Best Country for Trading (Tax efficiency)
- Thread starter ET873
- Start date
If you mean spread betting then it only works for those who doesn't make much, let's say millions. If you mean the non domiciled status then it doesn't work if you're trading because trading income is not foreign sourced as you're generating the income within the UK.
Anyone any idea, what's the case if you move to Malta as a non domiciled but you don't trade from Malta because you spend only the weekend there and you're elsewhere in Europe as a tourist from Mon till Fri?
I assume that they couldn't tax the income as you were not in Malta but they may say that they want to see whether you've paid taxes in those countries where you traded from?
Needless to say you should make sure that you don't become a resident in the other countries that you visit as a tourist.
Opinion?
I assume that they couldn't tax the income as you were not in Malta but they may say that they want to see whether you've paid taxes in those countries where you traded from?
Needless to say you should make sure that you don't become a resident in the other countries that you visit as a tourist.
Opinion?
By using a non-transparent proxy many things would be possible...
Ie. the IP of the proxy would be logged at the broker, not your own IP...
Place/rent the proxy in a low-tax country...
Yes, it's called VPN, I get it. What do you say to the tax authorities, who is trading with your account since you have not given access to your account to anyone?
You trade it, officially out of the low-tax country, as can also be seen from the IP, ie. proof/evidence...
You trade it, officially out of the low-tax country, as can also be seen from the IP, ie. proof/evidence...
Got it. The problem is Malta is an island so it's quite easy to check whether you have left the island or not. Furthermore from tax point of view isn't this the same as traveling from Mon till Fri within the EU and trading from various EU countries?
Then Latvia or Estonia seems to suit better if you are in continental Europe or the Schengen-Zone...
Why Latvia? Estonia's 0% corporate tax is great but I don't know anything about Latvia.
So that you officially trade in the low-tax country, but you can also make travels to your home country etc. without leaving much traces if there are no border controls...
Research the postings here about Latvia and Estonia; they are IMO very interessting, and some people here have already made experiences. They can help you better as I'm in the same situation like you...