Best Country for Trading (Tax efficiency)

Discussion in 'Taxes and Accounting' started by ET873, Feb 3, 2010.

  1. dw31583

    dw31583

    @Hittfeld : I don't get it. I'm not a US citizen, I do not have any US sourced income. I don't really care about the US taxation. I do not trade US stocks, no US brokerage account.
     
    #431     Jul 10, 2015
  2. dw31583

    dw31583

    @luisHK : I don't know, this what I want to know also! The company would be in a zero-tax jurisdiction, it would be an LLC. We'll see, I have no idea whether it's going to work or not.

    I've sent emails to the Cantonal tax authorities of Zug plus one local and one global tax advisor. I expected the answers today. I'm not sure if Zug is going to reply btw.
     
    Last edited: Jul 10, 2015
    #432     Jul 10, 2015
  3. dw31583

    dw31583

    I've just received the response. So, long story short, it's not possible. As long as you're trading it's considered as both engaging in a gainful activity which is against the lump-sum taxation rules furthermore it's considered Swiss sourced income thus taxable.

    At least I was correct :(
     
    #433     Jul 10, 2015
  4. luisHK

    luisHK

    What's wrong with investment account in Sweden ? Pleasant country and active traders are allowed (the problem may lay in being forced to use expensive Swedish brokers, which might kill active strategies, but derivatives and overseas products are allowed. Tax is a fixed percental of the capital, it moves along the Swedish interest rates, about 18months ago a Swedish trader mentioned 0.4% of the capital per year)
    There is also no wealth tax, no estate tax and no gift tax. Very large houses in some posh Stockholm neighbouroughs, it seems some serious capitalists have elected domicile there (not sure how many of them are non Scandinavian though)
    Besides Dw, you seem afraid of Nederland taxation, but several traders on this board live there and seem to profit of the 1.25% tax on capital without hassle.
     
    Last edited: Jul 10, 2015
    #434     Jul 10, 2015
  5. dw31583

    dw31583

    @luisHK : First of all let me say thank you for being this helpful, seriously!
    I'd love the 1.25% tax in the Netherlands but another person said on the forum that it will change from the next year.

    My biggest problem is that I'm not willing to trade on my own name. An LLC is fine but it must be a company. Can I pay the same 0.4% in Sweden if I trade under the name of a company?
     
    Last edited: Jul 10, 2015
    #435     Jul 10, 2015
  6. 2017 will bring big changes for the happy few here who make money and want to pay less taxes.
    Open the link below and read what information will be exchanged between the US, Europe, and a few other countries, including some fiscal paradises like Cayman, Curacao, Switzerland, Luxembourg....
    In total more than 120 countries will exchange all information. No place to hide anymore.
    All accounts held by customers at their broker will be exchanged too.

    http://www.lexalert.net/sites/default/files/fatca_be-usa_nl.pdf

    This is the sample from USA and Belgium, but these standard contracts are used with other countries too.
     
    #436     Jul 15, 2015
  7. Hittfeld

    Hittfeld

    Thanks Iam nobody. But this is FATCA only, which gives all the data to US, no additional data to Belgium. The US haven`t setup the infrastrucure required to collect the data. The US is the new place to hide - if you don`t collect dividends, interest and income from entrepreneurial engagements. Just read regulations regarding preexisting or small accounts.

    For the rest of our lovely european countries which love us so much, they want to share all about us:

    http://www.keepeek.com/Digital-Asse...mation-for-tax-matters_9789264216525-en#page1

    But notice: Countries are allowed to decide wether existing accounts, small account etc should be reported. Also they have committed to join this exchange, but not all have decided when!

    Regards

    p.s. Any further info regarding NL?
     
    #437     Jul 15, 2015
  8. Fatca was signed by European countries on condition it would be working in both directions. I have confirmation from a fundmanager in Europe that the US will give ALL financial information to Europe too. Starting from 2017. Europe will start his own Euro Fatca in 2017. There are already countries who have an agreement with the US that the exchange of financial data will be bi-directional. So the US will not be a place to hide anymore I am afraid.

    https://www.kpmg.com/Global/en/Issu...axnewsflash/Documents/eu-dec10-2014-fatca.pdf

    EU - Council approves FATCA-like automatic exchange of information
    December 10, 2014: The EU Council yesterday adopted a directive amending Directive 2011/16/EU on administrative cooperation in the field of taxation—a step towards the adoption of a FATCA-like automatic exchange of information mechanism throughout the European Union.
    Beginning in 2017, information related to fiscal years, measured from 1 January 2016, will be exchanged on an automatic basis between EU Member States, once the agreement is transposed into EU law (after formal adoption of the revised directive by the EU Council).
     
    #438     Jul 15, 2015
  9. dw31583

    dw31583

    #439     Jul 24, 2015
  10. Hittfeld

    Hittfeld

    Well, not really global, not really automatic, different stating times, different minimum conditions, you really believe Greece (and many other countries) will deliver?

    But you are right, they try global automatic supercontrol and abolition of cash.

    Regards

    p.s. Will Donald Trump or any Republican support the idea of collecting and automatic delivery of private data at US bans in favour of foreign goverments?
     
    #440     Aug 3, 2015