Best Country for Trading (Tax efficiency)

luisHK · Mar 31, 2015

Ditch said:
Don't count on governments being trustworthy. Ie in holland you pay 1.2% tax on capital gains, however politicians are beginning to get uncomfortable with that. QUOTE]
.

You mean 1.2% tax on capital, regardless of the profits (or losses ?), right ?
In Western Europe long term Financial planning is indeed risky as the tax laws and applications of those laws do change quite a bit

Ditch · Mar 31, 2015

luisHK said:
You mean 1.2% tax on capital, regardless of the profits (or losses ?), right ?
In Western Europe long term Financial planning is indeed risky as the tax laws and applications of those laws do change quite a bit

yes

Hittfeld · Apr 3, 2015

Ditch said:
....
Ie in holland you pay 1.2% tax on capital gains, however politicians are beginning to get uncomfortable with that. I'm living in Holland right now, but I really don't know of a place, where you can have all pros and not the cons.
...

Ditch, how serious is that thread? And when could that come into effect?

Thanks

Ditch · Apr 3, 2015

Hittfeld said:
Ditch, how serious is that thread? And when could that come into effect?

Thanks

The leader of the biggest "opposition" party, D66, has hinted at the taxation of big profits, made in the stock market, a few times recently. That idea might find support with other parties as well, so far it gets not much attention.The presumed gains on capital of 4% have been subject of discussion for longer as many savers don't make that kind of rate on their money nowadays. In the coming elections in 2017 a major tax reform is one of the top issues. My expectation is that within 5-10 years this arrangement will undergo a change. In a country like Holland you can't expect a favourable treatment like this to continue forever.

Ditch · Apr 20, 2015

Ditch said:
The leader of the biggest "opposition" party, D66, has hinted at the taxation of big profits, made in the stock market, a few times recently. That idea might find support with other parties as well, so far it gets not much attention.The presumed gains on capital of 4% have been subject of discussion for longer as many savers don't make that kind of rate on their money nowadays. In the coming elections in 2017 a major tax reform is one of the top issues. My expectation is that within 5-10 years this arrangement will undergo a change. In a country like Holland you can't expect a favourable treatment like this to continue forever.

Today the Dutch government has announced that they will present a reform of the capital gains tax this autumn.

http://www.telegraaf.nl/feed/krant/krant_binnenland/23946140/__Spaartaks_op_de_schop__.html

Gueco · Apr 20, 2015

Does anyone know how is short-term derivatives trading taxed nowadays in Andorra? Is it income or capital gains?

Hittfeld · Apr 22, 2015

H

Ditch said:
Today the Dutch government has announced that they will present a reform of the capital gains tax this autumn.

http://www.telegraaf.nl/feed/krant/krant_binnenland/23946140/__Spaartaks_op_de_schop__.html

Hi Ditch,
any idea or (educated) guess what the new changes will loo like?

Thanks

Ditch · Apr 22, 2015

Hittfeld said:
H

Hi Ditch,
any idea or (educated) guess what the new changes will loo like?

Thanks

Nothing specific has been published yet. The goal of the reform is to accomodate the large number of savers, that don't make 4% interest on their capital. To compensate for that, they will have to increase rates for those that make higher returns.
I will post in this thread as soon as info becomes available.

jk90029 · May 7, 2015

If someone write a book on tax comparison for traders, I am going to be the first to buy it.

d08 · May 8, 2015

jk90029 said:
If someone write a book on tax comparison for traders, I am going to be the first to buy it.

You can't as it would be out of date by the times it comes from the print shop.

This is why there are advisors around but that's not cheap.