How safe is it to opt for offshore brokers and how does this whole tax thing work when it comes to brokers overseas? If anyone has any suggestions as to the brokers that helped in this aspect, please do share, thanks.
Are taxes eating up your profits too?
- Thread starter rubinageniro
- Start date
tax residency applies regardless of the broker you use or where the broker is located
You are from Austria ? Dont even try a stupid thing, it is not worth it. It wont work.
If you are really tired of paying too much taxes, then move to another country. You dont have to look far. 10% flat tax in Bulgaria, for example. And stuff is cheap there, including the hot girls
When you go deeper into that question, poeple come with all kinds of ideas and reasons why to do so. The best one i heard so far :
,, What's the point of paying it if the goverment will waste it anyways ? "
And you're listening like
...The joke is on you. The creator of this thread is a female.You are from Austria ? Dont even try a stupid thing, it is not worth it. It wont work.
If you are really tired of paying too much taxes, then move to another country. You dont have to look far. 10% flat tax in Bulgaria, for example. And stuff is cheap there, including the hot girls
I trade as a business so write off alot of expenses against the income. VPS, all tech, subscriptions, home office, insurance for the family (which is around 24k per year). Pretty much everything trading related is expenses through the corp. Especially with insurance it's easy to have over 50k annual qualified expenses to bring down the taxable income from trading. There's other things you can do too
"Work" vehicle, office space, petty cash, business lunches, vacations (company related travel). Pretty amazing the amount of shit you can attach to a company.