check your facts... I know you can probably get away with a lot, but... If the tax authorities consider your returns from trading as income, it will be taxed. When do they see it as income (= business). This is discretionary, but depends on how much time and effort (trades, research, investments) it takes to generate your income... Btw, I moved to Gibraltar
Can you name one single case of an individual not engaged in market-making that has been taxed? For trading to qualify as a business the tax authorities need to prove the income was foreseeable positive. Hard to prove given the market efficiency and trading being a zero sum.
what about Dubai? It's completely tax free.... and there are some prop trading firms opening soon there...
Well....there ofcourse will always be some tension between what they consider foreseeable positive and also what is and what is not a business. I do not think anyone has lost this battle so far. Also, I don't trade that much measured in transactions. I think, in the end, there are not that many people in Holland actually making a decent living trading from their homes, to be bothered by Dutch tax authorities. Sure hope I will not be the first that gets picked by Tax authorities.
And the weather is nice too. That is if you enjoy 113 degrees and 98% humidity. I can't even imagine how hot that is. Yesterday in Jersey it was 57 degrees.