German derivatives traders shocked by new tax law

Discussion in 'Trading' started by Hittfeld, Jan 19, 2020.

  1. traider

    traider

    what visa did they apply for? It's not easy to gain residence in the USA. Best way I know is either work visa but that requires sponsorship or a business visa
     
    #31     Jan 20, 2020
    murray t turtle likes this.
  2. Snuskpelle

    Snuskpelle

    Holy crap, I'm seriously afraid this shit conjured by someone with their brain turned off will diffuse here to Sweden.

    I don't mind paying taxes. I do mind paying taxes on money that never existed. Losing trades is cost of doing business and achieving winning trades, failing to understand this and then write legislation on it is beyond retarded.

    At least those with 100% win rates won't be impacted... ;-)
     
    Last edited: Jan 20, 2020
    #32     Jan 20, 2020
    Bobiz, Nobert, jl1575 and 3 others like this.
  3. tomtr27

    tomtr27 Guest

    Jahrelange harte Arbeit für nichts !? SierraChart tschüss !!! Ich kann es nicht glauben.....
    Alternativen ? Habe mal gegoogelt soll wohl auf ganz Europa ausgeweitet werden ! Deutsche EU Chefin !!!
    Was machen wir deutschen EU Trader jetzt !????
     
    #33     Jan 20, 2020
  4. maxinger

    maxinger

    rather strange way of tax computation.

    Are they going to expand this way of computation to goods and services providers companies?

    ie
    group all gains
    minus
    group all losses ( but cap at $ xyz)

    then pay tax at whatever rate.
     
    #34     Jan 20, 2020
    gkishot and tomtr27 like this.
  5. One, two, three, four
    One, two (one, two, three, four!)

    Let me tell you how it will be
    There's one for you, nineteen for me
    Cause I'm the taxman
    Yeah, I'm the taxman (yeah, I'm the taxman)

    Should five per cent appear too small?
    Be thankful I don't take it all
    Cause I'm the taxman
    Yeah, I'm the taxman (yeah, I'm the taxman)-- The Beatles
     
    #35     Jan 20, 2020
    murray t turtle likes this.
  6. longshort

    longshort

    The change only seems to apply within the Abgeltungsteuer. But this type of tax can easily be avoided by use of the Günstigerprüfung. Mark the corresponding box in your tax forms and you'll pay either Abgeltungsteuer or your personalized tax rate on all your income, whichever is less. And since the rules for the latter haven't changed, losses from derivatives can then be deducted as before. Also a broker outside Germany won't automatically transfer Abgeltungsteuer, it's your own responsibility to take care of taxes after the year, enabling you to pay the lesser rate.

    serveimage.png

    To avoid that altogether, have a company (anywhere) to trade through as the Abgeltungsteuer only applies to natural persons. Or alternatively, trade as a natural person but move your legal residence outside Germany.
     
    #36     Jan 20, 2020
    Snuskpelle likes this.
  7. newwurldmn

    newwurldmn

    Link? A quick search on google and I couldn't find anything.
     
    #37     Jan 20, 2020
  8. tomtr27

    tomtr27 Guest

  9. tomtr27

    tomtr27 Guest

    [QUOTE = "newwurldmn, post: 4997982, member: 261656"] Link? Eine schnelle Suche auf Google und ich konnte nichts finden. [/ QUOTE]
     
    #39     Jan 20, 2020
  10. Hittfeld

    Hittfeld

    Günstigerprüfung doesn`t help!
     
    #40     Jan 20, 2020