Questions tagged [international]
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.
390
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Is it a good idea? A company to "buffer" income to be withdrawn in the future
Before talking to a tax advisor, I'd like your inputs and your experience.
This is very important:
I'm a permanent resident in Japan, French-citizen
My marginal rate is high, I'd pay 50+% on any ...
- 111
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0
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48
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Does dividend tax witholding mean that ETFs aren't necessarily great for personal pensions overseas?
Question
For tax-shielded personal pensions (US IRAs, UK SIPPs), should one prefer to "manually replicate" ETFs by holding stocks directly instead of buying ETFs, to avoid US withholding tax ...
- 121
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65
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Can a French plan épargne logement (PEL) be used to purchase a property located outside France?
I wonder the following: can a French plan épargne logement (PEL) be used to purchase a property located outside France?
https://www.service-public.fr/particuliers/vosdroits/F16140 does not indicate ...
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80
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Can I send international payments using the Google Pay app?
Can we send international payments using the Google Pay app? For example, a contact in the USA, Canada, or the UK. Can we transfer money from India to the USA or Canada or UK using Google Pay or vice ...
- 121
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195
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How can I cash a US cashier check in Sweden?
I have a cashier check from the US. I live in Sweden, and the Swedish bank will not accept it. What can I do?
-1
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1
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242
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How to wire a check internationally (US to China) without a bank account?
I moved from the US to China. I'm trying to clear out all my accounts and consolidate my assets into my bank accounts in China. I mistakenly closed my bank account before my investment account. Now, ...
- 109
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1
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42
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Income tax principles when moving countries
I am currently in Germany and moving from there to Singapore in April next year. I am a remote worker and continue to be paid by the same employer. After quite a lot of searching, I am quite confused ...
- 131
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0
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81
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An a person without a US citizenship, do I always pay a capital gains tax according to the laws of the country I made the gains in?
I lived in Germany my whole life. I don't have a US citizenship.
I invested in S&P 500 via the American "Interactive Brokers" for the last 4 years.
Now I want to move to New Zealand.
I ...
0
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1
answer
42
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US Dividend LLC Taxes for Non-US residents and non-US business activities
We are considering creating an LLC in the US (Delaware or Wyoming), here as "Mother LLC" that will own another LLC in another country here as "Local LLC." The Local LLC will fully ...
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1
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282
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Check a bank legitimate [duplicate]
I would like to know if Habib Union offshore bank is legit. They had ask me to pay income tax ($5250) and IMF registering ($25500) to unlock my account.
And now they asking to pay for IRA Clearance ...
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0
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72
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Selling UK inherited shares when resident abroad in a non permitted jurisdiction
I have recently inherited a small number of shares from my mother. These are held by COMPUTERSHARE on behalf of AVIVA. I am executor and sole beneficiary and am trying to liquidate the estate.
...
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3
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0
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102
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UK taxes on rental income from abroad (Italy)
I have a property in Italy that is currently rented. I'm paying 10% in taxes as rent is at a rate agreed with the local council. According to the UK/Italy double taxation convention, it seems to me ...
- 227
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1
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132
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inheriting (and selling) a house via a trust vs being named on the title
Apologies if this is a silly question. I am quite naive when it comes to taxes.
I am a dual US/UK citizen. My wife is a UK citizen. We reside in the UK.
My mother is a US citizen residing in the US ...
- 11
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0
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128
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Offshore Bank Account [duplicate]
I lent someone some money which they promised to pay back, now I have been asked to open an offshore bank account with a bank called Pub Capital Bank in Mexico which I opened, instead of the money he ...
6
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2
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221
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How can I track money in an international transaction?
I am experiencing an unusual problem. I would love input from a finance person who knows how international transfer works. Here is the summary.
I visited Australia from India last year. While in ...
- 61
2
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1
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94
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Keep money in Australia but have access to them overseas
I am going overseas for extended period of time. Gonna have overseas residential address, mailing address and non Australian phone number. But I want my life savings to be in Australia with access to ...
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1
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116
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Where can I see on Merrill Edge the sum of the dividends and distributions that were from a foreign country or U.S. possession in a given year?
When preparing my US taxes, I need to indicate the sum of my dividends and distributions that were from a foreign country or U.S. possession in a given year. E.g., in TurboTax:
Where can I see on ...
