http://thebestforexbrokers.com/344 Mon, 16 Apr 2012 13:02:21 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://thebestforexbrokers.com/344#comment-591 Jennie Sat, 20 Feb 2010 01:48:39 +0000 http://thebestforexbrokers.com/344#comment-591 I think you do..i would open an offshore bank account. I think you do..i would open an offshore bank account.

]]> http://thebestforexbrokers.com/344#comment-590 Elliott Thu, 18 Feb 2010 05:52:09 +0000 http://thebestforexbrokers.com/344#comment-590 If you are a USA citizen and open a private forex account in the UK you will only have to pay tax in the USA the same way you are paying will your USA account. The UK and USA and a double taxation agreement where no individual or company will pay the same type of tax in both countries. However if you open the account under a private company based in UK you will pay tax on the company profits in UK and tax on the dividends in the USA. You should consider both options depending on your tax bracket and the prevailing corporate taxes a private company may work out more cost effective. If you are a USA citizen and open a private forex account in the UK you will only have to pay tax in the USA the same way you are paying will your USA account. The UK and USA and a double taxation agreement where no individual or company will pay the same type of tax in both countries. However if you open the account under a private company based in UK you will pay tax on the company profits in UK and tax on the dividends in the USA. You should consider both options depending on your tax bracket and the prevailing corporate taxes a private company may work out more cost effective.

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