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    Singapore income tax for traders

    Switzerland and Luxembourg both have high tax rates. Why are there good for you?
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    Singapore income tax for traders

    It would be better than Dubai, for instance. But it would tax trader's profits as income. My concerns when it comes to no-tax countries are as follows: 1. Caribbean jurisdictions - hurricanes 2. Seychelles - impossible to get residence permit 3. Dubai - jail sentence for saying the f* word in...
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    Singapore income tax for traders

    If someone's income comes from trading in financial instruments that are not listed in Singapore (or the broker that provides them is not in Singapore), are they taxed on this income anyway? If so, what is the lure of Singapore then? Its tax rates are quite high after all.
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    Can USD kept outside the U.S.A be devalued?

    I have no right to enter the U.S. whereas I do have a right to enter and live in the UK as a British citizen. So USD is not really "my currency" but I need to use a lot of it because it dominates the financial markets/investments. How possible do you think it is that one day they announce that...
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    UK and U.S. brokers vs HMRC - residence discrepancy

    Of course they do not. There is no law that stipulates that. They only report accounts of non-residents under CRS Perhaps I should get interested in how UK non-domiciled residence works - maybe that would be a good solution for me Last edited: Feb 20, 2022
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    UK and U.S. brokers vs HMRC - residence discrepancy

    How will the find out? Banks/brokers do not report anythiing about their clients' accounts if they are resident in the same country as the bank/broker, do they?
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    UK and U.S. brokers vs HMRC - residence discrepancy

    I used to live and pay taxes in the UK and bought a property there (after I left the UK) but now I live and am tax resident in an EU country. I gave my UK address to a UK (CFD) broker and a U.S. (futures) broker when I opened the accounts with them. I notified HMRC that I am no longer resident...
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    Bank account in Monaco - documents - tax return

    So, is renting an apartment in Monaco, spending nights at a home outside Monaco and travelling in and out of Monaco every day for more than 183 days in a year, cheating? I want to obey their rules - if they say that the day when you arrive and leave count as a day spent in Monaco then there...
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    Bank account in Monaco - documents - tax return

    @Martin Everson My goodness, you really know your staff. Do you offer services regarding offshore to people with cases like mine? Could you also share your thoughts on what I found on the web, please? 1. Monaco tax: tax certificate "In practice, the tax authorities usually determine an...
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    Bank account in Monaco - documents - tax return

    I see. So that must mean that the super-rich give someone their bank card to make daily shopping in Monaco as this is supposedly required by tax authorities as evidence to issue a certificate of tax residence. Meanwhile, they are spending most of their time on a yacht or in a villa in France. I...
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    Bank account in Monaco - documents - tax return

    I am coming to a conclusion that Monaco is well overrated. First, I would not feel good living in an apartment as there are literally no detached houses there. Second, it is an overcrowded, loud, one big construction site full of flashy and dodgy people I do not want to be surrounded with...
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    Bank account in Monaco - documents - tax return

    What other 3 options do you have in mind? I thought that it is a must to have a reference letter from a Monegasque bank.
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    Bank account in Monaco - documents - tax return

    Hi, I read on some websites that banks in Monaco require their prospective clients to provide tax returns for the previous 2 years from their home jurisdiction to open a bank account which is one of the conditions for Monegasque tax residence. Which banks, if any, do not have this requirement...
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    Delaware company incorporation: good idea?

    Anyone knows?
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    Delaware company incorporation: good idea?

    If it is a disregarded entity (single-member LLC where the member is U.S. non-resident alien), the brokerage house or the bank does NOT send any reports to the IRS themselves. Therefore, your local taxman will NOT find out about the existence of your LLC. Is that correct?
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    Forex broker not reporting under CRS

    Unless I withdraw to a bank that treats me as a resident - my local bank. Then there will be no reporting. Brokers in the EU do indeed report under CRS - hence I was surprised to learn that Australian ones do not. Strange
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    Forex broker not reporting under CRS

    How come a Vanuatu-based Forex broker (offering Forex contracts where they are the counterparty, not the physical currency exchange) does not report my account according to CRS? At least that is what they told me. Are there any plans to amend CRS so that it applies to Forex brokers as well?
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    Accounts in USA for a U.S. LLC - reportable?

    It seems to me that this encouragement by the U.S. governments now and in the past to attract capital to the USA by acting as an unofficial tax haven has been a planned action and will result in some sort of unexpected event in the near future, this decade perhaps, and it will have something to...
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    Accounts in USA for a U.S. LLC - reportable?

    I am the manager and sole member of a U.S. LLC. I am resident in an EU country. The LLC has some accounts with a U.S. bank and U.S. brokerages. Are these accounts AUTOMATICALLY reportable to taxman in my country of residence under automatic exchange of information between USA and my country or...
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    Proxy residence in the UK - HMRC aware of my current address

    If If do not notify HMRC and they get a CRS report, they will look at my nil tax record and most likely investigate. I would like them ideally to put the CRS in the trash when they get it and not forward it anywhere else - is that what happens with CRS reports sent to the wrong authorities?

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