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Foxx

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Posts posted by Foxx

  1. 38 minutes ago, Yumthai said:

    Maybe because US stock market has historically (and still) outperformed any other stock market over the long term.

     

    Tosh.  The Australian market has outperformed the US markets over the last 120 years.

    https://www.quantifiedstrategies.com/best-performing-stock-markets-in-the-world/

    I presume you're an American who has American "exceptionalism" banged into their brains since birth.  Just ain't true.

  2. 6 minutes ago, Digitalbanana said:

    Generally, US estate tax applies to assets physically located in the US, and stocks are considered intangible assets that are not subject to estate tax based solely on the location of the issuing company.

     

    Pretty sure that's wrong.  To quote KPMG

     

    Quote

     

    Non-US persons are subject to US estate tax on the value of their tangible and intangible assets located in the United States ... Intangible assets in this context most often refer to stocks in a United States corporation ... Ownership of these kinds of US assets triggers US estate taxes on the value of these assets, regardless of whether their owner resides in the USA or abroad.

     

    https://kpmg.com/ch/en/insights/taxes/us-citizien-estate-tax-implications-non-us-residents.html#:~:text=Non-US persons are,the USA or abroad.

     

     

    I recently was dealing with a lawyer who specialised in domicile matters and he advised me to avoid stock market investments in both the US and the UK since both these countries impose death taxes upon in situ assets such as equities registered in the respective countries.  The US tax threshold is very low US$ 60,000, and the UK one GBP 325,000.

  3. 15 hours ago, Gaccha said:

    I'm searching for a brokerage for Thai residents that gets access to the widest variety of American ETFs for a non-American & non-Thai, and that can be opened in Thailand. 

     

    I'm left wondering why?

     

    (1) Why opened in Thailand? Did you mean opened from Thailand? If so, then any of the large US brokers which accepts overseas clients would do the job.  My first choice would be Interactive Brokers.  I checked on two of the ETFs on the list, and it has them.

    (2) Why would a non-US person invest in US domiciled assets when they would face death taxes on any amount above US$60,000?

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