I would use structures in countries strong enough to resist western pressure, the way Swiss banks have failed their western customers is scary. This coupled with paying enough taxes in Europe to justify you life standard there could work. China is very strong but moving money there i not very easy plus I wonder what they will concede in exchange of western countries allowing extraditions of chinese fugitives back to China, which is a hot topic at the moment (the recent sign from Italy is China won't concede much in return ) Taiwan has been considered for a long time a safe place, where big asian money moves rather than through Hong Kong. Oil rich countries and Russia seem pretty strong to, although I have no idea about banking habits in Russia.
@luisHK : Then please check this and please try convince me. I really want to believe you, not kidding. http://www.oecd.org/ctp/exchange-of...unt-information-common-reporting-standard.pdf https://www.kpmg.com/Global/en/Issu...x/Documents/the-common-reporting-standard.pdf
Remember all the stuff the countries agreed about polution and global warming, the Kyoto protocols of the world? Its one thing for them to agree on something in a meeting in some cool city. Its another to actually implement things that will hurt their employment. But even if they did, there are plenty of legal solutions to decrease one's tax burden that its not actually necessary to hide anything
@Daal : Yeah but it will be automatic As a trader I don't find to many options to reduce my tax burden.
I started to check your links, pretty long and concern only western countries. If UAE Taiwan or China (or Russia ) are concerned please point me to the relevant info. You can google TIEA and bank secrecy regarding those countries. Definetely google "china bank us copyright infrigement " etc... http://www.oecd.org/ctp/exchange-of-tax-information/taxinformationexchangeagreementstieas.htm also Fatca is a mess of its own, life is more difficult for us citizens, so far EU has not demonstrated the same strenght, and countries weaker than Germany or France have demonstrated even less
If you move to Panama, how could your tax rate not go down? I know, you talked to some ahole from KPMG who said this and that, but I'm pretty sure I can just as easily get a local laywer who will say you won't pay the tax
My knowledge at present: There a 2 setups collecting international account data: Fatca (US) and the OECD /EU started one. Fatca: The US will get every data from everywhere --- but they won`t share trading data (aside from interest, dividends .....) And they are not equipped to do so. OECD / EU : Some countries are obliged to follow the rules in a strict manner (EU countries plus CH, FL etc). Others signed up for a later start or signed up without a fixed starting date. And read carefully the rules concerning pre-existing accounts and minimum threshold levels. `nough said. All the best -- but don`t forget: The taxman ain`t stupid and ain`t lazy (at least in most countries worth living at): If they got you on their screen you`ll have a hard time. So either go to a country with low taxes REGARDING your trading style (in my case NL) or go to a country with low tax moral (High in theory but low in collection). A place of living (if you don`t care about friends and family or mother tongue) is defined by climate, healthcare, security and taxes. Taxes are only part of the game.
Not meaning to go off topic, BUT wouldn't it be a hoot if/when GRexit occurs, a sovereign Greece turns itself into the next Caymans!? Cayman Islands begin reporting ala FATCA later this year... a lot of money (aka investment) will/would embrace a properly run alternative. Sorry for the intrusion, Carry On