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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]WB is mostly for providing infrastructure funding and could come on the chopping block. Have worked there before, I see a lot of bloat that US ended up covering. Extensive travel to African and other countries and very generous pay packages is an eye sore for the administration so consider it to receive some resistance. [/quote]y And a lot of employees pay zero income tax [/quote] Yes. My friends who worked there never paid US income tax while working and making $300-400k, they retired at age 60, and then filed for a green card. Their kids also got free tuition at private schools in DC. [/quote] Stop spreading lies and misinformation. International staff get paid on the net. US staff are paid on the gross and the latter pay taxes. International staff are not ever eligible for any US benefits such as social etc. Vert few people at the Bank ever make $300k. The Green Card is now almost impossible to get following a State Department decision about 2 years ago. Finally, staff who started working after 2000 (25 years ago) do NOT qualify for the private school benefits at the Bankā¦.[/quote] The tax free agreement is part of an international treaty because of the realization that it would difficult to harmonize 200 different tax systems. Americans are required to pay U.S. taxes and they do not receive tuition allowances. They do receive a tax allowance to equalize their salaries (because all staff are hired on a net of tax salary). But the tax allowance is itself taxable and the Americans also have to pay a 7.5 percent self employment tax that is not covered by the tax allowance. Because of this, Americans at the Fund actually make less than their non-U.S. colleagues on a net basis. [/quote]
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