Are there any daytraders in countrys with an FTT 0.5% or over?

[SwingToWin]

Which country will agree not to tax you on your offshore account? I don't know any civilized country that would agree with your tax evasion.

Sure, sure.... as long as you stay under the radar.

I live in Germany and I don't pay taxes on my trading. I have a regular job and never told anybody, authorities included, about my financial career.

Also I spent a year in South East Asia and I could never imagine authorities asking me whether I pay taxes on my trading. They just care for the visa. And taxes from a regular job or a business within their country. But not profits from an "online business company", as is also trading.

 

[i am nobody]

Sure, sure.... as long as you stay under the radar.

I live in Germany and I don't pay taxes on my trading. I have a regular job and never told anybody, authorities included, about my financial career.

That's what I mean. If they know about your trading you can have big problems.
So not really a good solution to go offshore. Fragen Sie mal Uli Hoeness.
Even officially being domiciliated in Monaco is not without risk.

 

[SwingToWin]

I would lose money of I got a job as I would have less time to trade. Also I've been trading since I was 18, no issues yet. I'm not long or short biased so market flucuations won't have much of an effect on my income, however I appreciate your concern.

Alright, I wish you the best of luck for your journey in daytrading!

On a side note, moving to another country would not effect the FTT, because it will be imposed on all instruments traded in New York, no matter where you have your account.

Finding markets for daytrading other than futures is hard, as you might know.
And Dubai's market is dead and probably not suitable for daytrading, as far as I remember.

But don't worry, FTT will not come and you can continue betting around in the US.

 

[Hybr1d88]

Alright, I wish you the best of luck for your journey in daytrading!

On a side note, moving to another country would not effect the FTT, because it will be imposed on all instruments traded in New York, no matter where you have your account.

Finding markets for daytrading other than futures is hard, as you might know.
And Dubai's market is dead and probably not suitable for daytrading, as far as I remember.

But don't worry, FTT will not come and you can continue betting around in the US.

Hell yeah man, as said before though...i think it may have been you or someone else in another thread but if there is an ftt tax. I will simply move to whatever country the market moves to. This shouldn't be an issue though.

Thanks for all the advice guys