I've been thinking to take my trading business more seriously, however I want to take to a different country. I am totally clueless as of legal basis for such move. Where do I start looking on what my tax considerations would be if say i traded out of eastern europe in US exchanges? do I have to establish a synthetic entity, and then get tax according to business law standarts, or in my particular case, the country's citizens aren't even required to file a tax return. Does that mean I can take 100% of my profits?
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
tax basis
- Thread starter mkmps
- Start date
Originally posted by mkmps
I've been thinking to take my trading business more seriously, however I want to take to a different country. I am totally clueless as of legal basis for such move. Where do I start looking on what my tax considerations would be if say i traded out of eastern europe in US exchanges? do I have to establish a synthetic entity, and then get tax according to business law standarts, or in my particular case, the country's citizens aren't even required to file a tax return. Does that mean I can take 100% of my profits?
What country are you a citizen of?
What country do you live in?
What markets are you trading in?
H-1b proffessionals visa; currently work in US; target coutry is either Luxembourg or Lithuania where I'm from, or any other english/german speaking country. Trading GLobex, Some amex, just to soften my positions. Up to now I was dealing with it through 1099's on my personal tax return, however, If I am not in usa, and have no other legal ties, what is my tax status? I'd like to keep my current trading style, which would be definetly altered if I had to search for new instruments with more favorable tax treatment. I am not to the point yet to get a lawer on this case, but I am getting awefully close, cause I can't really find any info on that.
Originally posted by mkmps
H-1b proffessionals visa; currently work in US; target coutry is either Luxembourg or Lithuania where I'm from, or any other english/german speaking country. Trading GLobex, Some amex, just to soften my positions. Up to now I was dealing with it through 1099's on my personal tax return, however, If I am not in usa, and have no other legal ties, what is my tax status? I'd like to keep my current trading style, which would be definetly altered if I had to search for new instruments with more favorable tax treatment. I am not to the point yet to get a lawer on this case, but I am getting awefully close, cause I can't really find any info on that.
Dump your visa and residency; you will have no US tax liability trading US markets.