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Craig
When I buy foreign stocks that country deducts the tax usually 15% before
sending monies to me. It probably would be similiar for you investing in
foreign stocks. Here in USA we are taxed on capital gains but no foreign
country to my knowledge has imposed a tax on capital gains at least with my
range of investing.
Pugsley, Craig 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.
>
> What about dividend income (ie the profits of the year that get distributed
> to share holders).
>
> I've been thinking about a couple of US stocks, but if I've got to stuff
> around with ANY form of US tax return it's not worth the hassle.
>
> Cheers,
> Craig.
> http://www.3rotor.com/rotary/INVEST.HTM
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