- 11.2k
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1
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119
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Why are foreign transaction fees with debit cards often higher than foreign transaction fees with credit cards? [closed]
I read in this answer by Sneftel:
Debit card foreign transaction fees are often higher than credit card fees.
I've noticed that too with cards issued in the US. Why are foreign transaction fees with ...
- 11.2k
0
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1
answer
42
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Minimum wage in an international payroll context
Suppose a UK private limited company is hiring an employee from an EU country. The employee is hired as an actual full-time employee, i.e. not as a freelancer or as a consultant.
Does the UK company ...
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2
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136
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Can I employ foreigners for tax purposes?
If I have a business in the UK that would be taking x amount profit per year, what if I pay employees in a low tax country like Philippines (freelancer rate is 8%).
E.g. they might do £400 worth of ...
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1
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38
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What are the earning opportunities for international students with F-1 Visa in USA?
I'm prospective graduate student hoping to apply for a graduate program in usa in the coming fall intake. But a major issue that's been affecting my decision making in the past few days is the amount ...
0
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2
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124
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How can I get a copy of all the information about me that the French tax authorities send to the US tax authorities?
One of my French banks informed me of the following:
How can I get a copy of all the information about me that the French tax authorities send to the US tax authorities? (all the information = not ...
- 11.2k
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1
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Can an individual foreign LLC be a CFC?
IRS defines a Controlled Foreign Corporation in terms of U.S. shareholders and voting power (Ctrl + F to CFC. In general), with some wiggle room.
Suppose I'm an independent contractor working from ...
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1
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38
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Is a foreign LLC exempt from self-employment tax?
A site writes,
If you conduct your business through a foreign LLC, your salary paid by the foreign LLC would not be subject to US Social Security and Medicare Tax. And, it would be eligible for the ...
- 27
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2
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288
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Can F1 students in the US earn Social Security work credits?
Assume a typical F1 student in the US. No side gig, focusing on their PhD work, getting a stipend from their school and possibly doing summer internships using CPT. Can they earn Social Security work ...
- 11.2k
-1
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1
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57
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Would foreign stocks held in a US brokerage account by a nonresident alien be subject to US estate taxes?
Suppose a non-resident alien investor has a US brokerage account at a US stock brokerage firm that has access to many foreign stock markets. The investor uses the US brokerage account to buy shares of ...
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0
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75
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Adding a branch code to my swift code, is there a difference?
I have been receiving money from Romania to Indonesia using the swift code CENAIDJA for the past two months. This month there was an error in the swift code but when the sender added 'XXX' making it ...
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4
votes
1
answer
313
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US Social Security taxes while working for Canadian employer but living in third country
https://stackoverflow.blog/2021/02/19/podcast-314-how-do-digital-nomads-pay-their-taxes/ got me thinking, how would a United States citizen, living in Taiwan (which has no Social Security totalization ...
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1
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184
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How can I know before paying whether the payment will incur foreign transaction fees?
I live in the US and have a Bank of America credit card with 3% foreign transaction fees. From time to time, I order something online in USD from a firm whose headquarters is outside the US but may ...
- 11.2k
1
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0
answers
52
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Transfer money internationally via wire transfer, provided intermediary SWIFT but not intermediary account number
I want to send money from the U.S. bank to one of the Georgian Republic banks. Georgian bank provided me with an intermediary bank SWIFT but not an intermediary account number, and the banker told me ...
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votes
1
answer
327
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Why do homes lose 50% of their value every decade in Turkey?
Homes lose about 50% of their value every decade in this country. Why is that?
Source:
2014 - present https://www.zingat.com/ankara-bolge-raporu
2005 - 2015 https://www.zingat.com/blog/istanbulda-10-...
0
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1
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90
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Is it possible to track down the intermediary bank(s) used in an international wire transfer?
I have some small amount of US dollars (< $500) wired from China to my credit union in US monthly. There are extra fees deducted recently by the intermediary bank(s). I'd like to find out who the ...
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32
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6
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Is "bank.gov.ua" the official website of the central bank of Ukraine?
Numerous websites have been encouraging people to donate to Ukraine, to their official government, via this website. (Note: ctrl+f "en" to find the English switcher.)
Is this website legit (...
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votes
1
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101
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AMS points as taxable income when living and paying taxes in EU
I have been invited by Mathematical Reviews to perform reviews of articles. As compensation, I received some AMS points, which are redeemable as credit toward future purchases of books, etc, from the ...
