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So are you saying that in the case of say, Germany -- which has 0% capital gains according to that IRS doc -- if a W8 form is not submitted there will be no withholding? Because why are most countries listed as 0% and few such as Australia and the UK listed as 30%?

I just got of the phone with IB, and they are not withholding any of my capital gains. But there still is the disparity with that tax document I linked above that lists Australia as 30% Capital Gains taxed. So I still don't understand what that 30% is implying...

UPDATE: I found the IRS web page that lists the Capital Gains tax for various countries: http://www.irs.gov/publications/p901/46849901.html http://www.irs.gov/publications/p901/46849902.html As you can see, several countries have capital gains tax rates of greater than 0, the UK...

I searched the forums and read that if you have filed a W8-BEN form you are exempt from capital gains taxes in the US. Some of those posters were Australians who stated that they pay no withholding tax for capital gains in the US. But I did a bit research and found this Tax Treaty document...