This will impact your investing strategy…
April 27 (King World News) – Peter Boockvar: To the debate and ultimate fate of where the capital gains tax goes in the US, here are the individual rates overseas, according to PWC, which need to be compared to not just the US federal rate but also what the individual states charge…
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Denmark would be the only country that would have a higher rate than the US if the capital gains rate goes to 43.8% and then after adding in the state rate.
Australia: half of long term gain is excluded from the tax the other half is at individual income rate.
Canada: half of long term gain is excluded from the tax, the other half is at individual income rate.
Columbia: for assets held 2 yrs+, zero. Under 2 yrs at individual income rate.
Democratic Republic of Congo: zero
Denmark: Individual income rate, up to 52%.
Hong Kong: zero
Mexico: Individual income rate which goes up to 35%.
New Zealand: zero
Norway: Individual income rate which goes up to 46%.
South Africa: 18%
Taiwan: individual income rate, up to 40%
Turkey: individual income rate, up to 35%
Ukraine: individual income rate, up to 18%
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