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Gibraltar
- Thread starter luisHK
- Start date
Well, I'm definetely considering more things than taxes, which should be obvious if you read that thread. But taxes are definitely very important, as at around 20% I'd be more keen on giving up active trading and enjoy lower rates on passive income- much more places would be available, I'm actually contemplating just that, just not right now.
Besides of the few places where I'd be most happy to move, taxes on active trading are much higher than 20%, and if not in Europe require several million usd investment just to get the residence permit, before beeing hit by high taxes - New Zealand might be the best hope of migrating to a great place with low taxes for a few years, but that's a drastic move (costing 10 mil NZD if you want to skip the quotas) , and I suspect the tax deal wouldn't work for active trading, tax deal only valid for a few years anyway- although there are a couple of places in Europe I really enjoy, just forget about the 20%.
Besides of the few places where I'd be most happy to move, taxes on active trading are much higher than 20%, and if not in Europe require several million usd investment just to get the residence permit, before beeing hit by high taxes - New Zealand might be the best hope of migrating to a great place with low taxes for a few years, but that's a drastic move (costing 10 mil NZD if you want to skip the quotas) , and I suspect the tax deal wouldn't work for active trading, tax deal only valid for a few years anyway- although there are a couple of places in Europe I really enjoy, just forget about the 20%.
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Switzerland. Great society. Great health care. Great schools. Low taxes.
Leave there? Must have done, if you've travelled so much, I'm sure. Thanks - welcome to ET, anyway. I was just mentioning, in my clumsy way, that Gibraltar's actually a British overseas territory, not a country.
Thanks for the welcome,yh i know its a territory but they compete in all european competitions as a country.thanks anyway Xela
Switzerland. Great society. Great health care. Great schools. Low taxes.
Yeah, I now a professional Swiss trader on ET who run away for these "low" taxes.
Check here to see what you will pay: https://www.ch.ch/en/tax-calculator/
Try to get below 20% and let me know if you succeeded. Living cost in Switzerland is high.
Well, I'm definetely considering more things than taxes, which should be obvious if you read that thread.
Sure, but it seems to me that taxes are overly playing a role in this decision, especially for someone that is already financially free. Taxes and money should be way down the list in the main reasons to move, at least if the person wants to maximize personal satisfaction and happiness
Fair enough, I'm definitely wondering often about this issue and might be wrong here. But so it is at the moment.
I can't say Gibraltar sounds like a bad place to live though, staying there would actually help with non tax related current issues (beeing very small and english speaking sounds good right now) while beeing in an area i like, although settling in Marbella or Madrid while sending the kids to an international school there sounds like more fun - for me, not so sure about my kids who speak fluent english but no spanish yet.
I can't say Gibraltar sounds like a bad place to live though, staying there would actually help with non tax related current issues (beeing very small and english speaking sounds good right now) while beeing in an area i like, although settling in Marbella or Madrid while sending the kids to an international school there sounds like more fun - for me, not so sure about my kids who speak fluent english but no spanish yet.
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Switzerland. Great society. Great health care. Great schools. Low taxes.
Unfortunately NO LOW taxes for traders plus ca 10% of income to be paid additionally to obligatory pension scheme AHV (no opt out possible). So I left.
Thank you for the heads up. What was your total effective tax rate approximately before the 10% AHV? Thank you.Unfortunately NO LOW taxes for traders plus ca 10% of income to be paid additionally to obligatory pension scheme AHV (no opt out possible). So I left.