https://www.bloomberg.com/news/arti...-epstein-guide-to-cutting-your-tax-bill-by-90 The Jeffrey Epstein Guide to Cutting Your Tax Bill by 90%
I live in Singapore and trade US futures. No capital gain tax. Low Income tax. Domestic bank transfers within 5 seconds (for IB Margin call). Very fast internet everywhere. Big city.
Singapore is a great place to live. But this doesn't work for me. If you are from the US, you are required to pay US taxes on income and capital gain.
I guess every American living overseas and earning more than 102k per year have the same problem. Unless you do like the Facebook cofounder: https://www.forbes.com/sites/naazne...comes-singapores-richest-person/#3e13247a6a8e
Re: Malta I'm curious whether capital gains remitted to Malta would be classified as ordinary income (taxed) or remain as capital gains (not taxed) when it comes to non-dom residents. Anyone care to elaborate? This is somewhat confusing for me: A person who is resident but not domiciled in Malta is taxable on all chargeable income arising outside Malta to the extent that such income is received in Malta (i.e.: on a remittance basis) and on all chargeable income earned or derived in Malta. All capital gains arising outside of Malta are not taxable in Malta irrespective of whether or not these gains are remitted to Malta. A person who is neither ordinarily resident nor domiciled in Malta is taxable only on income arising in Malta.