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Alberto/Guy/et al.
You may all be right depending on exactly how it is structured and operated. A question for
Alberto and others who trade outside of US. Do any of you have accounts in the US? How
does that work at tax time?
Thanx,
Bob Wiseman
Alberto Torchio wrote:
> Guy,
>
> > 4- Since this is a corporation, it pays any taxes due to whatever government
> > it operates under, so that it is in full and legal compliance with all local
> > laws. You, on the other hand, are merely a shareholder. No US taxes are due
> > and payable until either you receive a salary, dividend (regular income) or
> > sell your stock (capital gains).
>
> According to most Countries' tax laws, whereas the Company is managed from a Country
> different from that of incorporation [how could you trade otherwise?] it would be tax
> liable in this latter Country too. I suspect that having non-resident directors wouldn't
> help either.
>
> So Vitaly is basically right...
>
> Alberto Torchio
> Torino, Italy
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