Monaco ? I think you need to get the resident permit, it's not easy to get it and it costs big bucks. What scenery ? It looks pretty ugly to me . Are you talking about the bare tits on the beach?
you think monaco is ugly? geez, what DO you think is nice?monaco is exquisite IMO, yea its a little more difficult to get teh permit than france, but hey its WELL worth it for the in terms of the taxation etc...IMO anyhow, yea the tits are nice too.....and in terms of trading at home, there is 0% tax...and if u were trading for a prop firm there(i dont know of one) then its a flat rate....also, if you know anything about offshore finance, non of this is really an issue anyhow....plenty of legal ways to pay minimal taxes from MOST places....i would be in monaco just for the sake of being there
A lot of pipe dreams about trading gains qualifying for low capital gain rates. All major EU countries have rules that capital gains are either tax-free or are taxed at low rates. If you dig a bit deeper in the tax codes, you can find out what transactions qualify for this. You have to hold the stuff for something like 6-12 months and you can't do more transactions than 10 or so a year. If you don't meet these criteria, your trading gains are considered as professional income. For a private person this means being added to earned income. If you are a beggar-trader you may fit in the categories tradernut is talking about. If you are a successful trader you will quickly be taxed at premium rates hovering towards marginal 60% of earned income. (Don't fool around by saying that in all fairness you should deduct social security - perhaps true for a beggar, not for a person in the upper tax bracket). I read the post of some time ago about the Italian bonanza of 12.5%. I don't know, but I think this is unlikely. What often happens is people trading and not declaring their gains, especially in 0% dream countries like France, Belgium, ... This is very nice till the tax people jostle you into court. Ever heard or read about these kind of adventures? Switzerland has some interesting tax arrangements for resident foreigners as long as they don't engage in gainful activities. Unfortunately, if you delve in their tax code, "capital gains" from trading as described above is taxed as professional income. The story about Germany moving to a low rate has been posted a couple of times over the last year. Good ole socialist Schroeder going in that direction? Perhaps, but at a very slow pace. When this becomes law, the whole world will move over to Schroeder's trading casino. Tell us about the situation in Germany right now tradernut, not about social-case trading. German tax people can be very vicious. You remember Steffy Graffs' dad? nononsese
You might want to take a much closer look. Most do make a diference between trading stocks or futures. Also between investment and cpeculation. Since everyone is here an expert I shall refrain from saying more. I got my info from my tax acountant. So I would tend to believe him above anything I read here from all you experts. The case of Steffi Graph was something else caused by her father not her.
well ugly was maybe too strong a word but if you are not in a house with a seaview then it's really not great, all these buildings ruin the landscape. Back to the search for trader's paradise: the problem in Europe is that not only will you end up being taxed at the income rate but you will also have to pay hefty contributions to social security.
Start a company in a fiscal paradise and trade in its name on the US markets. The company won't pay any US tax on capital gains.
I keep hearing here on EU this and that and that US is still freer country , well OK http://www.usatoday.com/news/washington/2004-11-07-cia-us_x.htm Why is there now a need for CIA to spy against its own citizen. Also when one talks of EU , everyone here seems to forget that the EU has 25 countries with 25 diferent sets of laws. I brought up what I knew for fact but all you internet experts know beter. So goo dluck. Just 2 small places that one could consider, Ireland tha has a low taxe rate and that if one before moving in plans properly could pay very very low taxes. 2. Another country called Slowakie , yes it is part of EU not Russia, there the maximal taxe rate is 19% yes that is all flat 19% no matter how much money you earn. No mater what business you have. You can always live ther and have a little apartment somewhere else where you spend some holliday. So you can get a hold of a tax accountant from these countries or just believe all the internet experts here present. Last post here Good luck.
Maybe this still could be a pipe dream. People in Europe have been taken to court by their tax administration arguing that their cosy foreign based company is in fact managed from the territory of the EU country! Quick condemnation - penalties included - follows. Ain't that simple. Unless you truly and effectively MOVE to your tax paradise, you will need rather very fancy constructions. Possible but only if your intake is huge. nononsense