|
PureBytes Links
Trading Reference Links
|
On Wed, 19 Aug 1998 17:32:05 -0700, you wrote:
>> Alberto and others who trade outside of US. Do any of you have accounts in the US? How
>> does that work at tax time?
>
>Yes I have US accounts. Foreign nationals are not liable to US capital gains tax, unless
>they reside in the US for more than 180 (?) days in the same year.
>
>I am, of course liable to all taxes in my Country.
Am I correct in thinking that the US is the only country in the world
that taxes it citizens "globally". Thus an expatriate, is still
liable to US taxation, even if he has no ties to the US, aside for a
passport.
Albeit, there is a foreign tax credit, but that is not the point.
Am I right?
|