i want to send money to someone in germany for investment. when the person sells, the person will keep 10% of the profit and sends the rest back.
is this legal? what are the tax implications for me and the german resident?
@super dave , as long as the activity is legal ( i.e. both in the USA and in Germany ), this is perfectly legal. Just note that the net income/ profit is taxable income in the USA and if Germany taxes the income also then you should be able to claim foreign tax credit or deduction.
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