Taxes on Hong Kong futures

Originally posted by Runningbear
Htrader,

This may not be a smart option, but I know people who have set up bank accounts in hong kong and transfer money in and out of those accounts without paying HK tax. They are not americans though, and I think for tax purposes they are nomadic.

Im not sure how this would apply to your situation, but worth investigation if you wsh to keep trading the market there without paying tax.

Runningbear
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Nomadic; now that is an interesting concept ...
 
Since HK doesn't have a capital gains tax it is a moot point. If you are a US citizen the law says you must declare your income. The US is clamping down - as of last year the HK banks are even obliged to send your interest income to the IRS.
 
Originally posted by def
Since HK doesn't have a capital gains tax it is a moot point. If you are a US citizen the law says you must declare your income. The US is clamping down - as of last year the HK banks are even obliged to send your interest income to the IRS.
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Only in America ...
 
Intraday vol the past two weeks has been dampened due to the last issuance of the tracker fund. (the release of the shares the gov't bought during intervention and are packaging as an ETF). The vols get dampened as it is an easy arb (sell the futures and buy the tracker at a discount). The tracker has been fully tapped as of yesterday.

So you want intraday vol?

yesterdays range: 230 points (2 1/2 %).

so far today: about 100 points but we've been up and down like a new brides panties. Maybe, things look like their getting back to normal.
 
Try charting with FsXtra.com - Very precise by the tick.
the best part is that they give you a 14 days trial, with no questions asked.

They have the World's market covered - including commodities.
 
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