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What is wrong with speculation? I do speculation all the time: shopping, romance, stock market, pension etc. I have even written "speculator" on my business card.

This is typical thinking: because you have wasted your life trading, it must be so for others as well: new rules, regulation and taxes. When we hear "to benefit society", we all know trouble is just around the corner.

Cool, a move to Switzerland :)

There are pros and cons. In total, I rate Latvia a better place for me to be right now. The authorities has a lot less influence here. In Norway they know absolutely everything about me. Quite scary.

Yes, because most Scandinavians "are happy to pay taxes". I'm Scandinavian myself. I think the causuality is different. Honest people pay taxes. In general honesty is more prevalent in Norway then Latvia....

As a resident of Latvia this seems plausible (about Bulgaria). But I'm a trader, work for myself and trade in other countries. I mainly socialize with other expats and local friends of my wife. After 4 years I have no regrets. Yes, corruption is widespread, but where isn't it? According to...

As for international prop firms I think there is no way you can know anything until they default on your payout. Make sure you make money trading, and consider the deposit as a licence to trade. IMO, you should make just as much in one month as you have in deposit. Then any loss in deposit is...

JK, why on earth do you keep mentioning this stamp tax in the HK :confused: That is completely irrelevant unless you trade HK stocks

Butterball, there are a lot of countries offering close to zero tax: Uruguay, Portugal (from 2013 does not tax income outside Portugal, but are conditions), HK, Singapore, Caribbian countries. This is just to name a few. Point is, you can use a lot of trading vehicles to minimize cost. Unless...

We can certainly conclude that the US is not the land of the free tax wise. To tax citizenship no matter where you reside is just plain crazy.

When you make quite a lot of money, you get a lot more opportunities. There are so many nice places with a lot lower taxes. Open your eyes, try something new.

Financial Transactions Tax

Why do you presume you must trade S.Korean and Hong Kong stocks if you live in one of those countries? You can trade any market you like. As far as I know the FTT is not for foreign stocks.

VAT 21% in Latvia and 25% in Norway. There is no connection between that and pension, for example. Pension is based on your contribution in social taxes. I have taken a choice and decided to save to my retirement on my own. Actually,I have already done it. Capital gains tax is now 27% in...

Security tax? You mean social taxes? This is a complex question. All I can say is that my tax burden in Norway was about 28% and 1.1% tax on my wealth/assets. Latvia is between 5 to 15% and no wealth taxes. But you get what you pay for: healthcare system is worse, roads are worse etc. But...

I'm a full time trader since 2001 and in 2011 I moved from Norway to Latvia. The main reason is because of my Latvian girlfriend, but other considerations were lower taxes and substantial lower living costs (about 1/3 of Norways). Besides, Latvia is just a cheap 90 mins flight away from friends...

Yes, but my logic is: different jurisdictions for all that can be diversified. Never all eggs in one basket :)

So if I have a Maltese registered fund, you claim my bank account in WestPac in Australia (just to make an example), they will tax the deposit (bail in)?

Even if you have a Maltese fund doesn't mean you have to use a Maltese bank?

Send them a mail, I guess fees are negotiable. I use Sterling platform.