Even though I found a broker willing to open the account, I discovered a fatal flaw in the idea of holding the account in the US: BEAT.
https://taxfoundation.org/taxedu/glossary/base-erosion-anti-abuse-tax-beat/
By imposing a 10% tax on profits before deductions for payments to related parties, it is not actually possible to extract all the profits at a favorable rate.
The same scheme may still be possible using another country other than the US to hold the brokerage account.
To be continued...
https://taxfoundation.org/taxedu/glossary/base-erosion-anti-abuse-tax-beat/
By imposing a 10% tax on profits before deductions for payments to related parties, it is not actually possible to extract all the profits at a favorable rate.
The same scheme may still be possible using another country other than the US to hold the brokerage account.
To be continued...