The customerâs relationship in respect of interest received is with IBLLC. IBLLC holds all client assets and client money and client money (on which interest is generated) from inception of the client relationship i.e. it is not even transmitted via Interactive Brokers (UK) Limited in any way.
Can anyone confirm this? I've been looking all around the web but it's hard to find any specific recent information about it. Because I've read on some sites that the United States was undecided on the issue of exchanging information regarding European investors to their respective tax authorities. Anyone knows the lowdown?
it totally sucks. i read in the newspaper that even the swiss have agreed to grass on folks with accounts there. how very un swiss
Do you need to set up an offshore hedge fund, then an account with IB, so that you only pay tax on income you take out of the account?
Are there any differences between the way an account at IB llc and an account at IB UK is protected and regulated ? I am especially thinking about SIPC protection and potential future FSA rulings restricting some customers trading . I hate to think the firm I am with would be regulated by a British regulatory body and that applicable laws would be british.
Hello ? Has anyone taken a serious look at both customers agreements and noticed differences that may be cause for concern I don't think I want to do it myself .... last time I looked at their CA it was 30 pages long
well...i am tradin' trough ib uk but i pay taxes in italy since that's where i reside...so i'd like to hear more about it myself.
I have been trading US markets while residing in Hong kong,Singapore,India etc Singapore/HK no tax on capital gains. India -a lot. But I will be curious whether IB or any us broker/IRS does send info to the home country tax man?(address on record at the brokerage a/c) I follow a strict pay taxes in the residing country only on local property/banking/other transaction with respective local country tax id. Need to know basis when it comes to affairs outside the borders.dont report!! US transactions never reported. citizens/permanent residents of europe/australia/usa can not take this approach I guess. I dont mind us broker deducting a flat tax on dividends/interest. we are trading for trading gains. I would like more inputs on this matter from Aliens(non us citizens/residents) trading US capital markets thro us broker)