You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
The new German derivatives trading tax law
- Thread starter anon9812
- Start date
What are the implications for an American trading DAX futures and Bund futures?
Logically the tax should only be for Germans living in Germany.
You should check if there is a double tax treaty between the US and Germany.
Thanks. Last time I traded Dax there wasn't.Logically the tax should only be for Germans living in Germany.
You should check if there is a double tax treaty between the US and Germany.
Thanks. Last time I traded Dax there wasn't.
There is surely a DTT between the US and Germany.
https://taxsummaries.pwc.com/Germany/Individual/Foreign-tax-relief-and-tax-treaties
https://www.germany.info/us-en/service/09-Taxes/taxes-income/913924
I misunderstood what you meant about "double taxation treaty". What I meant to say was last time I traded German futures I only paid American taxes as an American living in the United States.There is surely a DTT between the US and Germany.
https://taxsummaries.pwc.com/Germany/Individual/Foreign-tax-relief-and-tax-treaties
https://www.germany.info/us-en/service/09-Taxes/taxes-income/913924
So as I understand it the tax does not apply to American traders living in America?
I misunderstood what you meant about "double taxation treaty". What I meant to say was last time I traded German futures I only paid American taxes as an American living in the United States.
So as I understand it the tax does not apply to American traders living in America?
Germany cannot tax citizens from another country that don't live in Germany. In fact no country can do that.
Thanks for the clarification.Germany cannot tax citizens from another country that don't live in Germany. In fact no country can do that.
Thanks for the clarification.
Also just the US can tax its citizens even when they don't live in the country. Only the US and Eritrea does that.
Also just the US can tax its citizens even when they don't live in the country.
Exactly. That's part of the "American dream".
I have friends (European nationality) that went for a 1 year job to the US. Their son was born there three months before they went back to Europe. Today that son is almost 18 years and has to go thru procedures to avoid that he will be taxed as an American. He was less than 3 months of his life in the US and lived whole his life in Europe with a European nationality.