Do I have to pay taxes on a difference in currency exchange rate? Let’s say I bought euros and in a year from


Posted November 1st, 2009 by admin 2 Comments »
Currency Exchange
Zabava asked:


now euros would go up vs. dollar; do I pay taxes on a difference in exchange rate?

If I am based in the US, but open a Forex account in the UK do I have to pay UK taxes?


Posted August 2nd, 2009 by admin 2 Comments »
forex
jrwax2 asked:


I’m based in the US and already have an US based FX account. Due to silly NFA rules and regulations I am thinking about opening a UK Forex account but am worried about potential taxes I would have to pay. Do I have to pay US and UK taxes if I have a UK based account and live in the US. I will not be spread betting.

normally how much do forex traders pay in taxes?


Posted February 4th, 2009 by admin 1 Comment »
forex
none g asked:


i know every one pays a different amount of capital gains tax. i know that in the U.S. traders usually pay between 20-30% of of their profits. what about forex traders?