at the moment but it does veer between 1.51 up to 1.59 sometimes. If you`re getting a salary in dollars, those few cents could make all the difference. Would the sterling salary be fixed? I would go for being paid in sterling.

[Messi_Ten]

Next question from sigma...

Someone has emptied my bank account...

[bednobs]

dennis - why do you think sigma needs our help in deciding whether it's kosher or not?

[sigma]

bednobs, thank you, at least one person has read the question and not jumped to an conclusion. All I wanted to know was which currency is was better to be paid in.
Just to satisfy all the doom and gloom merchants, the offer came from a reputable company after I attended a conference in L.A. a fortnight ago.

[dzug2]

<<Why would you have to file a US tax return if you`re paid in dollars? Loads of companies pay their staff in dollars (pilots for Air India for example out of Mumbai). They don`t have anything to do with US tax authorities. >>

Because the company is American - not because of the currency of payment

[1eyedjack]

Seems to me that it is just a gamble, that depends on your perception of how the UK exchange rate will fare against the US dollar over the period of the contract. if you think that the dollar will rise v sterling, contract in dollars. And vice versa. But as mentioned you will need to factor in cost of conversion assuming that you then want to spend the dosh in the UK but get paid in dollars (and again vice versa).

[thenry]

The best salery is fresh and crunchie straight from the garden !