Best Country for Trading (Tax efficiency)

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

  1. Humpy

    Humpy

    What about the UK ? Zero tax on trading !!
    Next to nothing tax on non doms too.
     
    #661     Aug 7, 2016
  2. dw31583

    dw31583

    If you mean spread betting then it only works for those who doesn't make much, let's say millions. If you mean the non domiciled status then it doesn't work if you're trading because trading income is not foreign sourced as you're generating the income within the UK.
     
    #662     Aug 7, 2016
    tom2 likes this.
  3. dw31583

    dw31583

    Anyone any idea, what's the case if you move to Malta as a non domiciled but you don't trade from Malta because you spend only the weekend there and you're elsewhere in Europe as a tourist from Mon till Fri?

    I assume that they couldn't tax the income as you were not in Malta but they may say that they want to see whether you've paid taxes in those countries where you traded from?

    Needless to say you should make sure that you don't become a resident in the other countries that you visit as a tourist.

    Opinion?
     
    #663     Aug 9, 2016
  4. marsman

    marsman

    By using a non-transparent proxy many things would be possible...
    Ie. the IP of the proxy would be logged at the broker, not your own IP...
    Place/rent the proxy in a low-tax country... :)
     
    #664     Aug 9, 2016
  5. dw31583

    dw31583

    Yes, it's called VPN, I get it. What do you say to the tax authorities, who is trading with your account since you have not given access to your account to anyone?
     
    #665     Aug 10, 2016
  6. marsman

    marsman

    You trade it, officially out of the low-tax country, as can also be seen from the IP, ie. proof/evidence... :)
     
    #666     Aug 10, 2016
  7. dw31583

    dw31583

    Got it. The problem is Malta is an island so it's quite easy to check whether you have left the island or not. Furthermore from tax point of view isn't this the same as traveling from Mon till Fri within the EU and trading from various EU countries?
     
    #667     Aug 10, 2016
  8. marsman

    marsman

    Then Latvia or Estonia seems to suit better if you are in continental Europe or the Schengen-Zone...
     
    #668     Aug 10, 2016
  9. dw31583

    dw31583

    Why Latvia? Estonia's 0% corporate tax is great but I don't know anything about Latvia.
     
    #669     Aug 10, 2016
  10. marsman

    marsman

    So that you officially trade in the low-tax country, but you can also make travels to your home country etc. without leaving much traces if there are no border controls...

    Research the postings here about Latvia and Estonia; they are IMO very interessting, and some people here have already made experiences. They can help you better as I'm in the same situation like you...
     
    #670     Aug 10, 2016