Tax efficient personal investing



ORIGINAL POST
Posted by chinacrisis 16 yrs ago
I want to invest in US shares. Does it make more sense to invest from a HK brokerage account vs a US brokerage account? Given no tax on investment income or gains here in HK. I am not a US permanent resident or Green card holder so not subject to tax on WW earnings.

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COMMENTS
chris_in_hk 16 yrs ago
If you're not subject to US taxes or a US resident then there's no tax advantage or disadvantage to investing through a HK brokerage account or a US brokerage account. The same tax rules apply. For example you will still be charged a 30% dividend withholding tax regardless of how you buy US shares.


However, if you're not bothered with options, you might as well go for a HK brokerage so you don't have to transfer money over to the US and the costs involved with that.


I personally use www.boom.com for my transactions. I'm more buy and hold and trade infrequently so their charging structure suits me better. Apart from also being able to trade US stocks you can also trade regional markets.


Hope that helps

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