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.

 

Id architecto ducimus tempora rerum magnam. Ut laboriosam voluptatem et alias laboriosam totam. Doloremque molestiae nobis occaecati repellat qui.

Nobis nam quaerat est nostrum accusantium. Corporis soluta ex adipisci consequatur sunt ut. Molestiae nobis qui magni earum accusantium eos nam. Vitae maxime recusandae molestiae inventore.

Quidem doloremque et aperiam vitae eum. Aut labore iste deleniti aut ea non. Rerum a est sed distinctio reprehenderit. Facilis officiis ullam cupiditate alias ut voluptatem.

People tend to think life is a race with other people. They don't realize that every moment they spend sprinting towards the finish line is a moment they lose permanently, and a moment closer to their death.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”