If you already have IB why open another account?

payment of order flow lah.

Now you know free things don't come easy.

FT 100322: https://drive.google.com/file/d/1nessWrOaQ0...iew?usp=sharing

New book to recommend:





https://www.plutobooks.com/9780745345321/tax-haven-ireland/

Found this book from my library's new arrival. Very good read, about 200-page long.

The first 16 pages can be viewd for free online in the above link, but I can't find a full e-book copy for now (still a pretty new book). https://s3.amazonaws.com/supadu-imgix/pluto...80745345321.pdf

Anyway, the first 16 pages would already be pretty eye-opening. Go have a read. (Warning: some minor use of explicit "sex- and porn-related words/lines" in the link. Reader discretion is advised. Caveat Lector)

I found some online trial versions here: https://www.scribd.com/book/540668988/Tax-Haven-Ireland

Some links you will find useful (for extended reading):

https://rupture.ie/articles/tax-haven-ireland (Don't worry, "ie" is country code top-level domain for Ireland)

https://en.wikipedia.org/wiki/Ireland_as_a_tax_haven

https://www.irishexaminer.com/opinion/comme...d-40761102.html

Highly recommend this book for:

1. Investors/prospective investors of Accenture (ACN), Blackrock (BLK), Blackstone etc or major global banks e.g. Goldman Sachs (the book covers tax evasion from the City of London too and tells you the directors of big banks and their roles in corrupted Ireland...)
2. AAPL investors (learn how Apple "transfers" profits to Ireland)
3. UCITS/Irish ETF investors (UCITS could be used as tax evasion vehicles..., the law may change any time. Also good to learn about UCITS' history in general.)
4. Lawyers, bankers, accountants interested in stuff like the Panama papers and how tax evasion works in Ireland in general.

Fun fact (but not really funny, consider that it's Woman's day): The parent company of the world's biggest porn company pays 0.06%-1.2% in effective tax rate (out of total revenue).

Enjoy!

This post has been edited by TOS: Mar 10 2022, 07:48 PM

For TSMC shareholders (news in Mandarin): https://drive.google.com/file/d/1942zG4OADf...iew?usp=sharing

FT 110322: https://drive.google.com/file/d/1UyXg4ZWfIh...iew?usp=sharing

It's hard to relate french fries to semiconductors. But not many know that J. R. Simplot, the founder of J. R. Simplot Company, the biggest supplier of french fries in the US (accounting for one-third of US french fries and hash browns supply in the US) was also the founder of what would become the world's 3rd largest memory maker, Micron.

How a group of "blue collars" farmers manage to rise to the occasion and turn Micron into a hundred billion dollar company? Why is Micron headquartered far from the Silicon Valley but in Boise, Idaho? What does Micron's latest memory technology, which surpasses Samsung, tells TSMC, who prides on hiring "elite uni graduates" in Taiwan?

Read all these in the latest 天下杂志 (issue date 26th of Jan - 22nd Feb 2022): https://drive.google.com/file/d/1hXZTS0vkM4...iew?usp=sharing

Reference: https://en.wikipedia.org/wiki/J._R._Simplot

This post has been edited by TOS: Mar 12 2022, 01:48 PM

Further to what Athrun said, for certain countries like SG, fixed pricing is cheaper than tiered pricing. But in most other markets e.g. HK, US, EU markets, tiered pricing is cheaper.

Most people would forgo the "small extra fees" paid for SGX counters as they have larger US/HK/EU etc. holdings, compared to having to change back and forth between fixed and tiered pricing every 24 hours to buy SG and non-SG stocks.

Yup exactly. That's what I tried to do too.

But it takes around 24 hours for the change to take effect. And in a bear market, you probably want to buy "battered" counters that you like on both SGX and NYSE. But since market changes swiftly, you can only pick one side within 24 hours.

FT last week (weekend): https://drive.google.com/file/d/1WFT314CUEF...iew?usp=sharing

FT 150322: https://drive.google.com/file/d/10dg0mfn_KI...iew?usp=sharing

FT 160322: https://drive.google.com/file/d/12AdRkjjXg4...iew?usp=sharing

https://www.wsj.com/articles/ukraine-war-dr...share_permalink

https://www.wsj.com/articles/paytm-investor...share_permalink

Fonterra results.

Announcement on SGX: https://links.sgx.com/1.0.0/corporate-annou...9558c3dbff349a0

Offcial announcement: https://www.fonterra.com/nz/en/investors/re...-reporting.html

More info on Fonterra shareholders' Fund for those who are interested: https://www.fonterra.com/nz/en/investors/fo...lders-fund.html

You can trade FSF securities on ASX but not NZX however, since IB does not offer trading services on NZX.

FT 170322: https://drive.google.com/file/d/13R78-XmNXL...iew?usp=sharing

dwRK Hansel

A tax question (today is Roche's ex-date. Dividend coming in in 3 days time.)

If assume I stay in SG for 90 days (circa 3 months), and divide the rest of my time in 2022 evenly in Malaysia and Hong Kong, i.e. say 137 and 138 days, respectively. (of course unlikely so exact since I am most likely a HK tax resident for 2022, but just a hypothetical question.)

That means I will not be a tax resident of either SG, MY or HK. So if this is the case, where does my tax residency belong too? And how am I suppose to reclaim my withholding tax if I am not a tax resident of all 3 places?

FT 180322: https://drive.google.com/file/d/1wFSwHuwZUD...iew?usp=sharing

An in-depth view of the culture behind LSE and its past history which leads to the failure in the Nickel market failure crisis recently:

https://www.wsj.com/articles/inside-the-nic...share_permalink

Wow I can prefer my tax residency in certain locations? That means I can choose my tax residency?

From what I have checked, based on dwRK's advice, the latest version of HK-MY DTA. https://phl.hasil.gov.my/pdf/pdfam/Hong_Kon...UA_366_2012.pdf

Based on the (English version) Article 4, "Resident", I am a MY resident which is the case if I stay less than the 180 days in a year of assessment (or less than 360 days in 2 consecutive years of assessments). But if I meet that requirement, I am considered to be "domiciled in Malaysia", so "by reason of domicile", as paragraph 2a) says I am deemed a resident to Malaysia since my permanent home is available there.

So, to me, there are no two ways about it, I am a MY tax resident. At least that is how I interpret the DTA. You have a different view?

Also, unrelated to this, Takudan have you tried claiming your Nestle WHT from Swiss FTA before? Just want to know the details of the TT fees charged. If I use a local bank account like Maybank I need to pay for the inbound TT fees? What if I use my SG CIMB account, since the TT fees are waived, I presume that can be used to receive the money (i.e., in SGD)?

Thanks.

BT 210322: https://drive.google.com/file/d/1jJZRnwkdXP...iew?usp=sharing