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I think you are describing yourself. Why else would you waste so much time on futile comments trying to stir up a fight. Move on. I don't want to waste more time on you.

I paid a law firm to evaluate whether trading US equities using a UK broker was considered foreign income. As usual they did not give a firm answer, but they leaned primarily towards: No. (You are welcome if I saved you money on legal advice.)

The headline for this discussion subgroup is "Taxes and Accounting." Your argument: "Hire professional advice" can be applied to every question within this subgroup. In that case there is no need for this subgroup. I believe it makes sense to test the water. I will and recommend everyone to...

No, I may not qualify if I had. I have been in Italy only on holiday. Have you lived in Italy and can educate me?

That is an ignorant statement. You cannot imagine any other factor than money influencing the decision? Some things other than money have value: time spend with your children, family, friends, certainty on the ability to consistently deliver profits, lots of things.

Of course you should seek professional advice before you move to another country. That does not mean you cannot test the water in an effort to find tax jurisdictions where they do not make the distinction. The cost of professional advice is not insignificant if you order a full analysis of 20...

But are you sure Spain does not tax trading income as business income if volume, frequency etc. surpasses a certain threshold (to be assessed subjectively by the tax authorities)?

If Italy makes the same distinction as Switzerland and in my view most other countries, that trading above a certain threshold (volume, frequency, education, experience etc.) is taxed as business income instead of capital gains, then self-employment tax would be relevant? So I assume what you...

I will seek professional advice. I am just testing the water. Do you know whether there is a healthcare contribution on top of the normal income tax rate in Italy?

Does this apply to stock traders based in Italy trading US stocks (I am aware of the Italien FTT on Italian listed stocks). https://www.mondaq.com/italy/tax-authorities/825606/italy-as-the-new-tax-eldorado-for-private-individuals

I am happy to be wrong on this subject. Do you know whether the differentiation exists in Spain or Italy?

Ok, which Asian country/countries do you know does not differentiate?

In tax law arbitrary = disadvantage for you and me.

Do you believe Singapore does not differentiate?

Correct.

In almost all countries active traders defined in terms of volume, frequency of trades, education, previous experience etc. are taxed as a business at the normal income tax rate as opposed to the capital gains tax rate. Sweden is to my knowledge the only exception among developed countries...

Does anyone know a software to use for calculating FX gain/loss after the FIFO method. Input: Unrealized FX gain/loss balance at the beginning of the year and daily FX balances throughout the year Output: Realized annual FX gain/loss Thanks.

What do you want to achieve with 24 hour trading?

Without off hours trading the price would see a dramatic impact anyway reflected in the opening auction.

I would like to use that broker. Which broker is it?