If a U.S. stock account is opened by a Chinese citizen, the capital gains from investment are not tax-deductible, and the same is true in other places; only cash dividends or interest profits are subject to a 10% tax deduction, but Hong Kong and Taiwan residents are subject to a 30% tax deduction.

of taxes.

This is a unified regulation of the IRS and will not change if you change a broker, unless that broker is irregular.

Generally, U.S. citizens or residents are subject to tax on capital gains when buying and selling stocks or mutual funds. Among them, long-term capital gains with a holding period of more than 18 months have a tax rate of 10% to 10%.

20. Short-term capital gains with a holding period of less than 18 months are regarded as ordinary income and are subject to income tax rates; however, when foreigners invest in stocks or mutual funds

, both long-term and short-term capital gains are tax-free.

Dividends received by foreigners investing in stocks or mutual funds are generally withheld at a maximum rate of 30%. For example, as mentioned above, the younger brother of a Chinese named Gu who lives in Taiwan invests in U.S. stocks or mutual funds.

Fund dividends, if the foreigner's country has signed a tax treaty with the United States, will be withheld according to the preferential tax rate in the tax treaty. For example, China is 10%, Canada, Japan, South Korea, Indonesia, Mexico, Australia,

The UK and Germany are both 15%.