Non resident broker account US?

rank1

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I'm a non resident from the uk living in the middle east. What are the tax laws if I open a forex broker account in the US with a bank account in middle east?

I know where I stand with the uk tax system, what are the implications from the US system if any?

Thanks in advance.
 
Depends whether they tax you at source.

As far as I know, most double taxation treaties (for the life of me I cannt remember whether this only applies to corporate tax atm!) only allow offsetting of tax liabilities across jurisdictions and do not allow for refunds so you'll likely lose any US tax you suffer but it all depends on the small print of any agreement between governments.

Speak to tax lawyer or accountant
 
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I'm a non resident from the uk living in the middle east. What are the tax laws if I open a forex broker account in the US with a bank account in middle east?

I know where I stand with the uk tax system, what are the implications from the US system if any?

Thanks in advance.

Off course there must be some difference in Uk and US tax laws. If you want to find more info in this regards you can find it at
Taxation in the United States - Wikipedia, the free encyclopedia
U.S. Tax Laws, Tax System U.S. - WorldWide-Tax.com
 
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