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

but you see, the person with the same first, last, and even middle name can be in multiple countries. There can be multiple "Robert Browns" in US, Canada, Holland, UK, and many more countries. So even if they find out that there are 5 Robert Browns living US, how would they know which one lied to them about being in Holland and is not paying taxes on trading.

I believe there is a W-8 for foriegn residents, and if you really are a foriegner and your country has an income tax treaty with US, then you will not pay US-taxes when trading US instruments. You will owe the taxes to your own country.

So what I basically meant was, dont fill out the local form. Fill out the W-8 saying you're from God-knows-which country.
I am not condoning not paying tax, but perhaps set up a small side business and pay taxes on that.

Again, I am particularly new to these things and I said what made sense to me. I do not condone breaking any laws or not paying taxes in any way.

all the best in trading to everyone,
Paul
 
oh......ok

Michael B.



Quote from bufferman:

but you see, the person with the same first, last, and even middle name can be in multiple countries. There can be multiple "Robert Browns" in US, Canada, Holland, UK, and many more countries. So even if they find out that there are 5 Robert Browns living US, how would they know which one lied to them about being in Holland and is not paying taxes on trading.

I believe there is a W-8 for foriegn residents, and if you really are a foriegner and your country has an income tax treaty with US, then you will not pay US-taxes when trading US instruments. You will owe the taxes to your own country.

So what I basically meant was, dont fill out the local form. Fill out the W-8 saying you're from God-knows-which country.
I am not condoning not paying tax, but perhaps set up a small side business and pay taxes on that.

Again, I am particularly new to these things and I said what made sense to me. I do not condone breaking any laws or not paying taxes in any way.

all the best in trading to everyone,
Paul
More...
 
Quote from bufferman:

but you see, the person with the same first, last, and even middle name can be in multiple countries. There can be multiple "Robert Browns" in US, Canada, Holland, UK, and many more countries. So even if they find out that there are 5 Robert Browns living US, how would they know which one lied to them about being in Holland and is not paying taxes on trading.

I believe there is a W-8 for foriegn residents, and if you really are a foriegner and your country has an income tax treaty with US, then you will not pay US-taxes when trading US instruments. You will owe the taxes to your own country.

So what I basically meant was, dont fill out the local form. Fill out the W-8 saying you're from God-knows-which country.
I am not condoning not paying tax, but perhaps set up a small side business and pay taxes on that.

Again, I am particularly new to these things and I said what made sense to me. I do not condone breaking any laws or not paying taxes in any way.

all the best in trading to everyone,
Paul
More...

why would you risk going to jail to save a few bucks. it is far too easy for someone to turn you in for whatever reason and you are caught. what you are suggesting is a serious crime in the us if you are a us citizen.
 
Quote from bufferman:

I agree and it should be.
If you live in a country that provides you a safe living environment then it is your duty to pay taxes.
More...

Yeah I think most people will agree with that, but I think the main issue for people looking for tax relief is HOW MUCH they have to pay. Some people probably feel that they are paying too much. I think there should be a way for those people to leave and go to a place and live where they feel the taxes are fair. Why should they have to pay taxes here if they have nothing to do with the US anymore? At present, this really isn't possible with a few exceptions if you're a US citizen unless you give up your citizenship.
 
I have lived and worked in Sweden for 8 years and was born in the USA and live here now. You might say these are two extremes from heavily taxed to mildly taxed.

I really do not see the difference personally. My lifestyle was the same in both countries. The difference that I felt was the hope of becoming financially independent. A socialistic government seems to have its population brainwashed. I was amazed at the complacency and the" blind" adhering to the government decisions about taxation and other social laws. The people simply did not revolt against these important decisions that effects their lifestyle.

As far as the USA I see great waste here. For value received through taxation, I do not rate the USA at the top of the list, even though we are a mildly taxed people. Our shear numbers of employed people with a system causing people to work and not live off the government and our natural resources are the salvation of the USA.


Michael B.
 
And all the emails of the WHOLE WORLD now under total control of Vixie Enterprise
http://www.dotcomeon.com/
Just read the personality of who is behind I don't think that Bill Gates was an evil but a clever businessman whereas this one has more than just business objective : he doesn't hesitate to compare himself to Hitler so you can guess how they can use that for surveillance of offshore accounts.


Quote from ElectricSavant:

The old "if there is no 1099 form, w2 form or equivalent" trick...

The fact that they(the IRS) does not know will always leave you wondering if they will find out. Rumor has it that Visa had to disclose a list of offshore customers to the IRS...but I do not know if its true (came from one of those shady internet sites...the IRS)

Also structuring ones affairs to pay less tax is not against the law...as it might be interpreted in other countries.

Michael B.
More...
 
You must log in or register to reply here.
Back
Top