Thanks everyone for your thoughtful replies.
This is what I understand so far from conversations with the ATO:
As a non-resident of Australia I still pay tax on profits generated in Australia IF I live in a country without a double-tax treaty with Oz. (I may also be theoretically required to pay tax locally too - tho how a third world Asian government would find out about my stock trading in Australia is a different matter.)
If I live in a country WITH a double tax treaty with Oz, I supposedly pay tax to my host country only - tho the consensus is that no-one in third world govts would chase that up.
In other words you get de facto tax-free status.
What I don't know is the situation if I live outside Australia and make profits in the US (US broker, US stocks). I do not have to declare these profits to the ATO - they told me. But what about the IRS?
Anyone know - or know where I can find out? (I suspect the answer is 'no' - but confirmation from someone who's experienced the situation would be comforting.)
Thanks again.
Moved from the "United States" forum. Original message number: 537
- Forums
- International Markets
- do i pay us tax on us profits
Thanks everyone for your thoughtful replies.This is what I...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BHP (ASX) to my watchlist
|
|||||
Last
$43.01 |
Change
-0.075(0.17%) |
Mkt cap ! $218.0B |
Open | High | Low | Value | Volume |
$42.91 | $43.15 | $42.66 | $254.1M | 5.912M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 5597 | $43.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$43.01 | 1813 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 5163 | 42.940 |
20 | 10835 | 42.930 |
20 | 9043 | 42.920 |
17 | 7018 | 42.910 |
34 | 12693 | 42.900 |
Price($) | Vol. | No. |
---|---|---|
42.950 | 29685 | 31 |
42.960 | 6203 | 9 |
42.970 | 6313 | 12 |
42.980 | 4887 | 11 |
42.990 | 7133 | 10 |
Last trade - 14.56pm 17/07/2024 (20 minute delay) ? |
Featured News
BHP (ASX) Chart |