Best Country for Trading (Tax efficiency)

[luisHK]

to be fair the immihk website refers to what i called investor visa in their visa section as investment for entrepreneurs, but still uses capital entrant scheme for the scheme that s been discontinued in jan 2015. where one would invest 10mil hkd and get a residence permit, without the need to come up with a business.plan nor promises to create specific business activities in hk.

http://www.immd.gov.hk/eng/services/index.html

 

[dw31583]

i m typing from a mobile phone so it s a hasske to copy and paste link but u can go and check the hk immigration website for the difference between the capital entrant scheme and the investor visa. it is there, easy to find.

As of the rest we will see, according to u well known billionaires must be careful where they travel on holidays coz they might be taxed there, even the dumbest tax advisors know that. obviously. Soros, the russian and arab oligarchs travel freely but DW is afraid abt where he spends a week in vacation, u know, in case.he breaks the bank of england from there and gets noticed.for another of his otherworldly trades.

You're making up stories buddy. All of the guys you mentioned are paying taxes in a high tax jurisdiction. Soros is about to pay $7 billion in taxes next year btw. Still, this is not what I said. What I said is what you can find on the HK tax authorities website. If an individual or a company is trading in HK then such profit is subject to taxation. Simple as that.

I don't see why does it make sense to you to argue with facts which can be found on a particular tax authority's website.

Regarding Dubai, I've told you several times, it's up to you if you risk breaking the law. Go ahead and do it. I won't.

 

[dw31583]

to be fair the immihk website refers to what i called investor visa in their visa section as investment for entrepreneurs, but still uses capital entrant scheme for the scheme that s been discontinued in jan 2015. where one would invest 10mil hkd and get a residence permit, without the need to come up with a business.plan nor promises to create specific business activities in hk.

http://www.immd.gov.hk/eng/services/index.html

Exactly. It's got cancelled. Now the only way to HK is to create an actual business with local employees. You must also submit a business plan.

 

[dw31583]

to be fair the immihk website refers to what i called investor visa in their visa section as investment for entrepreneurs, but still uses capital entrant scheme for the scheme that s been discontinued in jan 2015. where one would invest 10mil hkd and get a residence permit, without the need to come up with a business.plan nor promises to create specific business activities in hk.

http://www.immd.gov.hk/eng/services/index.html

To finish this nonsense argument that you're making up, please tell me those territorial tax system countries where you believe it's tax-free if you're trading locally. Since you don't believe to the tax authority itself, you don't believe to tax advisors, you don't believe that OECD has created an agreement whereby every single worthwhile country exchanges information about nonresident accounts, you don't believe facts per see, here is the solution. I'll write a formal letter, that I'll publish here to every single tax authority that we name and and I'll publish their response. If you're right, then you helped all of us!

 

[dw31583]

Btw the difference between you and me is that you're talking about fiction while I'm talking about the reality.

You:

1. You can have sex in Dubai, it's fine
2. It's tax-free if you trade in territorial tax countries

Reality:

1. It's against the law, you may get away with it or you'll be one of those unlucky guys who spend years in the jail because of a one night stand since it's officially against the law
2. According to the law it's taxable but you may get away with it unless you get audited.

So the problem is that you're spreading false information which is not based on facts but on chances. Sure, we're speculating but it's one thing to lose money and it's another thing to play with laws. Furthermore what you get wrong is that I've never said that there is a 100% chance that you will get caught by doing any of the two. There is a very little chance if you're not successful. If you're making a considerable amount of money then it's pretty costly and risky to try your luck while the laws says that you're not playing by the rules.

I understand your point but it's important to add the facts then everyone can decide what's worth it and what's not.

 

[Daal]

Btw the difference between you and me is that you're talking about fiction while I'm talking about the reality.

You:

1. You can have sex in Dubai, it's fine
2. It's tax-free if you trade in territorial tax countries

Reality:

1. It's against the law, you may get away with it or you'll be one of those unlucky guys who spend years in the jail because of a one night stand since it's officially against the law
2. According to the law it's taxable but you may get away with it unless you get audited.

So the problem is that you're spreading false information which is not based on facts but on chances. Sure, we're speculating but it's one thing to lose money and it's another thing to play with laws. Furthermore what you get wrong is that I've never said that there is a 100% chance that you will get caught by doing any of the two. There is a very little chance if you're not successful. If you're making a considerable amount of money then it's pretty costly and risky to try your luck while the laws says that you're not playing by the rules.

I understand your point but it's important to add the facts then everyone can decide what's worth it and what's not.

Your mistake is confusing what the tax authority says with "law". A lot of the time tax autorities go past what the law says, the final word comes from the courts NOT the tax autorithy

 

[dw31583]

Your mistake is confusing what the tax authority says with "law". A lot of the time tax autorities go past what the law says, the final word comes from the courts NOT the tax autorithy

That's correct Mr. @Daal but the court gets involved only if you want to challenge what they say you owe to them.

 

[luisHK]

Exactly. It's got cancelled. Now the only way to HK is to create an actual business with local employees. You must also submit a business plan.

uh yeah, the capital entrant scheme got cancelled, what s usually called the investor visa (or visa for investments for entrepreneurs as the official name, pretty similar if u ask me but i guess thise dumbest tax advisors explained u otherwise) is still open.
And sure the russian. arab oligarchs and a bunch of hedge funds managers live in.high tax juridictions. Of course, what was ai thinking about, wondering wether these plumbers in Monaco (or in tax free arab countries or lox taxes Russiaand non dom UK) dared to.spend a couple of nighys across the border. and yes u.said a while back that u were afraid to ne taxed where u were spending.ur holidays because ur trading.invome.while.on.vacation woukd he picked up by lcal yax authorities.Daal just digged.up that post btw.

 

[Daal]

That's correct Mr. @Daal but the court gets involved only if you want to challenge what they say you owe to them.

Thats the idea, local lawyers know far more about what will stand in the courts than global 'consultants' that are just ripoff artists. Tax authorities can say this and that but its the local local laywers and experts that can know what are the bluffs or just nonsense being said by authorities just to increase tax revenues. I would bet that a lot of the countries that say 'foreign source income is tax-free' or 'capital gains is tax free' will be indeed tax free for a trader (it will hold up in court), even if the tax authorities spout nonsense about being 'labor income' or whatever they say to scare people into paying more

 

[dw31583]

uh yeah, the capital entrant scheme got cancelled, what s usually caled althe investir visa (and visa for investments for entrepreneurs) is still open.
sure the russian. arab oligarchs and a bunch of hedge funds managers live in.high tax juridictions. Of course, what was I thinking about, wondering wether these plumbers in Monaco, non doms in London, or those who chose to stay in tax free middle eastern countried or low tax Russia dared to spend a couple of nights across the border. and yes u.said.a while back that u were afraid to be taxed where u were spending.ur holidays because ur trading.invome.while.on.vacation would he picked up by lcal yax authorities.Daal just digged.up that post btw.

Sorry, I didn't know that Russian oligarchs and Arab sheikhs are trading with their money. As far as I know their wealth is being managed by professional third parties and they don't trade behind the screens.