To be used for a) questions about outside the country of current residence. For example, regarding how the U.S. taxes earnings generated by U.S. citizens outside of the country. and b) questions involving multiple countries. Where possible, questions should be tagged with a specific country tag. ...

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0answers
10 views

Invoice client perspective - International Service USA-Japan [on hold]

I was wondering about a case I hope someone can assist with. Suppose a client (in Japan) registers to a service and the seller (in USA) sends an invoice. Suppose the service was not yet fulfilled but ...
4
votes
1answer
77 views

How to buy a house in the United States using money from a foreign loan?

I am a US resident. This scenario involves 3 entities. I want to know what would be the situation (legal and cost) if I can borrow money (complete value of the house Eg: 500 K) from a person or a ...
0
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1answer
37 views

What currency does inter government debt take place? [closed]

For example If japan borrows from china what currency will it borrow in ?Or if India borrows from Russia what currency will the debt take place in ?
3
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1answer
37 views

US tax handling of UK pension contributions

The UK currently has a pension (SIPP) contribution limit of up to 40,000 GBP per year (approx 60,000 USD at current exchange rates). 100% of this amount can be self-funded, in which case your ...
1
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0answers
55 views

What is the required taxation if a website is programmed in the Netherlands and the customer resided within the USA?

My firm is based in the Netherlands. I have a customer in the USA who wants a website. The development will take place in the Netherlands. If the client would be Dutch, I'd charge them 21% VAT and ...
1
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3answers
77 views

Where should I exchange INR to USD, in India or US?

I am Indian, permanent resident of the US. Years ago, I had loaned some money to my father in India and he now wants to pay it back to me. The amount is worth $300,000 and I am thinking of the best ...
0
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0answers
79 views

International Stockbroker

I live in Australia, but have shares in the UK. I inherited the shares so have no experience in buying/selling. How do I find a stockbroker who could sell the shares for me? Edit: Copying the ...
1
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1answer
62 views

Best(mostly cheapest) way to buy international shares(mostly US) from Australia

I would like to buy international shares from Australia. But we have hefty fees charged by the banks (CommSec), ie buy fee, sell fee, inactivity fee, etc. I'm sure someone has eaten a dog on this ...
9
votes
4answers
169 views

Why do Australians get charged more for Internationally available Goods and Services?

It seem that when the same good or service is available in Australia as it is internationally, we always end up paying more for it in Australia. Even when you take the effects of the exchange rates ...
0
votes
2answers
71 views

International Tax

Im a UK resident who, in the future will possibly apply for a green card (I have an American girl friend). I understand that if I become a green card holder, I'd be liable to declare my worldwide ...
1
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2answers
26 views

Are there any hedged international funds in India?

I live in India, and want to diversify into the foreign equity market, via a mutual fund offered in India. But I don't want to take on the currency risk. In some countries, funds are offered that ...
2
votes
1answer
118 views

What percentage of my money should I invest outside my country?

I live in India, and invest in both Indian and international equity mutual funds[1]. What percentage of my portfolio should I invest outside India? I thought that since India's GDP is some 3% of the ...
4
votes
1answer
115 views

Sister-in-law sold property in another country and wants to send a large amount of money to me

My sister-in-law and her husband currently live in northern Iraq. Due to the current dangers in that country and the fact that they're Christian, they are finding it more and more difficult to live ...
0
votes
1answer
123 views

What is the difference between buying the same stock traded on two different exchanges? [duplicate]

Some US ETFs (Vanguard, iShares) that I am interested in are traded on several exchanges, typically including NYS and ASX. I live and pay taxes in Australia. Does is make any difference if I buy the ...
2
votes
2answers
47 views

If I invest on overseas markets will I receive in different currency?

I'm sorry if this is silly, but i really want to know if it is possible to me to earn dividends(or selling stocks whatever) in another currency like U.S Dollar or Euros, because my country is on ...
1
vote
1answer
50 views

How to get underlying stock from ADR

How can I get the underlying stock from an ADR? What are the fees and general bureaucracy to archive this. Does this depend on the ADR emitting bank, or is a generalized process?
1
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2answers
100 views

Buying gold/silver bullion internationally

My understanding is that gold and silver have a set value at any given point, but I've been told that it's possible to buy it cheaper in other countries, specifically China. I can believe this for ...
4
votes
1answer
312 views

Transfer money from “inherited” land sold outside US to the US without income tax?

