ok How 'bout this question: any1 know of a broker in Japan or Hong Kong that will let me open an account and trade their markets (futures) from another Asian country. Who are the top brokers in Japan and HK?
You can refco and Man Financial branches at several Asian cities: www.manfinancial.com.sg www.refcoasia.com
check this link which might help you also: http://www.elitetrader.com/vb/showthread.php?s=&threadid=23642
US citizens, unlike most of the rest of the civilized world, are taxed on global income. However, the first 80K* is tax free. * the deductable figure has changed recently and I might be off by a couple of K
The ~80K must be in the form of salary or wages. Capital gains are not eligible for the exemption. Thus, an American expat must use an entity to convert their capital gains to wages.
So you register as a business and pay yourself 80k. You don't pay taxes on 80k but you pay company tax on the profit the business makes? Maybe you pay your wife another 80k to trade half of your capital - you call the trades. Does she pay taxes on her 80k? If not, that's 160k tax free.