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The signature book I got from Jack Carl had a page for foreign corporations,
if I remember correctly, to avoid a 20% withholding. That's the only thing
I've really seen.
Guy
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]
On Behalf Of Bob Wiseman
Sent: Monday, August 17, 1998 9:53 AM
To: metastock@xxxxxxxxxxxxx
Subject: Re: Offshore trading
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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