I don't like Google mate if you know what I'm talking about 🙂 I don't think I can PM here.
I think you pay the capital gains tax to the country you are resident of, for pretty much all countries. This is from my tax treaty:
The taxation of capital gains under the Agreement is essentially the same as under most recent U.S. tax treaties. In general, except for real property and business property, the︀ country of the seller's residence is given the exclusive right to tax capital gains. A︁ limited exception to this general rule relates to the alienation of corporate shares. Under the︂ exemption, one Contracting State may, in accordance with its law, tax a resident of the︃ other State on the gain from the alienation of shares issued by a corporation that︄ is a resident of the first Contracting State if (i) the shares are not quoted︅ on a stock exchange in the first Contracting State; (ii) the shares are alienated to︆ a resident of that State; and (iii) the seller held the securities for one year︇ or less. (Current U.S. law does not impose tax on a foreign person on the︈ disposal of shares in a U.S. corporation.)
As you can guess, the main goal is︉ to maximize growth. I'm looking into if I can use tax advantaged accounts like Roth︊ IRA or not. A reputable broker who knows my situation told me I can create︋ a Roth IRA with them but someone on the internet told me that's not legal.︌ Roth IRA helps you avoid federal tax and I don't know if that corresponds to︍ the ALL of the tax withholding. (I'm aware of estate tax 40% and age 59︎ limitation but don't know the specifics.)
Do you happen to know anything about Roth IRA️ or other tax advantaged accounts?
Btw I consulted with a few people and I think the tax withholding rate is a set rate, and it doesn't depend on income level.
