Best European Countries to Trade from

i am nobody said:
Hi bjw,

Dit kan in specifieke situaties en afhankelijk van de feiten echter anders uitpakken. Om dit goed te kunnen beoordelen hebben wij uiteraard meer informatie van u nodig. "
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translation:
However, this may turn out differently in specific situations and depending on the facts . To assess this well obviously we need more information from you


There it is. Moron nobody didn't disclose his situation to a tax lawyer -he obviously can't afford an in-depth consult-, therefore he got the answer that they can't guarantee anything. The only sensible answer for any consultant to provide in this kind of situation. Nevertheless this moron keeps rambling on about "famous lawyers", big 4 offices", "Monaco penthouses" and "private jets". When is this tool going to realize he has no credibility left on this forum? He's got "FAKER" written all over him.
 
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bjw said:
chill out, nobody cares about your little fight.
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I don't give a rat's ass you're not interested. I tried to have a factual discussion with him on the subject. Instead he started insulting me and my countrymen on top of that, so he had it comin'.
 
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The holiday destinations sound great especially if one lives in a big city but I think one could get very bored living on a tropical island paradise. 3 weeks of sun sea and sand is quite enough.
 
luisHK said:
Just back from vacations in Europe, already miss the place... Can anyone confirm from experience that even high cap gain incomes fro people not having a proper job besides trading or investing in Sweden can go through the investment scheme there, ie it will be taxed significantly lower than in Nederlands ? Don't think it's worthwile for day traders at least in equities as commissions are high, not so sure about futures. Speculative products are definetely allowed.
Also through a corporation one should be taxed at very reasonable levels in Switzerland.
UK seems to be a decent tax heaven if trading through a corporation as well. Definetely big money moving there, although I'm not keen on following them.
Monaco and Andorra don't work for french btw as they still need to pay their income tax in France, it's been going on for a long time in Monaco but heard about a new law in Andorra. Heard as well that bank secrecy in Monaco should make it difficult for french authorities to know how much a citizen there is earning. it's definetely more convenient to live in Monaco than in Gibraltar, where we will have another look this summer anyway.
Gib residents but spending most of your time in Spain, how is the situation at the moment ? Spain has been talking about making life harder for those, is it the case ? (we might need to send kids to international schools in marbella )
Thanks for all updated input
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I contacted the Swedish tax authorities this year. They confirmed that Sweden – as opposed to any other country I have explored – does not tax trading income as business income but exclusively as capital gains irrespective of frequency of trading, volume, education, prior or current profession etc.

That means 30% tax.

Furthermore, there is the added benefit of using the “investeringssparekonto (ISK)” where you are currently taxed around 0.5% of total capital. However, you can only use the local banks, which is a significant drawback since they do not offer the order types of bigger international brokers and most likely inferior execution. Also, you cannot short stocks or use non-listed derivates e.g. CFDs. In practice, therefore, ISK is only relevant for longer term investments. But depending on the amount of longer term investments, ISK can pull the effective taxation significantly below 30%.

The effective taxation for any meaningful level of income for a trader living in Sweden is thus a good deal lower than the effective taxation for a trader living in New York.

On top of that, health care and education including universities are free. In fact you or your children get paid to study.

The immigration situation is a problem, but sentiment is changing.

Caveat: If your trading income is very irregular – i.e. if you often turn in an annual loss, Sweden is not attractive due to the inability to carry losses forward.
 
Maverick2608 said:
Furthermore, there is the added benefit of using the “investeringssparekonto (ISK)” where you are currently taxed around 0.5% of total capital. However, you can only use the local banks, which is a significant drawback since they do not offer the order types of bigger international brokers and most likely inferior execution.
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Just to correct myself, any bank can offer ISK accounts in Sweden. But only few foreign banks/brokers offer ISKs.
 
Maverick2608 said:
The effective taxation for any meaningful level of income for a trader living in Sweden is thus a good deal lower than the effective taxation for a trader living in New York.
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How is this? If you trade futures in the US you get 60/40 treatment which comes out to roughly 23% assuming 15% capital gains rate and 35% top income rate. Let's be honest, most traders are not even in that top income rate which drops their overall rate into the teens.

Is that 30% in Sweden a flat rate starting on the first marginal dollar? Or does it start at some threshold?
 
i am nobody said:
In the Netherlands you pay 30% tax on a hypothetical return of 4% on your total capital. So you pay 1,2% every year on your total fortune. Trading will be taxed at 1,2% if you have a full time job outside of trading. And the fiscal administration should agree with these rules. Like in many European countries, to be sure it is not taxed as income, it should be profits that are small, if not they will tax you at about 50% anyway, the activities should be limited, the traded product can not be speculative, so daytrading is 100% excluded as capital gains in almost entire Europe......
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In Sweden you can only take advantage of the "investeringssparekonto" (ISK) through banks/brokers offering specific ISK accounts.

In the Dutch version with 1.2% taxation, can you choose any broker - e.g. Interactive Brokers - or are you only allowed to pursue the "box 3" taxation scheme through specific accounts offered by approved banks/brokers?

In the Dutch version, are you allowed to short stocks?

Thank you.
 
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