After my parents' death in my originating country, my family was made aware that their co-owned piece of land was always in our names, not out parents'. We recently sold this piece of land as a group ...
1
vote
1answer
155 views

Can an F1 student working on OPT with a STEM extension earn unrelated self employed income from a foreign employer?

I am currently working in the US for a company where the role is directly related to my major. While I am here, can I complete work for an international company on a freelance (contracted) basis, or ...
1
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0answers
108 views

Wire transfer incomplete

My aunt transferred $10,000USD from a bank in Romania to her USD account in Canada. However, after the transfer was completed, only $9,600 showed up in her account! She checked with both banks ...
3
votes
2answers
117 views

HSBC gave me the wrong IBAN

I hold an account with a bank abroad and wanted to transfer all the money I held there into my HSBC account. I was told that I needed an IBAN and BIC to transfer the money and so I went to the closest ...
1
vote
1answer
175 views

Are there any US banks that allow you to make an international wire transfer online? [closed]

I am an expat and right now I have to get someone to physically go to the bank to make the transfer for me each time. It seems a bit ridiculous in this day and age of high tech and is a royal pain. ...
4
votes
1answer
206 views

Tax consequences of forwarding an international wire

I need to legally and quickly transfer $300,000 from China to my US bank account. All of the funds that I need to transfer were obtained through legal means (with proof documents), however China has ...
0
votes
1answer
54 views

Foreign student and substantial presence test

I am an international student on F-1 visa for the past three years. I have maintained F-1 status throughout these years and F-1 is the only visa class I enter the US with in the past three years. I ...
1
vote
1answer
47 views

Can forming an LLC be beneficial when earning foreign income?

I'm a full-time salaried employee in the US. I have the opportunity to do some freelance foreign work on the side while continuing to live in the US. Would it be beneficial to register an LLC and ...
0
votes
0answers
35 views

Why is NASDAQ:GLBL not available to trade through my broker, 4 trading session later?

NASDAQ:GLBL TerraForm Global has recently went through IPO pricing, on 31st of July. Yet today, 5th of August, it doesn't appear to be available for trading through UK brokers (e.g. IG Markets) Is it ...
3
votes
2answers
80 views

How to decide if I should take my money with me or leave it invested in my home country?

I live in Brazil and next week I'm gonna move to Sweden. I'll stay there for the next two years with a scholarship that covers all my living expenses. I have some money here (in BRL) that I won't need ...
1
vote
1answer
99 views

CitiBank or HSBC account in India but use funds in America

I have some money in India that I plan to transfer to an international bank such as Citi or HSBC. Once the money is in the account, can I use those funds in America? Are there any tax liabilities in ...
0
votes
2answers
63 views

Taxation of income from working abroad within the EU

I'm a Finnish (FI) citizen working with a full-time contract in a company. I'm going to do a 3 months job abroad in Belgium (BE) in a different company. During this time my contract in FI is going to ...
2
votes
0answers
38 views

Is it possible to open a US bank account without being physically present or having a SSN/EIN? [duplicate]

I want open business bank account in Michigan. I have not SSN. I have EIN. My friend is in Michigan. I don't want to go USA just for open Bank account. Is this possible to open business account online ...
1
vote
2answers
125 views

How to invest for the event of a US default? [closed]

I want to consider a special case of this question (so not a duplicate, in my mind, but forgive me if that's incorrect in the eyes of moderators). What happens to my savings if my country defaults or ...
3
votes
1answer
42 views

Receiving partial payment of overseas loan/company purchase?

We invested in buying a company in Africa and want to send money back to the U.S. as partial repayment on the money we invested. What do we have to file, and what are the tax implications on the ...
3
votes
1answer
70 views

Do I need to pay US tax if my father puts half of his company (in the Dominican Republic) in my name?

