7th District Court: North Pole Next?

A recent U.S. Tax Court ruling determined that income earned at the South Pole is not exempt from U.S. taxes:  

As Antarctica is not a foreign country for purposes of the Code, we conclude that petitioner is not entitled to exclude the wage income he earned in Antarctica… http://www.bigdeadplace.com/seventhcircuit.pdf

While the case is certainly of interest to those who make a living at the South Pole, our immediate concern was what this might mean to denizens of the North Pole. Is it time for Santa and his elves to file W-2’s with the IRS, and start paying withholding? What about back taxes?! This could get ugly, folks.

No one at the North Pole was available for comment. Too busy trying to figure out if they can afford a good tax attorney, perhaps…

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