Disclaimer

English edition published 2026-07-05. In case of any discrepancy, the Chinese version prevails.

1. Nature of content

All content on this website (TaxCode x US Stocks x AI) is educational material and personal opinion. It does not constitute investment advice, professional tax advice, or legal advice in any form.

Stocks, ETFs, financial analyses, tax structures, and valuation figures mentioned are for illustration only and are not recommendations to buy or sell any security. Investing involves risk; past performance does not guarantee future results. Consult your qualified financial advisor, tax professional, or attorney before making any investment decision, tax plan, or legal arrangement.

2. Tax analysis disclaimer

Tax analysis on this site is based on laws, tax authority announcements, OECD guidance, and company filings publicly available as of the date noted in each article. Tax law changes continuously; the treatment of a specific situation depends on personal circumstances, jurisdiction, and timing.

Nothing on this site constitutes a tax opinion, including a tax opinion within the meaning of IRS Circular 230. For your own or your company's situation, always consult a qualified tax professional (CPA, Enrolled Agent, or tax attorney).

3. Position disclosure

The author may hold positions in securities discussed. Analytical frameworks shared here reflect personal experience; readers should not make investment decisions based solely on this site. The author and this site accept no liability for losses arising from the use of this content.

4. 13F and institutional holdings data

13F filings carry up to a 45-day delay; institutional holdings discussed here may differ from current positions. 13F discloses long positions only, excluding short positions, options, and other derivatives; a manager's actual strategy may differ materially from what is disclosed.

5. AI tool disclosure

Parts of this site's research and drafting process use AI assistance. All views, conclusions, and final text are reviewed by the author and fact-checked against multiple sources before publication. Responsibility for the content rests with the author.

6. Independence

All views expressed are the author's own and do not represent the position of any organization the author has worked for.