Countries which do not tax traders' capital gains...

Cutten and Hittfield,
I don´t think it´s so easy to open an offshoreaccount
with IB as you think.
If you come to IB with a Caymanisland Ltd and
funding of 50.000 Usd or if you come with 100 mill Usd
I think it´s make a difference. But I will ask them, I hope
you are right.
 
Cutten, concerning IBUs I have no experience, concerning EU/UK/CH I strongly disagree but would be grateful for any supportive cases (I m struggling with residencies in NL/D/CH - each of those wants to tax my worldwilde income).

Concerning US citizen giving up his citizenship I just wonder how to get, keep or renew a valid US passport. No problem??

Hittfeld - eager to learn
 
jsor

The swiss lumpsum taxation requires either age over 55 or special circumstances (and a rather high fixed sum - without correction incase of sharp market-corrections) as Schumacher.

Could as well take residence in UK and request taxation restricted to transfers from offshore account.

Hittfeld
 
Quote from MRWSM:

You guys must love Bush for lowering capital gains taxes down to 15%, I do. :cool:
More...


The bigger thing that changed is the investment tax credit one can take off of tax due......

If a trader has a big tax bill....go buy a small business and get some equipment for it....better yet buy a vending machine biz or a rack-jobbing type of biz with retail-displays.,

Then you can write off a big chunk of $ and spread out the income from the biz over years.....and get te benfit of any equipment for your trading...plus keep all your receipts to write down profit with.....every American needs a small business....even traders who experience roller coaster income.

Look at a small business as a way to level your taxes out....

I am not a tax advisor, so don't even ask.

Michael B.
 
It is going to be a new tax law next year,
you think costa rica was a tax heaven well now is going to be a TAX HELL new law say if your resident you have to pay as high as 30% and it does not matter if the cash you gain was inside the country or outside.

The basic idea of the law is that poor people will pay shit or nothing in taxes , and people with money is going to be RAPE.

So be aware of this new law the law is going to be active sometime next year. :mad:
 
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