2 ms·
The fund could be funded by wealthy families in, say, Monaco and Saudi Arabia. The investors shouldn't have to pay US taxes just because the fund manager is US
by charlesdm 9y ago
The fund could be funded by wealthy families in, say, Monaco and Saudi Arabia. The investors shouldn't have to pay US taxes just because the fund manager is US based. It makes sense they pay local taxes (even if they are nil) on their gains. The fund manager, however, probably should pay US tax (on any of his profits).