I am a permanent resident of the USA (a green card holder) eligible to apply for citizenship, but I do not know how convenient this might be in my situation. My father has a company in the Dominican ...
2
votes
0answers
68 views

Definition of “business” for the purposes of the IRS Foreign Earned Income Exclusion (2555)

Line 14 of the IRS Foreign Earned Income Exclusion form (2555) asks that one lists the days one was present in the US during the tax year. It then asks how many of those days were "on business", and ...
1
vote
2answers
99 views

Transfer money in my US account to brother's Non Resident External (NRE) Account in India

I'm a student in US on F1. I want to send 2k$ in my US account to my brother's State Bank of India NRE(Non Resident External) in India. There is NO rush in sending this money.. as in the money need ...
0
votes
2answers
135 views

Another 1040NR question - how to interpret “number of months claimed in prior tax years”?

Does anyone know how someone with NEC income (with a treaty rate of 0%) should fill in the "number of months claimed in prior tax years" line of schedule OI on form 1040NR? (Instructions are here) It ...
2
votes
1answer
153 views

UK citizen going to freelance overseas - what type of specialist should I talk to for tax/registration advice?

I'm planning to leave the UK for around 12 months and work freelance in a non-EU country. I know there are many things I need to get right in terms of registration and financial declarations, tax ...
1
vote
2answers
195 views

1040NR question - 0% treaty rate NEC income

Does anyone have much experience with the 1040NR and Not Effectively Connected income? I have NEC Income that has a treaty rate of 0% Now should this be reported on: a) Schedule NEC (page 4) ...
3
votes
1answer
57 views

Do I need to amend my tax return and change withholding rates?

I am in US on a F1 visa. While working on OPT, F1 visa holder does not have to pay social security and medicare taxes. However my spouse in on H1B visa. Since we file jointly we pay social security ...
1
vote
0answers
121 views

Selling a home in the UK to buy a home in the US

I US citizen currently live in the UK, but will be moving back to the US in the near future. I own a home in the UK, with a sizeable mortgage and a LTV ratio of about 70%. I would like to sell my home ...
4
votes
1answer
98 views

Tax consequences (future or present) of giving up US citizenship

I am a Norwegian citizen by birth, and have lived here all my life. Some years ago, I learned that I am - by virtue of a US parent - also a citizen of the latter country. The amusement of learning ...
4
votes
1answer
174 views

Capital gains when selling in the US and buying in another country

I have owned my home for over 10 years. I would like to sell it and buy a new house, and I understand that if I do so, I can avoid paying capital gains. My question is, if I'm buying the new house ...
0
votes
0answers
46 views

Depositing an insurance check made out to a foreign ltd into a personal US account

I own a boat which is registered in the BVI's in an Ltd. name. There is no business and thus no bank account for it. I am a U.S. citizen with a regular U.S. bank account. I incurred boat damage and am ...
1
vote
4answers
119 views

Higher returns from international markets?

I've heard that part of your portfolio should be invested in international markets. One argument for it is higher returns. However, browsing through some funds (FOSFX, FIEUX, FWWFX), all I can see is ...
1
vote
1answer
500 views

Is there a way to open a U.S. bank account for my LLC remotely?

I'm operating a company remotely — I'm not in the U.S. Is there a way to open a bank account without going to the U.S.? I've called a few banks and most of them require myself to go the a ...
4
votes
1answer
250 views

What are the tax consequences if my S corporation earns money in a foreign country?

I work as an independent contractor developing software for various organizations in the USA. I usually bill a client an agreed upon amount and provide some specific service in return. For what it's ...
1
vote
1answer
77 views

US resident collecting salary in a foreign account

I have my job based in United Arab Emirates, but I live in the United States. Can I continue to get paid in UAE Dirhams in my bank account in Dubai? Or do I need to transfer the same to the US? Does ...
10
votes
3answers
2k views

Why deposit interest rate in the same currency is different from country to country? [duplicate]

My bank offers 11% interest rate for 1-year deposit in USD. This is similar to what other Ukrainian banks offer, but much higher in comparison with our neighbourhood countries, Belarus (3.5%) and ...
1
vote
2answers
835 views

Most Efficient Way to Transfer Money from Israel to the USA?

I am considering relocating back the USA and am looking for an efficient means to transfer our savings to a US bank. From my initial research the simple answer seems to be wire transfer for large ...
1
vote
2answers
5k views

How to get money from India to UAE

I have taken 25 Lac loan in UAE country and remitted this money to my mother SB account through Exchange. She withdrawn that money and used for personal commitments and bought one property. Now due to ...