Recent content by redvern

what? I've written before; US brokerage firms do not report to other countries. But foreign banks inform US government about US citizen's accounts. what part of this you don't agree?

One thing to correct on my previous post, when I've stated "But if IRS tells them this person have this much tax to pay" The tax I mention here is the one I have to pay to IRS. So if they know this then they can say pay us too :) yes my country isn't in the list but US forced them to sign...

btw thank you for your answers. let me elaborate; I've stated I live in a 3rd world country because the direct tax collection(income, capital gains,etc.) here sucks so most tax is collected indirectly via consumption taxes like VAT. Almost everyone shows their gains and income of their business...

yes but this is not the answer to my question. Even if the local tax authority learns that I have an account at a US based brokerage firm (I highly doubt it), how will they know the amount of capital taxes I should pay back home? As I've said I do not need to declare that amount to the IRS as...

I know this is an old post but I have a more technical question. I've asked my US brokerage firm if they share anything with foreign tax authorities and they've said no. They only share info with the IRS. So the only way my home country(a 3rd world shithole) can know about my account is through...