5 ms·
Useless to most Europeans though. I have to pay 15%-30% of the value of any US stock I buy in tax when i sell (to the US government), no matter the initial inve
by pelorat 3y ago
Useless to most Europeans though. I have to pay 15%-30% of the value of any US stock I buy in tax when i sell (to the US government), no matter the initial investment. I own about 10K euros of TSLA stock, and when I sell (as a EU citizen) the US government will take %30.
Stock dividend of 5-10% is pretty much unheard of here.
- vient 3y agoCan't you fill W-8BEN form to reduce taxes on the US side?
- secondcoming 3y agoI’m pretty sure my UK broker refused to allow me trade US stocks until I filled out the W8-BEN.
- vizzah 3y agoUtter nonsense. US withholding taxes only apply on dividends and other fixed income.
- tlarkworthy 3y agoYou need some actual tax advice. I deduct EU tax from my tax liabilities in US so my US tax exposure is exactly 0. Still have to file US taxes, so my accountant fee exposure is non-zero but it isn't too hard to do yourself once you have a few examples to copy from.
- lxgr 3y agoThis is only relevant in EU countries without a capital gains tax, though (or with one lower than 15%), right?
- throwaway2037 3y agoIf you are a non-resident & non-US citizen, I think long term capital gains taxes will apply. If you hold TSLA for at least one year, your tax rate will be reduced to 15%. This tax can be offset by capital gains taxes paid in your own country.