2007-06-15 04:49:01 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
If the transaction takes place in the US, yes they are subject to US tax. In this situation the gain would be subject to a 30% source tax and would be withheld by the broker.
If the transactions (purchase and sale) were handled by a non-US broker outside of the US, then only the local taxes (if any) would be due. No US tax would be due on the transaction. However if the foreign broker were only acting as agent for a US broker for the transaction the 30% tax would be withheld by the US broker.
2007-06-15 05:12:18 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
we don't have the means to implement such habit. distant places international places won't do the artwork for us. merely like Wisconsin has a tax regulation that states that any product you employ in Wisconsin you may pay revenues tax for. If i purchase a hundred money nicely worth of books in Iowa and study them in wisconsin, i'm assume to pay $5.50 to Wisconsin in accordance to wisconsin regulation. different than Wisconsin would not have any criminal means to envision what i've got bought out of state. the country would not have any means to implement any rules outdoors of the country. in my opinion I believe you. that's what commerce regulations did whilst it replaced into wide-unfold to have them. yet then corporation lobbied for "loose commerce". And now they're lobbying to diminish US exertions standards to that of one/3 international international places. All of those college, exertions, and environmental classes are merely no good "socialism" after all.
2016-10-17 08:56:28 · answer #2 · answered by estiven 4 · 0⤊ 0⤋
If you made a gain, rest-assured it's taxable by someone! If not the US Government, then the government of the country of residency.
Think about it, if it were that easy to get out of paying taxes, EVERYBODY would move to wherever you are from!
2007-06-15 04:59:45 · answer #3 · answered by Anonymous · 0⤊ 1⤋