Making money from stocks, the tax rate can reach as high as 45%.
For profits made on US Stocks by foreigners, taxes must also be paid, but not to the United States, rather, it's declared according to their place of residence.
For instance, Wanliu Capital, if it profits from US Stocks, must declare it domestically and pay a certain amount of tax.
On the phone, Li Yang gave no face to Wall Street, directly stating that they could easily access backend data and even arbitrarily restrict accounts.
To the US stock market retail investors, it feels like someone is poking their lungs.
They know it better than anyone else!
Wall Street, in collaboration with those company shareholders, has dug countless pits, otherwise, 90% of retail investors in US Stocks wouldn't have been wiped out.
Some stocks in A-shares are trap too, but not to that extent.
If they can wipe out retail investors, it's imaginable what has happened in the past.
