Categories: Capital

U.S. Non-Resident Capital Gains Tax on Forex Trading

Exempting non-residents from capital gains tax on forex earnings is beneficial for both the investor and the economy. It reduces the cost of foreign investment, encourages foreign businesses to set up shop in the country, and promotes cross-border capital flows. Capital gains tax exemption for non-residents also encourages long-term investment, helping to provide much needed capital for businesses and infrastructure. This means more jobs for the people and more tax income for the government. In this manner, the tax regime on forex trading acts as a powerful tool in achieving macroeconomic stability and growth.

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