You mean 1.2% tax on capital, regardless of the profits (or losses ?), right ? In Western Europe long term Financial planning is indeed risky as the tax laws and applications of those laws do change quite a bit
The leader of the biggest "opposition" party, D66, has hinted at the taxation of big profits, made in the stock market, a few times recently. That idea might find support with other parties as well, so far it gets not much attention.The presumed gains on capital of 4% have been subject of discussion for longer as many savers don't make that kind of rate on their money nowadays. In the coming elections in 2017 a major tax reform is one of the top issues. My expectation is that within 5-10 years this arrangement will undergo a change. In a country like Holland you can't expect a favourable treatment like this to continue forever.
Today the Dutch government has announced that they will present a reform of the capital gains tax this autumn. http://www.telegraaf.nl/feed/krant/krant_binnenland/23946140/__Spaartaks_op_de_schop__.html
Does anyone know how is short-term derivatives trading taxed nowadays in Andorra? Is it income or capital gains?
Nothing specific has been published yet. The goal of the reform is to accomodate the large number of savers, that don't make 4% interest on their capital. To compensate for that, they will have to increase rates for those that make higher returns. I will post in this thread as soon as info becomes available.
You can't as it would be out of date by the times it comes from the print shop. This is why there are advisors around but that's not cheap.