So I am from the EU, and do not currently pay taxes as I am still a student. Can anyone please explain to me how the withholding tax works?
If I buy a UK stock for example, and tax is withheld, does this go to the UK government, or to my local government? As if it is the latter case, I should be exempt.
Also, where can I get the withholding tax rates for different countries and industries?
I have looked up on previous posts, but could not exactly find my answer.
Hope someone can help.