Successful traders: why don't you move to a 0% capital gains tax country?

Discussion in 'Taxes and Accounting' started by pgo1970, May 17, 2014.

  1. Do you need help in moving to Nigeria?
     
    #41     May 25, 2014
  2. deep sigh.....(that this needs explanation).............countries where women have no rights and are treated as chattel.....




    and to grandlux :p
     
    #42     May 25, 2014
  3. didn't go through this whole thread………but anyone who's willing to move to puerto rico can trade tax-free while maintaining their US citizenship.
     
    #43     May 30, 2014
  4. d08

    d08

    Psychologically, I'm sure they are. I'm single so I wouldn't know. But they're an obligation since they need health care, education, attention which all take time and at the wrong time are a distraction.

    Regarding Visas, you're right. Thailand is doing this as of now, making it very hard for the "global citizen" types to stay in the country. But the option of moving every 6 months or so is still very realistic and won't disappear.
     
    #44     May 30, 2014
  5. bone

    bone

    :D
     
    #45     May 30, 2014
  6. londonkid

    londonkid

    well said and of course once a certain level of wealth is attained the accounting can get quite creative.
     
    #46     May 30, 2014
  7. dealmaker

    dealmaker

    Actually for traders its easier eg a trader whose handle escapes me from Elitetrader got visa to stay in France ( American non EU citizen) by only showing $20k in a trading account....
     
    #47     May 30, 2014
  8. mamma

    mamma

    Nigeria, Croatia... Thailand.... shmigeria... bribes.. electricity & internet problems..... bad roads... wtf are you discussing if you have Canada as NUMBER 2 on that list??
     
    #48     May 30, 2014
  9. luisHK

    luisHK

    I didn't reread the thread and you are right that visas situation change and make moving overseas somehow unpredictable, but in a previous post I meant the corporate set ups in high tax countries to pay less taxes are not only costly but also unpredictable and subject to change with little notice (sometimes even with retroactivity ! )
     
    #49     May 31, 2014
  10. dealmaker

    dealmaker

    Cyprus is a banana republic, recently dipped into private bank accounts to bail out the country including that of non citizens. Thailand, military just came back into power and language is impossibly difficult. Costa Rica is good for a visit but do you seriously want to live in a third world country, have you seen the infrastructure there? In Monaco and Switzerland what you save on taxes you will spend on cost of living. Croatia has weak economy ( not diversified), they were exterminating each other in that part of the world not too long ago and the language is impossibly difficult.
     
    #50     May 31, 2014