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625 let's talk about tax, baby!

money money money

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How to Invest in the US Stock Market

In order to prevent double taxation, Australia and all these other countries around the world have what's called tax treaties. These define how they're going to treat transactions between the two different countries. For the US as an example, what you have to fill out is called a W8 form. Basically what this means is that when you sell those shares down the track, the US is going to withhold no tax at all. So I've made the decision in my life that I do not hold anything that isn't domiciled in Australia because I just hate paperwork.

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