Quote from amdtrader:
Does that 'no capital gains tax' apply to trades done in US markets? Thanks.
HK does not collect capital gain tax no matter where the profit comes from. I've filled out a W form (I think W-8) when I open my IB account and that basically says I'm a non US resident and thus not subjected to US taxation. So because I'm not subjected to US tax and HK does not have capital gain tax so I pay no tax for trading profits.
However many countries collect worldwide tax no matter where you live so it really depends on your citizenship and your country's tax code.