Investing

Tax on overseas investment

  • Last Updated:
  • Apr 27th, 2016 3:47 pm
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Mar 2, 2011
458 posts
95 upvotes
Gloucester

Tax on overseas investment

Hey guys, so Ive never posted in this section before and wasn't sure if this is exactly where this goes but here I am.
So Im an investor with lets say X. X lives in another country. I gave him lets say 10K for investment. By the end of the year, hes made 100% profits. Now my total is 20K. He has a 25% cut so 2500 goes to him. Now he says he pays tax on the entire profit in his country, as in he shows a 10k profit and pays tax on it. How does this work? When he sends me 7500 of my profits, I have to pay another tax on it? If yes, how is that tax determined?
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