Post #12705 by Paul on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)

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Good info!

I did some research about investing in Australia.

Based on my research, US Citizens cannot buy ETF in any other country exchanges.
Also many of the non US based brockrages are not willing to open an account because they will be forced to
provide 1099 to IRS.

Here is the link has useful info about investing in Australia for US Citizens.
https://www.reddit.com/r/ExpatFinance/comments/oli...

Summary:
you don't invest in PFICs (so don't invest in any Australian ETFs - as long as you are US citizen!)
you could consider an Australian based IBKR Proaccount (as you don't want a US account).
you need to declare it under FATCA

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