European traders, Roll Call !!!

[Funster]

from what I understand forget France as any kind of tax haven UNLESS you are retired and drawing on your pension.

They tax everyone heavily except older folks. So for example in the UK if you have a decent pension pot you will pay 40% tax on the payouts. In France this is a lot less. Which is why the exodus of retired people to France is quite hefty.

Dont know how it compares to the US.

PS: In the countryside the cost of living is also reasonably very cheap.

 

[Baruch]

What about Spain or Italy compared to France?

 

[Girlpower]

Quote from Baruch:

What about Spain or Italy compared to France?

Outsiders (non-basque) are not very welcome in the north of spain.

Italy is a wonderful lifestyle but expensive.

Taxes throughout the Euro-zone are very high indeed.

Natalie

 

[Neil]

Quote from Girlpower:
Outsiders (non-basque) are not very welcome in the north of spain.

Italy is a wonderful lifestyle but expensive.

Taxes throughout the Euro-zone are very high indeed.

Natalie

So it really has got to be monaco then.. the french lifestyle.. italy just a few miles away.. and zero tax rates for non french residents! a few minor difficulties such as the cost of housing and that if you stretch in the morning you might fall out of the pricipality.. lol

I was thinking maybe a nice country house in provence and a tiny flat in monaco to trade from.. I think you need just 30 days a year resident in the state to qualify as resident.. so thats not too onerous.. its a plan anyway and one to work on..

Neil

 

[Girlpower]

Quote from Neil:



So it really has got to be monaco then.. the french lifestyle.. italy just a few miles away.. and zero tax rates for non french residents! a few minor difficulties such as the cost of housing and that if you stretch in the morning you might fall out of the pricipality.. lol

I was thinking maybe a nice country house in provence and a tiny flat in monaco to trade from.. I think you need just 30 days a year resident in the state to qualify as resident.. so thats not too onerous.. its a plan anyway and one to work on..

Neil

And if you're really into motor racing then you get a place to stay race weekend... My mum would love you forever if she got to be your guest at the flat that weekend

Natalie

 

[sabena]

Neil,



not 20 but 183 days.....

 

[sabena]

correction ;

not 30 but 183 days...

 

[Banjo]

What are the tax rates after one becomes a resident? Non French.

 

[Scientist]

Quote from Banjo:

What are the tax rates after one becomes a resident? Non French.

I thought you don't pay tax in Monaco?

183 Days? That's exactly 6.1 months! Might as well stay there.


By the way, I'm not european for a change! Well, I was. I traded from Frankfurt till 3 years ago. Now I'm back to Australia, where I was born. Australia is a much nicer place than Germany, or anywhere in Europe. I'm glad I have two passports - I can go anywhere in the world ...


~Scientist

 

[swoop[TR]]

Granted, Australia is a nice place but it's kinda remote. It's not like you can take a short vacation to the Alps, or to London or to NYC for the week end

Southern France is a really nice place, and a lot closer to everything.