Best Country for Trading (Tax efficiency)
- Thread starter ET873
- Start date
How much does health insurance cost per month? I'm definitely not saying dont try to lower your tax bill, but be realistic and always measure the risk involved with off shoring, keep in mind you will lose percentage points on your wire transfers and business fees/airfare to your tax haven.
Good luck to u in all business ventures!
Good luck to u in all business ventures!
Actually it seems the health insurance and retirement bill will remain the same.
"be realistic and always measure the risk involved with off shoring, keep in mind you will lose percentage points on your wire transfers and business fees/airfare to your tax haven. "
This is true and reminds me of a customer I used to have in France. He was doing runs to UK and Belgium trying to set up a complex tax efficient structure, wasting time not taking care of his business and adding travel expenses while doing so. I was already a little bemused at his efforts when he told me happily. "Woa this year I've sold 1 million"
OK, for that kind of money in Euros in that industry there was really no need to jump through hoops to get a moderate tax bill. Than it appeared the guy was talking in french francs !! Lmao and what a waste of money and energy ! Not only LMAO btw as he was buying way too much from me compared to his sales, which brought quite a long and rather unpleasant epilogue
I'm all for tax optimisation but indeed one should make sure it's useful in his personal case.
"be realistic and always measure the risk involved with off shoring, keep in mind you will lose percentage points on your wire transfers and business fees/airfare to your tax haven. "
This is true and reminds me of a customer I used to have in France. He was doing runs to UK and Belgium trying to set up a complex tax efficient structure, wasting time not taking care of his business and adding travel expenses while doing so. I was already a little bemused at his efforts when he told me happily. "Woa this year I've sold 1 million"
OK, for that kind of money in Euros in that industry there was really no need to jump through hoops to get a moderate tax bill. Than it appeared the guy was talking in french francs !! Lmao and what a waste of money and energy ! Not only LMAO btw as he was buying way too much from me compared to his sales, which brought quite a long and rather unpleasant epilogue
I'm all for tax optimisation but indeed one should make sure it's useful in his personal case.
i would say spain/Marbella because it is fun, good weather, good infrastructure, tax advantage (gilbraltar)
In the news: "Tensions escalate over Gibraltar reef row.
Spain is threatening further reprisals in a growing row over the creation of an artificial reef off Gibraltar.
Spain's punitive threads:
$66 fee for vehicles crossing border.
Tax authorities to investigate properties owned by 6000 Gibraltarians in Spain.
Close Spanish airspace to Gibraltar-bound flights.
Online gambling firms in Gibraltar forced to use Spanish servers and pay tax to Spain."
This does not sounds like fun.
On another idea: Many seem to favour Singapore/Hong Kong, but have any of you ever considered Malaysia? No Cap Gain Tax if on their so-called MM2H-program. http://www.mm2h.gov.my/
hehehe. Anyways its nice to see the list of countries to be considered for tax saving.When considering a move abroad for tax savings, keep in mind that Uncle Sam doesn't let you go so easily. US citizens and long-term residents are slapped with an expatriation tax or exit tax. Sort of like continuing to pay US taxes like a resident for 10 years after you leave.
http://www.irs.gov/Individuals/International-Taxpayers/Expatriation-Tax
I recently blogged about moving out of NYC to avoid tax hikes promised by Bill de Blasio. http://www.greencompany.com/blog/index.php?postid=192
I'll say one thing for Bill de Blasio: He really has told us here in NYC, in no uncertain terms, who he is politically and what his plan is. Unusual for a guy to be so blunt about his plans and I respect that. The problem is he will, in all liklihood, succeed in that. Short term it will look and feel good to many in this town. And like all sugar, drug and adrenaline highs (have no doubt that this is a shot of adrenaline to many earning less) it might actually be good; money will come in and we can stop counting on traffic infractions (parking tickets etc.) to finance our government.
I'm sure I'm speaking to the converted when I state long term this will hurt NY. The problem is I believe it will hurt even more than anticipated as this city is much more vulnerable than it has been in the past. Everyone tells me that the economic base is much more diversified and the financial industry is one of many pillars. The truth is at the top end finance and what supports it is the pillar and in an age where the industry is more transactional than ever before and technology practically allows you to work from the moon ... the businesses stay because the people running the show love living here. But, like many things we love and desire, it is possible to be priced out of the market.
I'm very concerned that de Blasio will have in our next Comptroler -- Scott Stringer -- a guy who has very limited financial skills and may even be to the left of our next mayor. I've met him at a social gathering and several political events and the job is way beyond him.
Stop and frisk is ending, a number of tax-bite straws are being added increasing the risk of breaking the camel's back and we are about to have a team in charge that believes they can squeeze a lot more from people earning $200,000 +. For those of you in lower cost locales believe me $200,000 goes very quickly in Manhattan. Stop for a glass of house wine in Tribecca and the ring is likely to be in the $14 per range -- pre sales tax. That means if you and your wife stop for two glasses each of not-very-good red and eat at home you have just most likely gone for no less than $70 depending on the tip you leave. No dinner, no movie -- just a couple of glasses of mediocre red.
The phrase I hear repeatedly is "enough is enough". I'm not a "no new taxes no matter what" guy but I see the potential for disaster. The new regime has an ideaology that is detached from reality. Capital and jobs will leave and never return. One of the world's most interesting cities -- few can even compare to it -- is about to be taxed into being second rate.
How very sad.
I'm sure I'm speaking to the converted when I state long term this will hurt NY. The problem is I believe it will hurt even more than anticipated as this city is much more vulnerable than it has been in the past. Everyone tells me that the economic base is much more diversified and the financial industry is one of many pillars. The truth is at the top end finance and what supports it is the pillar and in an age where the industry is more transactional than ever before and technology practically allows you to work from the moon ... the businesses stay because the people running the show love living here. But, like many things we love and desire, it is possible to be priced out of the market.
I'm very concerned that de Blasio will have in our next Comptroler -- Scott Stringer -- a guy who has very limited financial skills and may even be to the left of our next mayor. I've met him at a social gathering and several political events and the job is way beyond him.
Stop and frisk is ending, a number of tax-bite straws are being added increasing the risk of breaking the camel's back and we are about to have a team in charge that believes they can squeeze a lot more from people earning $200,000 +. For those of you in lower cost locales believe me $200,000 goes very quickly in Manhattan. Stop for a glass of house wine in Tribecca and the ring is likely to be in the $14 per range -- pre sales tax. That means if you and your wife stop for two glasses each of not-very-good red and eat at home you have just most likely gone for no less than $70 depending on the tip you leave. No dinner, no movie -- just a couple of glasses of mediocre red.
The phrase I hear repeatedly is "enough is enough". I'm not a "no new taxes no matter what" guy but I see the potential for disaster. The new regime has an ideaology that is detached from reality. Capital and jobs will leave and never return. One of the world's most interesting cities -- few can even compare to it -- is about to be taxed into being second rate.
How very sad.
You are indeed right. If limited skills-- or better said, no skills-- or no deeds accomplished --doesn't stop one from being elected (and re-elected !) to the most powerful office in the world, anyone can get elected to anything. That is also true of that elected person's appointees that don't have to know anything either as long as they "contributed" and can say "Yes" to their appointer. (Is this what is known as a corollary ?)
It is refreshing what you have to say about him being frank. Generally, the question of election gets down to how big of a sugar daddy candidate ? ....... how big of a tin horn demagogue that promises what you want to hear comes from the candidate's mouth (apparently from your comment not an issue here).....and what portion of the "47%" in that locality exists. Of the other 53%, what portion is informed vs under-informed ? These are what smart pollsters should be polling.