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Non-Tech
Shorting with Offshore Accounts
An SI Board Since February 1999
Posts SubjectMarks Bans
127 42 0
Emcee:  peter michaelson Type:  Unmoderated
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27 Unfortunately, many people who simply open up bank accounts offshore do not repPhilip S. LaMar Jr., J.D.-2/9/1999
26 Not a recommendation, for information purposes only: schwab-worldwide.com ThiseWhartHog-2/9/1999
25 i dont do any online trading ...dont trust the inet.. Anthony@Pacific-2/9/1999
24 With an offshore account can the trading be done online?Rob29-2/9/1999
23 I would recommend you visit www.barringtongroup.com. They are experts for bothPhilip S. LaMar Jr., J.D.-2/9/1999
22 This almost sounds like a situation where you short ("naked") the stoS. maltophilia-2/9/1999
21 less than 1 % Anthony@Pacific-2/9/1999
20 How common are buy-ins.. 1% of your short positions ? 5% ? You can also shortRajiv-2/9/1999
19 Yeah...But what if you get them mixed up when you come out in the morning and frogermci®-2/9/1999
18 I use super unleaded in the Ferrari and Diesel# 2 in the HUMVEE Anthony@Pacific-2/9/1999
17 I got you. So then it's not really a problem when you do that. What aboutrogermci®-2/9/1999
16 NO ..I dont ..if I get boutght in I just resell immediately.Anthony@Pacific-2/9/1999
15 Then to you consider a forced buy-in a problem or not....That's always my frogermci®-2/9/1999
14 because who have sold stock to someone and dont have shares to deliver but you Anthony@Pacific-2/9/1999
13 I have no idea... The Street-2/9/1999
12 Mechanics of Clearing.. If the clearing house is based in Canada and assuming Rajiv-2/9/1999
11 Why is it you are more susceptible to a forced buy-in if the stock was never borogermci®-2/9/1999
10 An American must pay taxes REGARDLESS of ANYTHING. An offshore corp. can be seThe Street-2/9/1999
9 Foreign accounts are 100% legal and as long as you report your gains,, and theAnthony@Pacific-2/9/1999
8 "Are people with offshore accounts paying taxes ?" Not necessarily, Mark L.-2/9/1999
7 An American can open up an account with Canadian stock broker, and trade whatevQ.-2/8/1999
6 Hi Peter, Good idea for a thread, but you might have been better to refer to feWhartHog-2/8/1999
5 Hmmm.... Does a non-US resident have to pay capital gains taxes on gains made peter michaelson-2/8/1999
4 This means that you have to pay Capital gains tax in the country where you haveRajiv-2/8/1999
3 Rajiv: I believe that US taxpayers are obligated to report all income, whatevepeter michaelson-2/8/1999
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