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Dear all, I am a german national, living in Vietnam. Some

Customer Question
Dear all, I am a...
Dear all,

I am a german national, living in Vietnam.
Some of my stocks I am holding will be sold by Mergers International to a potential buyer.
They made a firm offer for the shares but requested me to pay Capital gains Tax up front.

Question is, do I have to pay as the seller Capital Gains Tax on Frankfurt traded shares which are aquired by a US based company?

WQould appreciate your advise.

Thanks and best regards,

G. Michael Bischof
Submitted: 6 years ago.Category: Business Law
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12/2/2011
Business Lawyer: Law Educator, Esq., Attorney replied 6 years ago
Law Educator, Esq.
Category: Business Law
Satisfied Customers: 121,086
Experience: All corporate law, including non-profits and charitable fraternal organizations.
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If you are not living in the US, then you do not have to pay US Capital Gains taxes on the sale of these shares and even if you did have to pay the taxes, they are not due up front upon your sale they are due at the end of the year. Thus, it sounds like this company is trying to scam you for some money and may not even be legitimately trading your shares.


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Law Educator, Esq.
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Customer reply replied 6 years ago
Thanks for the advise.

Have another follow up question in this case.

I paid in February 2011 Peter Hamilton Law Firm & Consultancy an amount of EURO 26,160.00 for legal Fees, Research Fees and mainly a 4% Surety Bond of EU 20,160.00 (0.08% Interest) as well a Retainer Balance of EU 5,096.00, upon the advise of TCM Financial, the company which contacted me firstly in regards XXXXX XXXXX sale of the Terra Med Alliance , Inc shares.

I meanwhile cancelled this agreement with TCM due to none performance and advised Peter Hamilton Law Firm to return the Fees minus any expenses to my account on or around June 2011. Unfortunately, I have not have heard from then since.

Question: What could I do to retrieve the amount of EU 26,160.00 from Peter Hamilton Law Firm ? Would appreciate your advise.

Thank you and best regards,

G. Michael Bischof
This dates back to May 2011Unfortunatel
Business Lawyer: Law Educator, Esq., Attorney replied 6 years ago
If you had a signed agreement with them, then this would be a breach of contract claim and you would have to sue the firm where they are located to recover the money they have taken to you for their failure to preform the duties the promised under the contract.
Law Educator, Esq.
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