In Singapore is there a distinction between normal investment taxed as capital gains (=0 tax) and trading above a certain threshold taxed as business income similar to what is the case in most countries? Thanks.
Alternatives to HK?
- Thread starter blueraincap
- Start date
My answer will be quite long and you will still need to consult a specialist. So I will pass on that specific question.
However as I said before, trying to pay no tax is to me a useless pursuit.
In Sg, taxes are progressive but you can still have a 1 billion USD profit and pay a total tax rate (Corporate Tax + Income Tax) of less than 17% without any complicate and costly structure. Straightforward and much much lower rate that in most countries. Why not paying it and be free or much troubles?
Of course you should be able to make consistent profits before migrating to Singapore. To be clear, if you earn less than 100k per year with your trading, you will probably not be able allowed to sponsor yourself for a visa hence you won't be welcomed.
Why would anyone want to know every detail of this saga that lasted several years.
Mastermind of the operation is in jail but the $$ is ?????
Millions missing but try getting anyone to track it down when authorities are in Panama.
Wouldn't be surprised if the authorities took a cut. Drugs, money laundering, etc........
Thief probably be sitting on his private island after his prison sentence is served.
Give me a break. Often, money is never recovered in the U.S, Europe or anywhere even though the scammer ends up in prison. Good scammers hide the money well and yes they enjoy it after the prison term. You screwed up, got scammed by someone and now feel the need to vent at a whole country as if it's responsible for your loss. Take some responsibility.
mr lentus,
hell, i think mr b Is taking it amazingly well.
he doesn't seem emotional or vendictive to my read ...
for 6 fugures - the time - the trouble - the mindspace it occupied - that's saying something
screw-em mr b, go get some more from where you got that,
cheers
There is, which can become grey for personal accounts. No clear guideline how the tax genius differentiates a personal account between ordinary capital gain (nil tax) and regular income. I do know a boy trading his US$3m account, made half a m and subject to nil tax last yr.