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. ...
2
votes
0answers
28 views
How can I split income with a person I never met? [migrated]
I am currently working on a game for the Android devices with a person I found from a forum. I have never met this guy before and so far we have only talked on email. He is from the UK and I am from ...
-2
votes
0answers
34 views
When calculating CIP between EU and US, which interest rates data to use?
I am wondering which data to use to test the Covered Interest Rate Parity between Europe and the United States. Recap that for the CIP to hold, it should mean that
F/S = (1+r)/(1+r*) where
F = the ...
0
votes
1answer
64 views
Can I invest in the USA or EU from an Asian 3rd-world country, over the Internet?
Is it possible to invest in markets in the USA or Europe from an Asian 3rd-world country over the Internet?
Does the laws of the USA or EU allow people outside to do so?
4
votes
2answers
124 views
Is there an advantage to international stock diversfication?
I'd like to reduce my risk of investing solely in the U.S. stock market compared to the rest of the world. However, my concern is that perhaps the U.S. stock market already has such international ...
0
votes
1answer
50 views
Can the foreign tax credit be more beneficial than the foreign income exclusion?
Let's say a U.S. citizen is residing and earning income in a foreign country that has higher income tax rates than the United States. Would it be possible for them to claim the foreign tax credit on ...
2
votes
0answers
40 views
How does S&P schedule reviews of sovereign credit ratings
It's not too hard to find current sovereign credit ratings, but I need more info. I believe that the major ratings agencies schedule reviews of different countries (or banks, etc.) so what I'd like ...
0
votes
2answers
207 views
Is it customary for foreign companies to add Indian TDS tax to quotations
With the TDS being a deduction 'at source' and therefore not really the responsibility of the foreign company, is it customary to mention it when quoting and Indian client?
Thanks very much.
9
votes
6answers
1k views
How can I avoid international wire fees or currency transfer fees?
I'm paid by an American company, but travel to France frequently and need to have a French bank account for various reasons. So far the cheapest procedure I've found to transfer money is
withdraw ...
1
vote
0answers
38 views
How to select a bank based on availability in two areas?
Suppose I will be frequently moving back and forth between Country A and Country B. I would prefer to work with a bank which has many offices and ATMs (so I can avoid the fee for using another bank's ...
4
votes
1answer
71 views
As a Brit, how do I invest in US ETFs
Specifically, I'm interested in the Vanguard High Dividend Yield ETF. I actually live in China and don't plan on returning to the UK for the foreseeable future. Although I have some UK investments, ...
0
votes
1answer
65 views
Are bank accounts (same bank) accessible from outside of the U.S
This is a bit of a subjective question, perhaps more of a safety concern.
I currently bank with Citibank (U.S), and since I know they have branches in other countries, could bankers in those other ...
6
votes
2answers
454 views
CD interest rate US vs abroad, is there a catch?
I was in Ukraine and ran into a few banks that offer anywhere from 5% to 10% interest rate on investment per annum. For example, Erste Bank is willing to pay 5,75% on 12 months deposit. I have few ...
2
votes
3answers
128 views
Moving savings to Canada?
Would it be feasible to move my savings to Canada? Would this be a good way to avoid losses associated with another US banking crisis? (assumption is Canadian banks will weather a crisis better than ...
5
votes
4answers
734 views
How to change a large quantity of U.S. dollars into Euros?
What is the best way to change $30,000 dollars from the U.S., into Euros to Europe ?
Is an international bank account the best solution? If not, then what?
0
votes
2answers
284 views
VAT and German freelance working on international project
I am a freelance in Germany ("freiberufler" is the term here). I have developed a website for a Spanish company and I have written them a bill for it.
Now they are trying to put their finances in ...
2
votes
2answers
544 views
Applicability of W-8BEN form to Indian citizen working in India for subsidiary of a U.S. company?
I am an Indian citizen and employed by a legal entity incorporated in India. The parent company of this legal entity is a U.S. bank.
Recently, all employees received a notification that since the ...
4
votes
1answer
83 views
Is there a term for people who manage the money of dual citizens?
