Legal Question in International Law in Texas

Foreign Corporation doing business in USA
I have a tax question relating to a foreign (hong kong) company doing business in the usa. The HK company is engaged in the busines of building residential properties in TX. Under HK tax law, no taxes are payable on profits earned outside HK based on HK capital gains and territoriality laws. Hence gains on the sale and /or rental income can be realised tax free. I need to know however, if the HK Co. is subject to any form of tax here in the USA if they are not registered in the USA? Does the fact that their property holdings are located in TX, USA make them liable to the various USA tax authorities.

Thanks

Asked on 5/10/07, 12:40 am

Gerd Zimmermann zimmermann nielsen & colleagues

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Re: Foreign Corporation doing business in USA

They are taxable in the US. Always where the eal estate is located there are taxes

Answered on 5/10/07, 8:00 am

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