Investments & Finance

by Nestlé

Question by screwed: Do I have to pay capital gains taxes on international investments if I live in the US?
I am planning on making some investments outside the country (stock market investments). Can I access the profits while living in the US or will I have to pay capital gains taxes on it? If so, how much will I have to pay say for ,000 in profits?

Best answer:

Answer by Spock (rhp)
all Americans are subject to capital gains taxes on all their gains, no matter where the gain occurs.

so, yes — you will have to pay.

15% long term capital gains tax is the current rate.
you may get a credit for taxes paid to the other country; for example, Canada taxes the gains foreigners make in Canada at 15%, the the net effect is that an American pays the higher of the US or Canadian rate.

Add your own answer in the comments!

Question by rebekah thomison: How many of you think that forex is going to control the future of the world?
As it is the ROI is reaching more than 5% everyday. Considering the current economic upgradations in almost all nations across the world, do you think that forex investments are going to reap the best results?

Best answer:

Answer by gisella mckeane
I think that Forex will have some interesting ramifications on the geopolitical power shifts that may happen sooner rather than later.

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Give your answer to this question below!

Question by sujatha r: Want to invest 10000 to ICICI ULIP PLAN ?
Whether if I invest Rs.10000 to ULIP as a long term investment, can it be beneficial in this type of market situation? or shall i invest monthly installment basis. I can spend monthly for Rs.3000/00 pm.

Best answer:

Answer by Tigers
I think you should go by the way of installment basis as Market is not Stable now and what will happen in near future you cant assume! For for investment planning go to any investment advisor and keep an eye on news website for Market updates like Profit.ndtv.com

What do you think? Answer below!