I'm a dual citizen of the United States and Canada. I'm afraid to invest in anything because the tax treaties and laws between the two countries make everything too complicated for me to follow.
Even ...
6
votes
2answers
611 views
Is freelance income earned by a U.S. citizen while living abroad subject to state income tax?
My wife is a freelance web developer, formerly residing and paying taxes in NY. She left her job in December 2011. We moved to Italy (where I am employed by the U.S. government) in January 2012.
...
4
votes
1answer
56 views
Can I deduct equipment expenses for a job I began overseas?
This year I began teaching English in Japan, but I had several hundred dollars worth of preparatory expenses, including a new computer. Are these eligible for equipment tax deductions?
2
votes
2answers
125 views
What extra charges and fees will I be billed for an international credit card transaction?
I've never traveled abroad in the past. I live in the US, and am taking a vacation shortly to Italy. At this time, I'm trying to understand what additional fees will be incurred if I attempt to use ...
8
votes
2answers
656 views
What do we need to consider if we're to receive a large cash gift from family abroad?
Are there any rules regarding receiving monetary gifts from family abroad? My fiance's parents want to wire us $25,000 from Brazil to be used on a down payment on a house. What are the tax or other ...
8
votes
4answers
639 views
How can all these countries owe so much money? Why & where did they borrow it from?
When I look at this long list of countries with debt, I get the feeling we've all been sold a load of manure. How can so many countries owe so much money? Generally speaking, why did they borrow it, ...
9
votes
3answers
95 views
Retirement saving strategy for international people
Currently, I'm a grad student in physics. I am originally from Germany, pursue my PhD in Canada and have not yet made any plans on where I would like to work and live afterwards. A career in academia ...
7
votes
3answers
981 views
Ways to establish credit history for international student
I am a student on a F1 Visa in the US.
Being a non US Citizen and on a student Visa, I am unauthorized to work off campus, and so I am restricted to work upto 20 hours a week on a hourly wage and ...
3
votes
1answer
184 views
When traveling in Southeast Asia, what is the best bank and card to use?
I am going to travel to Asia, to Thailand and Indonesia among other countries (yet undecided). I am traveling from Denmark and have a Danish bank account - but also a Swedish one since I'm originally ...
1
vote
4answers
385 views
How can an Indian citizen get exposure to global markets?
Other than investing in sundry international equity funds, is there a way for an Indian citizen to invest in global securities? Is it possible for example to buy shares of Google?
6
votes
3answers
227 views
How to trade “exotic” currencies?
Most Forex brokers only offer trading of the major currency pairs -- USD/EUR, USD/AUD, etc.
What is the best way to trade more "exotic" currencies such as the Brazilian real and the Thai baht?
5
votes
2answers
542 views
What Canadian tax is payable on money received (gifted) from a relative in another country?
I have a Canadian and German passport, but I have lived in Canada for 15 years. My grandpa, in Germany, had opened a certain savings account for me from which I will recieve a lot of money from in ...
4
votes
3answers
221 views
What is an “International Equity”?
I'm an investment newbie, and I'm trying to understand the terminology.
On the website for a certain investment firm, the main types of assets are:
Large Cap Equity
Small Cap Equity
International ...
4
votes
1answer
68 views
What are the opportunities/implications of having a designated clearing bank in my home country?
NOTE: I don't come from a finance background i.e. I'm an idiot in this topic.
Recently China announced that the Bank of China and ICBC will become designated RMB "clearing banks" in my home country, ...
3
votes
2answers
94 views
Becoming a citizen and then expatriate
If I become a citizen of the United States and then decide to live in a foreign country, must I pay any form of taxes to the United States Government.
First scenario assume that all my income would ...
4
votes
6answers
7k views
Can foreigners holding US tourist visa create a bank account in USA?
I am not a US citizen and want to visit USA as a tourist.
Since withdrawing money from my home-country bank account will cost much, it is better to open an new bank account in US (after arriving) ...
3
votes
3answers
695 views
American credit card with a foreign billing address?
Are there any American credit cards that I can use with a foreign billing address?
