Taxes procedure for foreign traders ? (France) Message Board

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Strategies & Market Trends : Taxes procedure for foreign traders ? (France)

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To: brakkar who wrote ()	11/22/1999 11:17:00 PM
From: Bhag Karamchandani	of 1

While I am not an expert, based on what I have read and heard, you will find that the US Brokerage you chose will automatically deduct 15% witholding tax (WHT) on dividends from US based companies. I don't believe that this tax extends to Capital Gains- but when you fill out the forms with the US brokerage they will explain the US tax implications at source for foreign accounts. Just as non-US stocks trade on US stock exchanges- some large US stocks may trade on foreign exchanges such as London- so you can legitimately avoid the US WHT buying shares there. Hope this answeres your question. Good Luck.

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