Online brokers and CRS

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asusanti

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Mar 19, 2021
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Hi guys,
So, I heard that the Interactive Broker has many branches (UK IB, AU IB, HK IB etc). And except for IB LLC in the US, these branches are joined with CRS.
My questions:
1. Can investors choose to be registered as a US IB client?
2. Are there other online brokers who don't join CRS?
3. What about online brokers like TD Ameritrade, Chales Schwabb, Fidelity?

Many thanks before.
 
Don't waste your time, FATCA goes both ways.
1. foreign tax autorities send to⁣ IRS data about USA citizens with financial accounts abroad
2. IRS sends data about foreign⁢ residents with financial accounts in USA to foreign tax authorities
 
I am not expert but

I have account with TD Ameritrade.

I receive Email like‌ this
hope this help.

Do you check︀ Home ?
Small Broker , Small amount nobody cares.
If You are talking with millions︁ , Best to follow all rules and regulation.
 
So, what should an international investor do now?
Give up?
Paying capital gain tax in some⁠ countries eliminates the attractiveness of international investing.
 
Changing your‍ residence and tax residency to low tax country. Easier said than done.
 
correct but still the best valid solution if you look to‍ reduce your overall tax burden legally.
 
Real esate is not covered by crs. I was hoping to find some way to‌ invest in non listed REITs. Or some property investment vehicle from a major global property‍ company, ideally in Singapore. Something that does not trigger crs. Can't find anything.
 
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