Best Country for Trading (Tax efficiency)

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

  1. The short answer is you can have a wonderful run provided you stay under the radar. Nobody is going to monitor your internet usage on particular sites and ask why you spend so much time on broker's sites; well, North Korea might, but I'm not sure you could trade from there.

    The detail;

    1) don't live an ostentatious lifestyle.
    2) don't piss off any locals
    3) limit yourself to hookers, if it isn't going to get you arrested, and make sure you pay all that is asked of you. Make sure the guy next door with the fat wife doesn't get upset at the procession of nubile young women making their way to your door.
    4) if you get a local girlfriend, on pain of death, don't piss her off.
    5) limit your inward cash transfers to sundry withdrawals from ATMs.

    If you can manage all the above, you should have a wonderful, carefree lifestyle free of direct taxes pretty much anyplace you go to. Some jurisdictions are difficult, just for being there a long time they ask how you survive. Avoid those places. I can't give you a list, do your own research. Singapore would, but then they wouldn't allow you to simply stay for a long time anyway.
     
    #631     Aug 5, 2016
    tom2 and dw31583 like this.
  2. dw31583

    dw31583

    When I said that I wouldn't stay more than 4 weeks in each country then I meant that. I feel like you assume that I would use my Dubai address to avoid the AEOI. I've a structure for that thing also but at the moment I'm talking about a PT lifestyle and 4 weeks in each countries. There are many beautiful places so it's not a hard thing to do especially with an EU passport.

    For instance 4 weeks in each of these countries: US, UK, Italy, France, Spain, Australia, Canada, Germany, Singapore, Hong Kong, New Zealand, Netherlands and Belgium.

    Most of these are tax aggressive countries but with a 4 weeks stay in a hotel I think I'd be safe. My address would be in Dubai and my rented apartment as well. The problematic thing however is that I already have several bank accounts in many countries both in and outside the EU and I'm not willing to close them so for instance while I'd be in the UK, France or Germany they may see that I have a local bank account (both for my Nevis LLC and a personal one) and I receive income to those accounts. 99% of the time I'm using my US credit cards though so it would be hard to track my spending habits.
     
    #632     Aug 5, 2016
  3. For your purposes, I'd treat the EU as 1 country.

    12 years ago I listened to a retired taxman, in private practice, describe information sharing.

    It can only have increased.

    Good luck.
     
    #633     Aug 5, 2016
    tom2 and dw31583 like this.
  4. dw31583

    dw31583

    You're the first person who said something new to me. Hmm. Interesting. Based on this information being a PT couldn't work with a non-dom status in Malta because even if I'd claim that my trading income is foreign sourced because I've been out of the country while I've been making the money with the questionable trades, I still was in another EU country thus Malta may say that then pay my taxes there and show them the receipt.

    Thank you justrading!
     
    #634     Aug 5, 2016
  5. #635     Aug 6, 2016
  6. Daal

    Daal

    dw31583,

    you are paranoid loon. last year you repeatedly argued that brazilian tax lawyers were somehow wrong (even though you don't know portuguese and never read a brazilian law in your life) that CFC rules existed in brazil for regular folks, hence people with offshore companies would be liable for taxes in the company's gain (which is totally wrong according to several attorneys). now you are thinking that if you trade as a tourist while staying for 1 month in a country, you would be taxed, lol
     
    #636     Aug 6, 2016
  7. dw31583

    dw31583

    And I was totally right about Brazil, lol :D:rolleyes:
     
    #637     Aug 6, 2016
  8. Daal

    Daal

    no you were not. you are and continue to be completely wrong (and paranoid)
     
    #638     Aug 6, 2016
  9. dw31583

    dw31583

    At least you should follow the news but hey, you're right at least about one thing. I'm paranoid.

    Scroll back a few pages and check the conversations. Everyone said that I'm not normal because AEOI won't happen. China won't share information, UAE won't share info, Panama won't share info. I said they will.

    :rolleyes:
     
    Last edited: Aug 6, 2016
    #639     Aug 6, 2016
  10. luisHK

    luisHK

    uh... when did mainland China and UAE local banks started applying automatic information exchange ?

    Must have been the same day Dubai authorities started flogging westerners in public squares for bringing an escort home...
     
    Last edited: Aug 6, 2016
    #640     Aug 6, 2016