Investing in US stocks, Does anyone know how?
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 Jan 28 2008, 10:29 AM
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor  
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QUOTE(amirbashah @ Jan 28 2008, 08:28 AM) I thought it's tax free for investing stocks in the US? Do they charge you solely on dividend or how much you gain from your investment? As keith mentioned, the tax is charged on your dividend income. There is no charge for capital gain. But I think investing in US will incur double tax? I read it somewhere that we'll be taxed there, and if our money comes back to Malaysia, we'll be taxed again. I forgot which article it is from  |
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Jan 29 2008, 03:08 AM
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#2
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor
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QUOTE(dreamer101 @ Jan 28 2008, 10:52 PM) Jordy, Oh silly me, thank you dreamer for clearing my doubt <<if our money comes back to Malaysia, we'll be taxed again.>> Since 2003 or 2005, the law had changed. A) If the money come back to a Malaysian resident, it is tax free. B) If the money come back to a non-Malaysian resident, it is taxable. A Malaysian resident is a Malaysian that lived in the country for at least 180 days for that calendar year. Dreamer  |
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