Best Country for Trading (Tax efficiency)

[dw31583]

Because of the high taxes, Europe has become unlivable for traders...

Yes, Europe is ridiculously expensive in terms of taxes. Even the US is better with their 60/40 tax treatment for fx traders.

However there are places in Europe where you can pay nothing, legally.

 

[p0box4]

Yes, Europe is ridiculously expensive in terms of taxes. Even the US is better with their 60/40 tax treatment for fx traders.

However there are places in Europe where you can pay nothing, legally.

Bulgaria is a good example of a European country with very low taxes.
However this would also mean you have to trade from Bulgaria so one can not live elsewhere in Europe and have a business in another country and trade from home, then you still get taxed in the country you live in.

 

[marsman]

Yes, Europe is ridiculously expensive in terms of taxes. Even the US is better with their 60/40 tax treatment for fx traders.

However there are places in Europe where you can pay nothing, legally.

What about Zug (a canton or city in Switzerland)?
Here's some info about that:
http://www.expatica.com/ch/finance/Taxes-in-Switzerland_101589.html
The 3 tables therein are interessting. Zug has the least taxes.

One should take a look for "Free Trade Zones" in foreign countries...
That's also the solution in Dubai...

 

[dealmaker]

A couple of people shared a similar idea about automatic information exchange a couple of pages back.
My claim was that this year or next (when is the date you advanced when there's an agreement coming to execution ?) information from Taiwan, mainland China and local UAE banks (which don't include the international banks from DIFC - Dubai Internationa Financial Center) wouldn't be shared, especially not automatically. Are you having a problem in those juridictions ?

Besides regarding your listing a few pages above, which is quite interesting, can you add or link some extra info on Portugal and Spain ?
I'm actually considering going back to Europe, and whereas Portugal is the first choice at the moment, because even without a complicated set up taxes can be pretty sweet and there are less social troubles there than in Spain - or than in Belgium for that matter, which I'm considering less and less- I would much rather move to Spain, where I feel very much at home.
I had a quick check a while ago for set ups in those countries minimising tax on offshore income but haven't found much useful info. I don't trade much anymore btw,with a little tweeking I could get most or all on passive income, but than I don't like witholding tax on dividends.

As of Dubai, again, i'm not sure where you got this information that expats, especially non muslims, go to jail for having sex outside marriage. For the guys i know who have enough spare cash there, it is a very good pick up place. And if you get tired some drugstores have huge stacks of cyalis and viagra which they sell over the counter.

Why are you giving up on South East Asia? Don't ignore the Podemos threat in Spain.

 

[dw31583]

What about Zug (a canton or city in Switzerland)?
Here's some info about that:
http://www.expatica.com/ch/finance/Taxes-in-Switzerland_101589.html
The 3 tables therein are interessting. Zug has the least taxes.

One should take a look for "Free Trade Zones" in foreign countries...
That's also the solution in Dubai...

Dubai is definitely tax-free but I prefer one night stands over marriage.
Zug, Switzerland is a good choice as the corporate income tax is slightly less than 15% and the personal income tax is no more than 22% max.

The problem with these tax havens is the place itself. Who the hell wants to live in Zug? I'm not 90 years old so I want to live in a crowded place.

 

[p0box4]

Dubai is definitely tax-free but I prefer one night stands over marriage.
Zug, Switzerland is a good choice as the corporate income tax is slightly less than 15% and the personal income tax is no more than 22% max.

The problem with these tax havens is the place itself. Who the hell wants to live in Zug? I'm not 90 years old so I want to live in a crowded place.

Sunny Beach in Bulgaria ?
10% corporate tax and 10% personal income, 5% dividend

 

[dw31583]

Sunny Beach in Bulgaria ?
10% corporate tax and 10% personal income, 5% dividend

Haha Yes, that's better than Zug but I'm still quite angry because I keep thinking about how to pay nothing in places like Hong Kong, Panama, Singapore, Malaysia, etc. because these are good places with territorial tax system, yet I can't find a way to take advantage of it.

 

[dealmaker]

Sunny Beach in Bulgaria ?
10% corporate tax and 10% personal income, 5% dividend

Bulgaria is on the Black Sea not Mediterranean, you might find yourself surprised with the weather and the beaches....

 

[luisHK]

Why are you giving up on South East Asia? Don't ignore the Podemos threat in Spain.

I might stick around Asia a few more years actually. And you are right Podemos as well as separatists tensions and the taste of spanish folks to show off their frustration in public squares are reasons that have me reluctant to ever move to Spain. Portugal is much quieter, even in the depth of the crisis the population there was rather consensual in following mainstream politics compared to their eastern neighbour afaik It's also overall a safe country, which I apreciate.
Yet Spain is almost home whereas Portugal is not, and i see some benefit in raising kids in Spain, especially Madrid, rather than in Portugal (but than I know Spain much better)

 

[irniger]

What about Zug (a canton or city in Switzerland)?
Here's some info about that:
http://www.expatica.com/ch/finance/Taxes-in-Switzerland_101589.html
The 3 tables therein are interessting. Zug has the least taxes.

One should take a look for "Free Trade Zones" in foreign countries...
That's also the solution in Dubai...

For a private trader, add about 11% for pension scheme etc., called AHV. Even as a pensioner, one has to pay this with no increase in the pension amount. Better to trade as a company in Zug, where the actual top tax percentage is about 17% net incl. all the different taxes (income, wealth, church). But if you take out dividends, these are taxed at about half the applicable income tax for the shareholder. (about half, because there is a change in the percentages coming soon)