Best setup for trading and investing investing in us stocks and securities with no tax

[Martin Everson]

Why are you mentioning Georgian securities? The whole thread is about US securities i.e trading foreign‍ securities. My answer was in response to trading foreign securities income obviously....lol.

So active trading in foreign securities with a offshore broker will︁ be taxed your saying when Georgia does not tax foreign sourced income? Your saying they︂ would still consider this offshore income taxable in Georgia due to it being considered a︃ business activity. Is that what your saying? If so it's good to know. Do you︄ have a source to confirm this all....thx?

 

[backpacker]

Because Georgian securities‌ can be non-Georgian securities and non-Georgian securities can be Georgian securities.
Prominent exAmples: TBC, BoG‍
Just because a security is exclusively listed at a foreign stock market does not necessarily⁠ make a non-Georgian security.
It was a hint that to analyse the tax code carefully.⁤
Yes, that's what I am saying.

You have an excellent chance that exactly this will happen.

Indeed, it is!

Considering your attitude, I︁ suggest to start studying the tax code of Georgia and ask for professional tax advise.︂
However, you can also just read my post #18 once again and look a bit︃ more careful what it says.

Btw., the Tax Code of Georgia does not explain foreign︄ sourced income. It explains Georgian sourced income.

(Art. 104)

 

[Martin Everson]

You made claims with no evidence so I am asking for proof not hearsay. Where is⁠ your proof? When it comes to tax matters you need to seek professional tax advice.⁤ What someone claims on a forum is just a starting point for which direction to⁣ go in.

I already asked OP to speak︀ to BDO and get tax advice if that is route to be followed. That is︁ whole point of tax advice is not to guess or assume anything. You have not︂ given any evidence 😕

You gave two LSE︆ listed examples (BGEO and TBCG) which I know very well. Correct me if I am︇ talking about the wrong entities however and provide the correct ones. These are both UK︈ registered holding companies not foreign entities. What makes them Georgian securities please?

Bank of Georgia︉ Group PLC
TBC Bank Group PLC

I repeat please provide evidence to back what you︊ are saying. Otherwise I always say to get professional tax advice as nothing you said︋ has even passed the sniff test.

 

[backpacker]

Read the tax code. Posts #18‍ and #22 give plenty of hints where to start your own research.
Exactly. So, follow your own proposal.

What evidence are you talking about? It is quite easy to look up the︄ tax code and find out that it only explains Georgian sourced income.
.... for tax purposes.
Business activities and profits of both are︉ almost exclusively generated in Georgia. Dividends will be considered Georgian sourced income.
Again, read the tax code.
Key words: Business activity, professional trading, entrepreneurship, place of doing business.︋

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For all others who might stumble across this thread: Be careful with Georgia! It︌ is a nice country for a retiree who lives from interest or dividends. To this︍ regard the tax code is quite clear.
All other activities have to be approached with︎ great caution. Art. 104.q of the tax code is worth keeping in mind to avoid️ a bad awakening.