Sometime,... emm,... how we interpret this is not important,... it's how our brokerages and fund houses interpret that is important. The brokerages and the fund houses are the ones doing the withholding.

You're wrong.

I know brokers worldwide who still collect withholding taxes when there are instructions that such proceeds do not require taxes withheld. Then when we ask them why are they withholding when there are these instructions and these instructions, they just say they will need to withhold,... and that they will remit (back) to the IRS. God knows if they do,...

We have to take it up with the IRS after that.

If they have followed proper instructions earlier, we wouldn't have needed to do more work with the IRS.

Brokers DON'T JUST HELP THE IRS, THEY DO MORE THAN WHAT THE IRS TELLS THEM TO 'PROTECT THEIR ASSES'.

We'll see soon what happens to Ireland !

Well,... there are investors who are happy paying taxes to the US Govt,... so that's fine.

Frankly,... I don't mind too,... paying taxes for good assets, but I wished to see the quantum of taxes to pay. Not 20%,...

So is Singapore. But why are there talks now abt taxing unitholders who invest into US REITs listed in Singapore ?

I'm sorry bro,.. I don't know,... but I do know know is this US Administration is really keen on taxing as many of the outside world as possible. If it doesn't happen today, it might happen tmrw or the next year. There is so much uncertainty out there.

I'm sure many high net worth individuals would have moved some of their assets out of US-linked investments. Many funds would have taken similar steps too.

Tq for your replies,...

There you go,... brokerages are covering their asses, right ? So they just tax first-lar,... therefore you were wrong when you said "Won't be broker."

I can tell you,... the broker will be the first line to withhold tax,... then subsequently, we will need to go back to The IRS to claim back what the broker took. We need to raise IRS File Numbers, etc,...

For IBKR, will they do withholding taxes onto instruments like PFLT, and if they do, what documentation is needed to get the exemption ? Notes as below for the latest PFLT dividend payout,.....

"PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) has announced its monthly distribution of $0.1025 per share for June 2025, payable on July 1, 2025, to stockholders of record as of June 16, 2025. The distribution will be sourced from taxable net investment income. PFLT operates as a business development company focusing on U.S. middle-market private companies, primarily investing in floating rate senior secured loans. The company is managed by PennantPark Investment Advisers, LLC, a middle market credit platform managing approximately $10 billion of investable capital. The distribution may be exempt from U.S. withholding tax for non-U.S. stockholders when proper documentation is provided, as the company generates qualified interest income and short-term capital gains."

To your second reply : REITs' mandates are to pay out 90% of their net income as dividend to unitholders. Why not fair if these instruments are not taxed against their net income ? Of all people, you shld know this. You invested in REITs too,... or,....... have I misunderstood your question ?

To your third reply,... I invest into the US, SG and into other countries too,... directly into their jurisdictions, ie having accts in a brokerage inside the ctry. I think factors such as 'easy to make money' and liquidity are available everywhere. Just depends on whether you know what to do or not. You are good in Options against US equities, hence, your biasness into the US mkts.

Nothing wrong with that tho',... just like I'm biased with the SG mkts because of its taxfree status, political stability and stable currency. OPenness into the world,.. easy to open accounts, etc,... but emm,... not so easy anymore today.

One more advantage,... but that's just me,... a convenience in attending functions in the companies which we invest into,...

Everybody knows US REITs dividends are not qualified. No need to talk abt this. BDCs and MLPs are NOT weird, they are good dividend-paying entities that invest in companies in The USA,... these are instruments that we don't see in many parts of the world.

I think I'm earning more than Adam Khoo in terms of investment income. NO need to look at him.

Yep,... no doubt abt that,... and I'm benefitting too from these companies. Problem today is,........ POTUS wants a share of our profits/returns,... a big cut,.......

I don't understand the what you are trying to imply. What's wrong with bringing up PFLT ?

PFLT is not a REIT.

If you don't know, don't touch then !

Ok,...

Why is China still hit with 55% tariffs whereas goods entering China is taxed at a mere 10% ? Perhaps I missed out something here,... why is Trump saying this is good for The US & China ? He got the better deal,...

Bro,... it's The US imposing 55% tariffs onto the U.S, and China doing only 10% onto incoming US Goods into China.

Year,... TACO,....

Thank you for your inputs, bro,...

Yeesss,............

I just heard of this too,... and yeah, open MooMoo SG asap before 'the door closes',....

The last time I spoke with them at their booth at The Lifelong Learning Centre, they said we have to do it manually at their office because we don’t have SingPass.

After you've managed to open MooMoo SG, you can log-on as usual. But you'll first have to go to their SG office to open acct 'manually'.

Of course, things were easier when there was no MooMoo Msia,... it's always like that,... when there is no local subsidiary yet, you can always join the foreign entity if it is good.

Hi,...

I will watch the fireworks tomoroow morning at 9 am.

Then I will watch the news closely to see if POTUS and team starts sending final letters on tariffs to whichever countries.

Then I would find a way to relate those actions with stock movements in The US and in Singapore,... and buy or short accordingly.

Oh yeah,... one more,... with the passing of the 'big beautiful Tax Bill' this morning,... see what effects which ctr and do accordingly. I would think POTUS would want to sign this asap,.. and not wait till the bill arrives on his desk after July 4th....

Ok bro,... I've decided not to watch the fireworks this morning, starting in a few mins. I'm deep inside my work now,... planning for my Southern Europe Drive. It's quite complicated here.

I saw a pop-up on my phone last night from Yahoo Finance - Trump has started to send out the tariff letters, and I saw something like,... what ?,... 70% tariffs being imposed somewhere,... Things are moving, even on Independance Day.

Bro,... Based on what you understand on Section 899 earlier,... how does it affect US REITs which are listed in the SGX ? Just curious here,... I saw in your input that this bill has been dropped.