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To: arthur pritchard who wrote (93839)2/2/1999 7:01:00 AM
From: Kenneth Aird  Respond to of 176387
 
Arthur,

Check out revenue.ie

A quick scan showed the following basic income tax rate for individuals paying Irish income tax. At first glance it looks like one might do better to stay in the good old US of A. Unless of course you plan to start a business. I don't know if trading qualifies as a business in Ireland, but somehow I doubt it. At least not for the purpose of benefitting from tax breaks.

Bands of Taxable Income

Single/Widowed 98/99

£10,000 @ 24%
Balance @ 46%

Married Couple
£20,000 @ 24%
Balance @ 46%

Ireland does have a convention with the USA for the avoidance of double taxation which is available at the above site. Article 13 of that convention appears to me to imply that gains from the sale of US stocks would be taxed by Ireland and not by the US for a resident of Ireland. Of course I am not a tax expert and advise you to consult one before acting on this information.

Ken