Specifically, if I have the card now, with an American billing address, and if I move abroad, will I have to give it ...
3
votes
1answer
71 views
When spending parts of a year working in the US, and other parts working in Canada, where do I file my taxes?
I worked both in the US and Canada last year, while being resident in only one country. Am I required to report all of my income from both countries to both governments, or is there some rule or ...
10
votes
5answers
2k views
If a country can just print money, is global debt between countries real?
I was having a conversation with my brother last night and we were trying to figure out how exactly countries go into debt to each other. Say the US borrows money from China. What does this mean? Do ...
2
votes
2answers
44 views
What fees and other costs are associated with Moneybookers withdrawals in China?
What fees and other costs are associated with Moneybookers withdrawals in China?
1
vote
1answer
98 views
What is the procedure, and limit of medical expenses in order to claim for tax returns in US?
Since last year I have spent sufficient amount of money on medical bills (greater than $1500) as a result of 20% that I am supposed to cover under my insurance. My questions are:
For an ...
2
votes
4answers
199 views
US Tax return upon returning to UK
I have an offer from my employer to move to New York, but I am concerned about what happens when I choose to return home to the UK. I understand that there is a double taxation treaty between the UK ...
2
votes
1answer
143 views
US Taxation on interest on savings in UK
I have an offer from my employer to move to New York. The move is "permanent" and as such I will become a resident alien within the US. I do not wish to transfer my entire savings over to the US as I ...
3
votes
1answer
1k views
W-8BEN? What's the tax from selling my software to a U.S. company, from abroad?
I am developing software program (I live and work outside of US - Europe, I don't have a company), and now have a client from US which wants to license my program (pay me money so he can use it).
He ...
4
votes
1answer
266 views
USA to Canada emigration and income tax
From January to August 2010 I worked in the USA and then I moved to Canada where I'm a student. Do I file an income tax return in Canada, USA or both? (If Canada, how do I get all of the deductions ...
4
votes
1answer
661 views
Foreign national currently working in U.S. & investing in 401(k) plan: How will taxes apply?
I am a foreign national currently working in USA. I am considering contributing around 5K to a 401K plan (with no employer match). I intend to return to my country in a few years (when I am in my ...
2
votes
1answer
300 views
How can I invest in US Stocks from outside the US with a credit card instead of a bank account?
I would like to know if it it possible to invest, buy stock, for example in Apple from outside the US.
I would not like to use bank accounts in possible rather the credit card, to do this, what ...
3
votes
2answers
496 views
How do (United States) 529 college savings plans work for attending college in another country?
I've been looking into 529 plans for my son (3 yrs old) but he has dual citizenship (US and Canadian). It is possible that he might attend college in Canada.
I've look around for information on ...
5
votes
4answers
4k views
How to do an international money transfer of a large sum of money to the U.S.?
I may need to transfer a substantial sum of money (worth more than 10K in US dollars) from Israel to US. With this, I have these questions questions:
I know IRS is notified on any large transfers. ...
1
vote
1answer
137 views
Effect of home country inflation vs. resident country inflation on immigrant's assets?
Let's assume that there is an immigrant whose resident/host country is US which has low inflation while his home country has high inflation. The immigrant invests in his home country using his ...
7
votes
4answers
2k views
Are credit histories/scores international?
I'm starting work in the US, and I'm wondering if my credit history will transfer. If not, is there a way for me to gain an "international" credit history, or equivalent, in expectation of other ...
9
votes
1answer
231 views
How do I get into investing?
This might seem like a silly question, but I have a few things that make this quite difficult for me.
I do not live in my home country and the market here is not a market I would like to be ...
3
votes
1answer
64 views
How to do long-term financial planning if your career is expected to be international?
I am thinking of getting life insurance and starting to think seriously about retirement (I'm going to turn 30 next year), but I expect that I will live in a couple of different countries over the ...
6
votes
2answers
358 views
Can I refinance a property in the U.S without U.S. income?
I'm Working for a big international corporation and I'm back from a few years of relocation in the U.S. while I was in the states on a US payroll (I'm not an American citizen) I bought a property ...
