U meant 90days uh ?!?
Best Country for Trading (Tax efficiency)
- Thread starter ET873
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U meant 90days uh ?!?
I don't get it, where do you see 90 days? Come with me to the UK for a week or let's make it your favorite, HK or SG next time and we'll walk into the nearest branch of the tax authority and we'll ask whether your trading income is subject to taxes or not.
Let me quote from the HK gov website:
"Persons, including corporations, partnerships, trustees and bodies of persons carrying on any trade, profession or business in Hong Kong are chargeable to tax on all profits (excluding profits arising from the sale of capital assets) arising in or derived from Hong Kong from such trade, profession or business. There is therefore no distinction made between residents and non-residents."
Did ur tax advisor also explain to u u wpuldn t be able to visit both Israel and UAE ?
a couple of months ago u were considering taking an UAE residence.
Besides considering a bunch of countries where the government and rule of.law is unpredictable. But never mind, right ?
I clearly know that you can't visit Arab countries on the same passport but buddy, seriously, stick to the facts. It's easy to get two passports from your country of citizenship. I don't see what's your problem here. Still, I say that I'm not willing to visit these places. I was thinking about it but my decision is No.
So, long story short @luisHK you just want to argue with the facts. Go ahead, there is the quote from the HK tax authorities where you previously claimed that it's tax-free to trade. I made my point, backed with facts. We both live our lives the way we want. I believe what the HK tax authorities says, you don't. It's your choice. Have a very Merry Christmas, I'm traveling tomorrow morning so all the best till next time. 
yes one month u are looking for a UAE residence permit, syaing u would move to Brazil in a heartbeat if taxes there where right.
Next month u would never set a foot there in ur life. and more importantly u haven t checked out the place.
As of not beeing able to visit arab countries and israel with the same passort, why do u think Israel doesn t stamp passports when.u visit there ?
Oh it s true u love in.Israel is very newly found. like 2 posts old, as u never mentioned that issue about Dubai befire and seem to be unaware of the possibility to travel to both places on the same passport.
Not that I d advise to hang out too much in Israel if u do business in arab countries but i sure know some people who do. And while it used to be common to apply for a second passport for that purpose it doesn t appear compulsory now.
https://www.gov.uk/foreign-travel-advice/israel/entry-requirements
Next month u would never set a foot there in ur life. and more importantly u haven t checked out the place.
As of not beeing able to visit arab countries and israel with the same passort, why do u think Israel doesn t stamp passports when.u visit there ?
Oh it s true u love in.Israel is very newly found. like 2 posts old, as u never mentioned that issue about Dubai befire and seem to be unaware of the possibility to travel to both places on the same passport.
Not that I d advise to hang out too much in Israel if u do business in arab countries but i sure know some people who do. And while it used to be common to apply for a second passport for that purpose it doesn t appear compulsory now.
https://www.gov.uk/foreign-travel-advice/israel/entry-requirements
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I'd live in Brazil anytime with 0% tax. Never said otherwise. Dubai is a different place where religion rules your everyday life. Well, I have no problem with Israel and with Israeli people so I have several Israeli stamps in my passport.
looks like your time will be better spent learning how to trade stocks rather than forever trying to find a tax free country for forex trading
An OCDE link about the AEOI, did I understand it properly or it's way less worrysone than we heard so far ? China, UAE are signatories but have signed 0 bilateral agreements to activate the automatic exchange and there are a bunch of other countries among the only 50 or so listed countries in the same situation (some offshore centers have signed plenty of those agreements though, not sure how they affect corporate set ups):
http://www.oecd.org/tax/automatic-e...framework-for-the-crs/exchange-relationships/
As of getting taxed while holidaying in HK on one's trading gains while the ird hardly bother the locals (there's no cap gain tax in Hk). Sure, that's a scary prospect...
DW, or the tax and sexual repression black swan at every corner
http://www.oecd.org/tax/automatic-e...framework-for-the-crs/exchange-relationships/
As of getting taxed while holidaying in HK on one's trading gains while the ird hardly bother the locals (there's no cap gain tax in Hk). Sure, that's a scary prospect...
DW, or the tax and sexual repression black swan at every corner
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The only reason I'm replying to you is because you're spreading false information. Again.
There are the early adopters and the late adopters. Early adopter countries are going to exchange information from September, 2017 and the late adopters are going to exchange information by September 2018. The early adopters exchanges information about accounts existed on January 1, 2016 and the late adopters are going to exchange information about accounts existed on January 1, 2017.
Here is the official list of all the jurisdictions which are going to exchange information within the Common Reporting Standard.
http://www.oecd.org/tax/transparency/AEOI-commitments.pdf
The problem with you buddy is you're taking this personal. Taxation is a really important matter because the consequences of tax evasion are disastrous. So, before you'd try to open an account in a certain country to avoid the CRS, check the official list linked above. The countries on that list are going to exchange information, no matter what. If you think otherwise then you clearly never ever banked with a private bank or with a global bank's wealth management unit. They've been moving accounts from every single country including the UAE, China, Singapore, Switzerland, Panama, Lebanon to the US because the United States of America is the only country which doesn't participate in the OECD CRS.
With all due respect, please, stop misleading all these people. The laws are written and clearly understandable. I know that you won't stop this nonsense. The guy who doesn't believe to the HK tax authorities website, the guy who thinks that sex outside of marriage is legal in the UAE (while both the UK and Australia has issued another warning in 2016 about the UAE laws...), and the guy who doesn't believe that the OECD CRS is going to happen. Got it. You're a kind of person who likes to argue with the facts.
The guy who still can't understand the difference between capital gains and trading income.
For everyone else, there is the official list above, check for yourself.