Since you probably see things your way, you likely have things, your way.

Would you renounce your citizenship to pay less tax?

Wealth is commanding a fleet of Apache choppers, landing you in residence, the loyal mercs call you sir and call your wife miss. On landing they point front, left and right while you stroll your family and guests into your domain. 5 fully armed ...

Would you renounce your citizenship to pay less tax?

You forgot one  Fails to realise theres a sucker born every minute and instead of trading, sells EA's and trolls forums for easy Gansta money...lookin for loozers

Most traders fail because of no discipline!

this is what stopped me moving brokers, I thought they are all the same, but in actual fact, I have a broker that not only delivers zero spread on eur usd most of the time but his commish is 0.35 of pip one way, so just .7 of 1 pip in and out, ...

Low spread broker

Yes the Yacht would be very very large Thats the "mad" dream anyway. First you lock in 10 mill, and put it in conservative low yield places to cover your nut for life....then the fun part starts if you can continue your trading.

Would you renounce your citizenship to pay less tax?

With all that advice just overflowing, so whats the tax rate on a yacht in international waters.

Would you renounce your citizenship to pay less tax?

London is the financial innovator not a follower. Frankfurt is the Beuro (bureaucrat) mess...if brexit occurs expect major dereg from old london town. Those boys cut the edge.

Breaking: ESMA finalizes new rules to govern leveraged trading

very true. they are all governments.

Would you renounce your citizenship to pay less tax?

Alphadude May your sails always be full and the sun on your back...cheers

Would you renounce your citizenship to pay less tax?

I guess what my question is, is it required to formally gain residency in a desirable country, because those two tests say nothing about that requirement should I want to return to australia and live with my stash of cash It seems as long as one ...

Would you renounce your citizenship to pay less tax?

Alphadude, so if you are out of oz and have severed all ties with australia, there are 2 tests apart from the super test and thats pfft. the domicile test and the 183 day test. (the 183 test is self explanatory, but the domicile test is not to prove ...

Would you renounce your citizenship to pay less tax?

Real estate is good advice. The entire worlds property market is currently over priced, Id eventually take a cap gains hit on a potential portfolio purchased these days. My current trading goal is to bank 6 million cash after tax. in the worst case, ...

Would you renounce your citizenship to pay less tax?

On a more sombre note Im sitting on an 87k trade right now on eur usd and it just wont clime to my tp. sideways all night. I hate these all nighters.

Would you renounce your citizenship to pay less tax?

Well thanks for your well wishes. Not that I need luck. The entire ballgame rests on low/no hassles. The more you claim/deduct, at higher yearly values, the more you are scrutinised Like I said in another post, I have no wish to mess with the ...

Would you renounce your citizenship to pay less tax?

And forex really isnt considered a business in many jurisdictions, they see it as contract for a difference, because we never really buy or sell currency. Retail forex traders bet on price fluctuations, no asset is traded. (though the broker ...

Would you renounce your citizenship to pay less tax?

Everything you say is true, but its all relative. Im not gonna be calculating my office electricity against the rest of the house for tax purposes unless Im only trapping 30k per year trading. None of the possible deductions you mentioned interest ...

Would you renounce your citizenship to pay less tax?

that territorial taxation thing was missed by Congress. I feel quite sorry for our American friends in this regard. It's a viscous taxation attitude.

Would you renounce your citizenship to pay less tax?

then what is the 30% figure there to do? just for fun?

Would you renounce your citizenship to pay less tax?

read the words "theoretical capital yield" ==> for example if you made 4% for the year,...etc...etc

Would you renounce your citizenship to pay less tax?

so what if you make 1000% in forex? they will require 300% of your gain. the 4% is theoretical the 30% is real/fixed

Would you renounce your citizenship to pay less tax?