German derivatives traders shocked by new tax law

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

  1. DevBru

    DevBru

    I know 2 traders in Belgium, no idea for the rest.

    One located his business in Bulgaria, however i don't know the exact construction and the other one lives close to the border of the Netherlands and he started a business in the Netherlands to trade from.

    Edit: those 2 trades trade stock only.
     
    #51     Jan 21, 2020
    murray t turtle likes this.
  2. DevBru

    DevBru

    I should add, this only applies for stock trading, as far as i know.
    The only way to avoid this is keeping your stock for over 6 months.

    Belgium also has a tax on stock transactions, so you have to pay 0,35% of the total purchase price. If you buy stock for €10,000 you have to pay €35 when you buy the stock, but also when you sell the stock. So if you sell the stock for the same price you paid €70 in total.
     
    Last edited: Jan 21, 2020
    #52     Jan 21, 2020
  3. Pekelo

    Pekelo

    Maybe having an e-residency in Estonia would also work. They would have to pay taxes in Estonia, if I understand that correctly.

    https://e-resident.gov.ee
     
    #53     Jan 21, 2020
  4. DevBru

    DevBru

    I don't think this wil work for most EU residents because of this:

    "However, some countries have different rules for deciding if a company is tax resident. It is common that in addition to the place of incorporation, the place of effective management triggers tax residence. If you run your company from a country with such rules, then the company might end up having dual tax residence – this happens when two states believe that the company is tax resident in their jurisdiction and will want to tax the company’s profits.

    In case business activities of this company are carried out elsewhere or the company is managed from outside of Estonia, the income received in a foreign state will be taxed in this foreign state and Estonia will ensure avoidance of double taxation."
     
    #54     Jan 21, 2020
    tomtr27 likes this.
  5. tommo

    tommo

    Is this for German nationals trading German products? Or is it also for German’s trading non German products, such as CME etc?

    If just German products then obviously just trade others. But if it’s for all international markets that’s effectively like a tariff on American inflows. It will impact volumes at non German exchanges. Probably not a huge amount mind as I doubt German retail trades make up large volumes. But still, it’s a gov in one country impacting profits of non German exchanges. Can’t imagine that will not be brought up during international trade meetings if it lead to sizeable losses in revenue.
     
    #55     Jan 25, 2020
    tomtr27 likes this.
  6. tomtr27

    tomtr27 Guest

    [QUOTE = "tommo, post: 5000756, member: 35953"] Ist dies für deutsche Staatsangehörige, die mit deutschen Produkten handeln? Oder ist es auch für den deutschen Handel nicht deutscher Produkte wie CME etc?

    Wenn es nur deutsche Produkte sind, dann handeln Sie offensichtlich nur mit anderen. Aber wenn es für alle internationalen Märkte gilt, ist das praktisch wie ein Zoll auf amerikanische Zuflüsse. Dies wird sich auf das Volumen an nicht deutschen Börsen auswirken. Da ich bezweifle, dass der deutsche Einzelhandel ein großes Volumen ausmacht, ist das wahrscheinlich nicht so schlimm. Dennoch ist es eine Regierung in einem Land, die die Gewinne nicht deutscher Börsen beeinflusst. Ich kann mir nicht vorstellen, dass dies bei internationalen Handelstreffen nicht zur Sprache kommt, wenn es zu erheblichen Einnahmeverlusten kommt. [/ QUOTE]


    Für deutsche bzw demnächst EU weit, alle Börsen und OTC !!!!!!!!!!!!!!!!!!
     
    #56     Jan 25, 2020
  7. DevBru

    DevBru

    Please stick to English. Probably not many German speakers here
     
    #57     Jan 25, 2020
  8. tomtr27

    tomtr27 Guest

    Can’t speak English with google translator

    For German or the next EU wide, all exchanges and OTC !!!!!!!!!!!!!!!!!!
     
    #58     Jan 25, 2020
  9. tommo

    tommo

    Sorry, am still confused. Are you saying all EU exchanges. Or US exchanges too?
     
    #59     Jan 25, 2020
  10. DevBru

    DevBru

    Not sure for Germany but the rule in Belgium is for all exchange traded stocks, worldwide.
     
    #60     Jan 25, 2020