- 151
2
votes
2
answers
140
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Where do international students pay taxes?
I am a citizen of one EU state studying in Germany and would like to start investing. As far as I am concerned, I am considered only "temporary living" in Germany. In this case, where would ...
- 21
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0
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45
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Pros/Cons of Foreign Ordinary Shares vs International Markets
As a US investor I have several options to invest in foreign equities:
Direct investing in a foreign market (ASX, TSX, TSXV, etc.)
ADRs (Y-class shares on OTC, not always a 1:1 ratio)
Foreign ...
- 353
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1
answer
116
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Gift from foreign parents
I work in the USA on a visa. My parents gifted me 99.97k in 2021. When I look online, I get the impression that I don't have to do anything since the limit seems to be 100k when the gift is given by a ...
- 135
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1
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99
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On what basis do countries repay international loans? [closed]
Most countries have their own sovereign currency. Essentially they can print their currency. So how do countries repay their loans? And a similar question would arise while granting a loan to another ...
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1
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189
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Do the French tax authorities require French Forms 5000 and 5002 to be original, or can they be copies/scans?
I wonder whether French Form 5000 (mirror 1, mirror 2) a.k.a. CERFA 5000 and French Form 5002 (mirror) a.k.a. CERFA 5002 need to be original when sent to the French tax authorities (a.k.a. the Fisc),...
- 11.2k
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1
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127
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Best way to pay taxes (German citizen living in US to work internationally)?
I am a German citizen living in the US on a J1 visa. I got an offer to work part-time remotely for a company in the UK. This company could hire me or I could work for them as a freelancer. Germany has ...
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1
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93
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Do American brokers and banks report client information (account size, balance, yearly profit) to client's country?
Do American brokers and banks report client information (account size, balance, yearly profit) to client's country?
Question is ONLY for NON-US citizens.
Client's country refers to
Where client lives....
- 21
5
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0
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77
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Social Security, expat, and small side business
I plan to retire soon. I am an American and I expect to get about half my retirement income from Social Security. I have not reached full retirement age. (I'll be 63.) I own a tiny side business that ...
- 22k
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1
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108
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Is there any upside in owning American depositary receipts (ADR) instead of owning the underlying stock directly, if that's possible?
American depositary receipts (ADRs) have some
fees, their own risks and a few other downsides. Is there any upside in owning ADRs (e.g., AXAHY) instead of owning the underlying stock directly (e.g., ...
- 11.2k
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1
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82
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Is the signature of a non-US branch of a US financial institution accepted by the French tax authorities for French Form 5000 a.k.a. CERFA 5000?
I am a US tax resident and I am currently outside the United States. I have to complete French Form 5000 (mirror 1, mirror 2) a.k.a. CERFA 5000, which requires to obtain the signature of a "US ...
- 11.2k
4
votes
1
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101
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Status of US brokerage account of non-domiciled citizen
I have a brokerage account with Ameritrade (now owned by Schwab) that I’ve held for almost 25 years with almost all my savings there. Recently I left the US and have decided to settle in Spain. Can I ...
- 247
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0
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51
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How to setup a canadian CIBC bank account, from the US?
I am an international student (US citizen currently residing in the US). I will be going to university in Toronto Canada in a couple of weeks. I have arranged to pay rent for a single room apartment, ...
1
vote
1
answer
85
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Criteria applied for residency if none of the countries is claiming the individual as resident
In tax treaties based on the OECD Model Tax Convention, each contracting state details who it claims to be a resident (Article 4, Section 1), then a cascade of criteria ("tie-breaker rules") ...
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2
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358
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Should a small fry investor even bother with traditional brokerage firms?
I've done a bit of research and it seems that Ireland doesn't have a huge amount of firms that handle investment portfolios.
I found: Zurich, Davy, Irish life, Aviva, and anything that offers ...
- 155
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0
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43
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Is any international (ie. non-U.S.A.) foreign financial securities market tax free or significantly less taxed than USA markets?
Hypothetically, is it possible to buy and sell some kind of financial security (ie. stocks, currency, even crypto) in some foreign market and keep the money there and pay no taxes as high as short-...
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0
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44
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US Resident Buy and Sell outide of USA- Do I owe tax other than the income tax?
I am a resident of USA. I purchase goods online from a supplier in the Philippines. My buyer is also based in the Philippines and is responsible for pick up from the supplier. Therefore, the ...
