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Advice requested on brokerage account
My intention is that through an entity I will be able to open a brokerage account, despite my US citizenship. I hope the fact of managing the entity does not dissuade a brokerage from doing business with me. In a conversation by chat with Saxobank, I was informed that I could open an account in...- paulsnail
- Post #5
- Forum: Mentor Group Gold
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Advice requested on brokerage account
Yes indeed, the instruments traded make a difference in the choice of brokers, I can see. I trade equities, ETFs, and options on those. Currently just US markets, but I can switch over to European tickers if necessary. I find the liquidity of the US instruments somewhat preferable, but that...- paulsnail
- Post #3
- Forum: Mentor Group Gold
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Advice requested on brokerage account
Hello! I have been trading in the financial markets for some decades and have attained consistent and rather significant profitability as of the last several years. While I believe in fair taxation, writing checks to the IRS in the amount of a house each year seems excessive. Naturally, I would...- paulsnail
- Thread
- Replies: 4
- Forum: Mentor Group Gold
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Best jurisdiction for Interactive Brokers
Thank you so much Sols, for taking time out to respond. I appreciate it. Those are great leads you gave me and I will follow up on them. I thought profits of a non-controlled foreign corporation in an offshore jurisdiction are immune to tax liability here in the US. So if I set up a...- paulsnail
- Post #3
- Forum: Offshore Company
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Best jurisdiction for Interactive Brokers
I am trying to find the right plan of attack. US citizen here. I have never considered alternatives to the straight and narrow path of paying taxes. I don't mind paying taxes but have had some bad experiences which I would like to avoid in the future (such as paying taxes on trading gains I...- paulsnail
- Thread
- Replies: 5
- Forum: Offshore Company