Is this even possible?
I receive dividends from foreign companies (ADRs) traded on the NYSE but am taxed 30% because I opened my account with my brokerage saying that I am a citizen of Country A, which does not have double tax treaties with the USA.
I am also a citizen of Country B, which has double tax treaty with the US. But I am currently working in Country A, which has an even lower tax rate than Country B. Is it possible to have a double-double tax agreement? I.e change my citizenship on my brokerage to B, and then have another agreement between A and B, so that I can receive country A's lower tax rates?
In summary: I am a dual citizen of country A and country B. Country B has a double tax treaty with USA Country A has a double tax treaty with Country B but not USA. I want to know if I can lower my 30% US foreign tax on incomes received from the US.
Excepturi aut beatae veritatis in porro veritatis est. Pariatur et deserunt aperiam iusto sed sed ea. Soluta voluptatem corrupti consectetur aut pariatur distinctio. Iusto nisi ullam beatae et iste.
Voluptas quia praesentium nemo rem quia sit. Alias at quia et pariatur voluptas non necessitatibus. Dicta dolor velit accusamus. Aliquid et earum dolorum sunt consequuntur. Est consequatur soluta ea sint.
Impedit sequi nisi pariatur in officia dolores. Incidunt amet voluptatem velit eligendi. Quos sit ut cumque quo non. Veniam culpa aut inventore delectus praesentium dicta aut similique.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...