I'm afraid this is a pipedream. U.S. citizens must pay tax on their worldwide income, even if they live overseas -- with a very specific exception for a limited amount of foreign earned income. If you trade stocks overseas you pay tax just as if you traded right here. And you're required to provide information about foreign accounts on your federal income tax return (look at the bottom of Schedule B). I'd be willing to bet there's a website somewhere telling you that you can avoid taxes this way, but if you buy that advice you might as well buy the Brooklyn Bridge.Kaye Thomas, authorFairmark Press Tax Guide for Investorshttp://www.fairmark.com
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra