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Best Country for Trading (Tax efficiency)
- Thread starter ET873
- Start date
@Daal : Please ask him/her the following:
If I open an offshore company in the Bahamas and I'm the only owner and the director also and the company does not have any operations or income outside of Brazil and the company's only source of income is the profit I make by trading financial products then is it still tax-free?
It would be really strange because it would means that there's no tax in Brazil... since the money you make with trading is Brazil sourced income. If it is tax-free then Brazil is better than Monaco or Dubai...
If I open an offshore company in the Bahamas and I'm the only owner and the director also and the company does not have any operations or income outside of Brazil and the company's only source of income is the profit I make by trading financial products then is it still tax-free?
It would be really strange because it would means that there's no tax in Brazil... since the money you make with trading is Brazil sourced income. If it is tax-free then Brazil is better than Monaco or Dubai...
Yes it is tax free, you only pay on distributions. I asked that. If you cant believe because your limiting beliefs from reading KPMG pdfs say prevent you from doing that than you got no hope.@Daal : Please ask him/her the following:
If I open an offshore company in the Bahamas and I'm the only owner and the director also and the company does not have any operations or income outside of Brazil and the company's only source of income is the profit I make by trading financial products then is it still tax-free?
It would be really strange because it would means that there's no tax in Brazil... since the money you make with trading is Brazil sourced income. If it is tax-free then Brazil is better than Monaco or Dubai...
Your bankers in UAE (the country where you claim all those (male) expats are rotting in jail because of extra marital sexual relationships but actually conceded you have never set a foot in) and China ( where you seem to have as much experience as in UAE ) warned you they would soon start sending automatic information about foreigners' accounts to western authorities ? non US authorities at that ? Including accounts of corporations owned/controlled by foreigners ?
IMHO, you are full of it, not so sure why you are trying to spread so much disinformation.
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Now, if you mean this Bahamian company would trade brazilian assets then that's illegal. Some people try to pull this trick to save in domestic tax. But if the company trades non-Brazilian assets, than there is no tax. Actually, there is but its "deferred" (until distribution). But you can leave Brazil and not pay it@Daal : Please ask him/her the following:
If I open an offshore company in the Bahamas and I'm the only owner and the director also and the company does not have any operations or income outside of Brazil and the company's only source of income is the profit I make by trading financial products then is it still tax-free?
It would be really strange because it would means that there's no tax in Brazil... since the money you make with trading is Brazil sourced income. If it is tax-free then Brazil is better than Monaco or Dubai...
@luisHK : I simply love China, seriously and I've been there countless times. Yes, from 2017 they will automatically exchange information.
I don't want to convince you. All you need to do is read the OECD factsheet or Wikipedia. It has been signed by China as well. It happened already. It's a fact. Everyone knows this. Banks will be obligated to determine the UBO (ultimate beneficial owner) of trusts, foundations and companies and they will be obligated to report to the appropriate authorities. Nominees doesn't help.
I simply cannot understand why do you come with this East & West bullsh*t all the time. There's nothing to do with this when it comes to information exchange. China already exchanges information with US automatically so it's not a huge step from there. It's called Common Reporting Standard (CRS).
Furthermore yes, I have accounts in the UAE as well and I've never been there. Yes I know most of the time you're required to go there in person to open an account, except if you're willing to deposit a nice figure. Same with Singapore though I've been to Singapore many times.
Instead of keep saying this Western nonsense please try to show us some FACTS like I do. If you say that there will be no information exchange then show me the facts and I'll be more than happy, trust me.
I don't want to convince you. All you need to do is read the OECD factsheet or Wikipedia. It has been signed by China as well. It happened already. It's a fact. Everyone knows this. Banks will be obligated to determine the UBO (ultimate beneficial owner) of trusts, foundations and companies and they will be obligated to report to the appropriate authorities. Nominees doesn't help.
I simply cannot understand why do you come with this East & West bullsh*t all the time. There's nothing to do with this when it comes to information exchange. China already exchanges information with US automatically so it's not a huge step from there. It's called Common Reporting Standard (CRS).
Furthermore yes, I have accounts in the UAE as well and I've never been there. Yes I know most of the time you're required to go there in person to open an account, except if you're willing to deposit a nice figure. Same with Singapore though I've been to Singapore many times.
Instead of keep saying this Western nonsense please try to show us some FACTS like I do. If you say that there will be no information exchange then show me the facts and I'll be more than happy, trust me.
The CFC rules applies to brazilian COMPANIES with offshore subsidiaries, not natural persons who own or are connected to offshore companies