Finns

[ScalpGuy]

Any traders from Finland?

 

[Tobbic]

I am. I'm just starting trading; i have more experience with longer term investing (stocks, funds, bonds, etc..).
Nice to hear there are others

 

[ScalpGuy]

Hi. Nice to hear you too.

I sent a PM for you.

 

[psytrade]

Tell me how you avoid the government taking all your money. I lived there in 2001 and they were very good at keeping your money.

 

[Tobbic]

Quote from psytrade:

Tell me how you avoid the government taking all your money. I lived there in 2001 and they were very good at keeping your money.

The tax rate for capital income (income from stocks.. etc.) is 28%. However, the tax rate for wage income is much higher and progressive. But it's not so much of an issue for investor/trader.

 

[ScalpGuy]

Yes capital income is 28% and you can get dividend about 9% of your companys free equity for 0% tax up to 90000 euros / year. After this it's 28%.

Best way is to live over 6 months somewhere else maybe at Zug, Switzerland

 

[psytrade]

An Estonian buddy of my set up a company recently, and pays zero tax supposedly. Sounds nice to me.

 

[ScalpGuy]

Hmm. What I know is that in Estonia the Company does not have to pay any taxes until it's going to move money out of the country.

But correct me if I it goes other way...

 

[psytrade]

Kind of pointless keeping it there... You are probably right. Good for locals, bad for foreigners.

 

[futuman]

It's sad those megalomaniac morons sold the derivatives market to eurex.
Look at the FOX now, three out of five days zero contracts traded, where the OMXS trades 40K+ a day. The finnish index derivatives market is dead and buried.