Chinese online brokerages respond to rumors of taxation on U.S. stock trading
2024-06-18 08:36:56

Asia Tech Wire (June 18) -- Futu, Tiger and Snowball, three major online brokerages in China, have responded to rumors of taxation on U.S. stock trading.

Recently, there have been market rumors that "trading U.S. stocks will start to be taxed this year, or at the latest next year," and "Futu is on the first batch of the list."

In this regard, the customer service representatives of the three brokerage firms told Chinese media outlet The Paper on Tuesday that they "have not received the relevant notice for the time being."

The Tiger Brokers representative said that non-U.S. residents, non-U.S. taxpayers are exempt from capital gains tax.

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