Hi,
I have to agree with Joe on this one. You would be required to report it where you reside. I've never heard of any of our traders having their gains taxed twice. Even then, please still consult a tax advisor. We have clients from over 200 countries so we can't know the intricacies of every countries' tax code.
FXCM UK doesn't report any account information to any tax agencies. It has the same policy as FXCM US, no witholding or reporting to any tax agencies.
FXCM UK is a separate entity from FXCM US. You can find the business registration name of each entity in each country on our website
here. The way it works is that there is a separate entity registered in each country that we have an office or presence in. And FXCM Holdings LLC is the parent company that owns all of the FXCM entities.
Quote:
Originally Posted by cockeyedcowboy
Joe
You dont know the US.
Jason Rogers
My question is, does one pay gain taxes in the UK, only to pay them again in the US. How also, does FXCM UK report tax liability to the US or is one on his own to report gains to their own country? Does FXCM UK, because they have a US office, report and or collect US taxes from US people. Is FXCM UK, seperate from its US company? How is the two actually tied together?
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