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He's talking crypto, not stocks. A brokerage company operating outside of the US has zero reason to supply you with any specific US tax docs.
by charlesdm 9y ago
He's talking crypto, not stocks. A brokerage company operating outside of the US has zero reason to supply you with any specific US tax docs.
- wbl 9y agoCustomer service is a selling point.
- charlesdm 9y agoSure. But America is not the world
- kchoudhu 9y agoIf OP is trading abroad, I hope s/he is also keeping up with his FACTA and FBAR obligations.
- sekh60 9y agoUgh, not a cryptocurrency trader, but I recently learned that by having U.S. citizenship from birth, and though I never lived there, I'm responsible for FBARs and tax-filing in the states. $4000 or so later and I'm compliant now. What a stressful pain that was.
- charlesdm 9y agoYou might also have to pay tax then, if your income exceeds a certain threshold. Good times.
- CryptoPunk 9y agoNo surprise that in both Great Britain and the US, the income tax was first instituted during a time of war. Only during a war, with the demands it places on the public conscience to make sacrifices, would the population acquiesce to an institution so contrary to natural rights and so pernicious to liberty.
- cozzyd 9y agoWhich countries don't have income tax?
- charlesdm 9y agoSmall countries, mostly tax havens. Investment income is not classified as income in most jurisdictions.. so doesn't really matter.
- CryptoPunk 9y agoI think every major economy has an income tax. There's quite a bit of syncronization between political systems, because political and cultural trends tend to transcend borders. There are quite a few countries which do not have global income reporting requirements. Singapore is probably the most notable example. Some European countries absolve non-domicile residents of the requirement to report global income in exchange for a flat annual fee, like 100,000 EUR. So it is possible to live a life without being forced to surrender your natural rights like your wealth and your privacy, but it's expensive.
- zorpner 9y agoThere's got to be a better term than "reverse virtue signaling" to describe how the use of specific terminology (outside of a legal setting) like "pernicious", "females", or "virtue signaling" instantly means that someone can be safely dismissed.
- CryptoPunk 9y agoThis is called ad hominem. No matter how tempting it is, it's better to refrain from it. Focusing on superficial and peripheral qualities like use of particular words, instead of the claim being made, is fundamentally anti-intellectual.
- wtallis 9y agoThere's nothing anti-intellectual about questioning your phrasing. You're just pissed that anyone is calling attention to your rhetorical tactics, because that blunts their effect. And without the flowery language, your comment has almost no substance. Stripping your comment of its rhetorical content to get at the logical meat of the argument is required in order to have an honest intellectual discussion.
- spookthesunset 9y ago> A brokerage company operating outside of the US has zero reason to supply you with any specific US tax docs. So then don't use those brokerages if you are a USD customer?
- uiri 9y agoA US person (for tax purposes) should not be dealing with a brokerage company operating outside of the US. The US government has decided that the only reason someone would do that is to evade taxes (although money laundering is a nice cover story) and punishes such behaviour with accordingly with additional paperwork and bureaucratic headaches. A brokerage company operating outside of the US should still be sending you relevant local tax forms. If they are operating in a tax haven, well, maybe don't do business with companies operating in tax havens if you want your US taxes to be easy.
- zeep 9y agoThe FBI stole my Litecoins from BTC-E ... I didn't even claim that loss because it was very small.