Are taxes eating up your profits too?

Discussion in 'Forex' started by rubinageniro, Mar 23, 2021.

  1. Yes I’ve stayed in London a couple of times and absolutely love the vibe there, I’m a fan, but for me that’s what it would stay, one of the places I go to escape
     
    #41     Mar 30, 2021
  2. And if I am employed in a local company? I can’t write off a lot of stuff as non-taxable expenditure, can I!?
     
    #42     Mar 30, 2021
  3. Consider finding an off-shore broker (wisely) to be able to make the most from the tax benefits. There are brokers that also offer low to almost no tax environment.
     
    #43     Mar 30, 2021
  4. Bugsy

    Bugsy

    If it was purchased or used in the course of your business you can. Being employed while simultaneously running a business is irrelevant. The 2 are are mutually exclusive in accordance with your business.
     
    #44     Mar 30, 2021
  5. tomorton

    tomorton

    London's a brilliant place to holiday in. Not so good to live there. The UK outside London is a whole different country.
     
    #45     Mar 30, 2021
  6. Yeah I’ve heard that these offshore brokerages operate in a financial landscape that follows very minimal financial requirements. For traders like us, it gives us an opportunity to operate flexibly while reducing the corporate expenses.
     
    #46     Mar 30, 2021
  7. Which offshore broker according to you is a wise choice?
     
    #47     Mar 30, 2021
  8. I believe there’s been a massive surge in forex trading especially in 2020 and with that began the search for finding the most well-suited off-shore structure. Luckily I found mine with etoto and pepperstone.
     
    #48     Mar 31, 2021
  9. No wonder US traders are looking for offshore brokers. I mean how much do you expect to earn with all those restrictions? Better trading terms and conditions in the European market works well for almost everyone.
     
    #49     Mar 31, 2021
    tomorton likes this.
  10. I’m waiting to explore a whole lot of places and in fact the whole thought of earning some extra dough through trading was to help me with my travel dreams, but thanks to this pandemic, that’s come to a halt :(
     
    #50     Apr 2, 2021