Germany: Scholz tax on spreads

[jumpingfella]

Hello,

As I recently discovered, from 2021 Germany introduced draconian tax on derivatives trading, details here: https://winheller.com/blog/en/crypto-derivatives-futures-tax-germany/

I want to trade index option spreads, any recommendations? Delaware LLC? Some prop trading (which one)?

Thanks.

 

[zdreg]

Move to another country in the EU. Merkel tried to get the US to agree to a stock financial transaction tax . So far it has come to naught. These people never give up with creating this tax gimmick.

 

[M.W.]

As if the tax henchman is not working in full force in North America. Tax systems need to be simplified, all loopholes eliminated and everyone should be charged a flat tax on every income. Period. That's the only solution that makes sense. But that would kick out hundreds of thousands of the locusts (aka middle men) who trained to explain a taxation system to the normal guy on the street that was designed on purpose to be utterly complex. If we can apply a flat tax on every penny penny, earned, including property appreciation, wealth gifted to descendents or put into trust or any money that any person or entity receives then we would have a fair system. But that would hurt the elites too much and they write the laws and lobby our civil servants. Hence it will never change.

Move to another country in the EU. Merkel tried to get the US to agree to a stock financial transaction tax . So far it has come to naught. These people never give up with creating this tax gimmick.

 

[zdreg]

As if the tax henchman is not working in full force in North America. Tax systems need to be simplified, all loopholes eliminated and everyone should be charged a flat tax on every income. Period. That's the only solution that makes sense. But that would kick out hundreds of thousands of the locusts (aka middle men) who trained to explain a taxation system to the normal guy on the street that was designed on purpose to be utterly complex. If we can apply a flat tax on every penny penny, earned, including property appreciation, wealth gifted to descendents or put into trust or any money that any person or entity receives then we would have a fair system. But that would hurt the elites too much and they write the laws and lobby our civil servants. Hence it will never change.

Correct but even most of the elite who believe they benefit from the current system do not understand they would likely pay the same amount under a flat tax system.

 

[M.W.]

They would pay a multiple of what they pay now.

Correct but even most of the elite who believe they benefit from the current system do not understand they would likely pay the same amount under a flat tax system.