Posted Friday, February 05, 2010 6:14 AM In Iran, Inflation Could Threaten Regime Babak Dehghanpisheh Iranian President Mahmoud Ahmadinejad continues to face protests at home and the possibility of international sanctions abroad, but the biggest threat to his rule is something more banal: inflation. Iran's official inflation rate has now reached 13.5 percent, but the actual rate could be twice as high. And it looks likely to get worse. Come spring, the government plans to stop subsidizing basic goods and will instead give cash directly to poor families. That plan, as well as Ahmadinejad's push to give out more loans, will expand the cash supply and likely drive inflation higher still. Efforts to combat rising prices have so far failed.
This may be a dumb question but: When it is said that a country has no capital gains taxes - like Hong Kong, how does that work with trading (short-term cap gains)? For example the U.S. has a 0-15% capital gains tax (depending on tax bracket), but short-term cap gains are taxed at regular income (which is the number that matters for most us).
Another option is Pakistan. It is a pretty safe country except for some areas bordering Afghanistan. Tax rate is 30% on income but tax system is one of the most inefficient in the world which means you dont need to report your income. You can freely openly bank accounts and all major international banks have large presence here (RBS/Citibank/HSBC/Standard Chartered Bank/Barclays) not to mention local banks which are quite big. In $3000 per month, you can have a 2000 Sq. Yards house in main locality and live like a king with a driver, 2 guards and 2 servants for the house. Another $4000 per month and you can be driving cars like Mercedes S-class, BMW 7 series, Lexus etc Internet connections are decent with 4MBPS costing $50/month which is more than enough for scalping. The best stuff You can trade all markets Asian markets open at 7:00am European markets open at 2:00pm US markets start at 7:00pm Nothing can beat this! Bank accounts offer interest upto 12% per annum (profit paid monthly!!!). KSE which is a local stock exchange has been one of the worlds best performing stock exchanges in the last decade
when you are a daytrader /swingtrader you are qualified in Switzerland as professional trader and you pay cap gain tax!! in Netherlands you pay 30% tax on a presumed capital gain of 4% of your capital: = 1,2% tax of your CAPITAL (not gains) be careful what you say, if you dont know exactly what you are speaking about.... (dont know nothing about Jamaika and the other countrys) TAX free countrys living there: Monaco, Andorra, Bahamas and other caribic islands, Dubai and other arabic countrys special tax status in: UK, Malta, Switzerland (not much to pay )
I used to subscribe to them back in 01-02. They recommended Buenos Aries big time. Same time they were in utter chaos. They promote as heavy as Tump does IMO. Little objectivity.
You can`t open an account anywhere without showing your passport. Once a bank/broker will see your US-passports they either will refuse to open an account for you (try to open an CFD-trading account!!!), or you will be classed as an "notify the irs - account", no joking, even in switzerland. Maybe you try it in Russia or IRAN. Regards Hittfeld
The cleanest solution seems to be to move to a low tax destination and become a resident. But presumably if you're using the local internet connection that would be deemed as "carrying on a business within the country"so presumably that rules out Panama and Costa Rica which only tax you on "locally derived income"?? Which is a shame because I believe the internet over there is quite reliable and nice climate etc. Does anyone trade out of Panama / Costa Rica and is willing to share their experience?