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7 years ago, I asked the swiss tax authorities whether trading income is taxed as regular/business income rather than capital gains depending on the volume and frequency of trading. The answer was yes. I paid a law firm from Portugal to confirm that the same is true for Portugal. I paid a tax...

:thumbsup: also here

Thank you for the heads up. What was your total effective tax rate approximately before the 10% AHV? Thank you.

Switzerland. Great society. Great health care. Great schools. Low taxes.

In 2011 I asked and paid a law firm to answer this question: "Should income from trading US equities be perceived as: 1) capital gains obtained abroad (tax-exempt), 2) income from self-employment obtained abroad (tax-exempt) or 3) income from self-employment obtained in Portugal (not...

Income from active trading beyond a certain threshold is not "foreign-source income." Is is locally generated income.

For an active trader trading high volumes short term, offshore setups are of no use in the UK and similar tax jurisdictions, because the activity is taking place in the UK, where it will be taxed in contrast to passive investing where taxes can be avoided.

Unfortunately, pursuing the "investmentkonto" you are forced to use Swedish banks which does not suit an active trader (too expensive, lack of order types, etc.) and you can't short stocks. But schools and healthcare are free (or cheap if you want private schools). 30% tax in that context is not...

I've been told that Sweden does not distinguish between active trading and passive investing - i.e. you are taxed at the capital gains tax of 30% irrespective of the volume and frequency of trading. I will investigate whether that is true.

You probably seek advanced, brilliant, complex strategies. I seek simplicity. Consequently, if I believed as you initially stated that “company x will go up 50% if the charges on them get dropped” and I wanted to limit my downside risk, I would simply limit my exposure and go look for company y.

Nope. Waiting for IB to solve the problem in - hopefully in the next version.

This looks cheap: https://www.interactivebrokers.com/en/index.php?f=1595 On average transaction costs for options on stocks characterized by bimodal distributions are high.

You have to pay for a LEI code. You will with certainty pay the higher professional data fees – it does not depend on answers you give. Much more paperwork to open the account. Especially the FATCA paperwork is cumbersome and can be costly if you choose the wrong status. I know someone who has...

https://www.propublica.org/article/a-wall-street-deal-that-turns-taxes-into-profits

I agree. However, I reside in a hostile tax environment where the tax implications seemingly differ depending on whether I receive a cash dividend or a payment in lieu of dividend. Frustrating.

“If you buy a dividend paying stock on margin and we lend that stock, you do not receive dividends but instead receive a payment in lieu of dividends. This is treated as ordinary income.” https://www.interactivebrokers.com/en/software/reportguide/reportguide/paymentinlieuofdividends_default.htm...

Thank you for the answers. Your arguments make sense. In Europe there is an ongoing investigation in some countries, because the dividend tax rate differs a lot in different countries. It seems some banks systematically lent out shares on the record date to investors in countries with...

When you have a short position in a stock that pays out dividend, will you have to pay the full amount of the dividend to whomever you borrowed the stock from or only what corresponds to the after-tax value of the dividend? When the stock goes ex-dividend, the stock will drop. But since most...

Maybe the broker has just omitted "Payment in Lieu of" because of lack of space. I guess that must be the answer. I can see I was short the shares in question. Case closed.

Here is one more: 2014-05-15 MEP Dividend .3125 USD per Share (Ordinary Dividend) -375.00