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I noticed on my account record that my broker is witholding and deducting funds for income tax purposes. I made a quirie about this and it was explained that the U. A. E. have a tax treaty with the U. S. Upon contacting the tax people at the American Embassy here in the U. A. E. they know of no treaty - tax or otherwise

As far as I can see in publication 901 (, the UAE does not have a tax treaty with the US. You might expect that to mean that the US does not take tax from your income, but that is wrong. Without a tax treaty it looks like the the US government tax you at 30% on income and capital gains.

A Moose
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