Are there any daytraders in countrys with an FTT 0.5% or over?

Discussion in 'Taxes and Accounting' started by Hybr1d88, May 9, 2015.

  1. Sure, sure.... as long as you stay under the radar.

    I live in Germany and I don't pay taxes on my trading. I have a regular job and never told anybody, authorities included, about my financial career.

    Also I spent a year in South East Asia and I could never imagine authorities asking me whether I pay taxes on my trading. They just care for the visa. And taxes from a regular job or a business within their country. But not profits from an "online business company", as is also trading.
     
    #41     May 12, 2015
  2. That's what I mean. If they know about your trading you can have big problems.
    So not really a good solution to go offshore. Fragen Sie mal Uli Hoeness. :(
    Even officially being domiciliated in Monaco is not without risk.
     
    Last edited: May 12, 2015
    #42     May 12, 2015
  3. Alright, I wish you the best of luck for your journey in daytrading!

    On a side note, moving to another country would not effect the FTT, because it will be imposed on all instruments traded in New York, no matter where you have your account.

    Finding markets for daytrading other than futures is hard, as you might know.
    And Dubai's market is dead and probably not suitable for daytrading, as far as I remember.

    But don't worry, FTT will not come and you can continue betting around in the US.
     
    #43     May 12, 2015
  4. Hybr1d88

    Hybr1d88

    Hell yeah man, as said before though...i think it may have been you or someone else in another thread but if there is an ftt tax. I will simply move to whatever country the market moves to. This shouldn't be an issue though.

    Thanks for all the advice guys
     
    #44     May 12, 2015