Search results

It doesn't give details as to which income qualifies for a freezone exemption: We have to wait for the "cabinet decision"

That's only partially true. It depends on with what instruments on what underlying's and at what frequency you trade. While trading with instruments on "titles"/securities is generally not taxable high frequency trading with other instruments on forex/crypto/commodities can be considered as...

But how do you avoid that the Maltese subsidiary is being taxed in the holding company jurisdiction if its effective management is in that location?

There are millions of households having a 6 figure financial wealth in France. You think that the French taxman has the capacity and is keen to count peas with each of them? They will bother only if you receive large amounts transferred onto your offshore account or from your offshore to your...

An even better protection offer securities such as bonds of AAA rated countries or collaterized ETFs. In n**i Germany only stock holders were able to preserve their wealth throughout the war and aftermath (with some volatility). Everyone else lost everything. With a broker you hold your...

You can get a list of brokers depending on your criteria and place of residency on brokerchooser.com. For a broker which is licensed in an EU country I would obviously not put UAE as residence. Moving funds between UAE and EU will become very difficult. You might channel them via a UK account...

Well, the reality is that everything related to the 0% FZ exemption is pure speculation at the moment and nobody can give a definitive answer until the "cabinet decision" is published (with just 2 months left until the new tax comes into force). The best description of the situation I have found...

Well, if it turns out he's wrong with what he's writing he will lose his credibility as a tax advisor and clients. I trust published information thus more than claims from persons in forums or in private conversations. The big question now is what are the rules that distinguish foreign sourced...

Someone should tell her... https://www.bloomberg.com/news/arti...king-sector-is-strong?leadSource=uverify wall

Apart from lifestyle and cultural issues there are too many uncertainties with Dubai for a European citizen right now: - Will you be subject to 9% CIT (or maybe later 15% because OECD decided so) - Will you still be able to move funds between Europe and UAE without having your accounts closed -...

Not a big issue for a country that can print as much francs as it wants (there's plenty demand for CHF from abroad especially during periods of crisis). The 50 bln rescue of UBS in 2009 resulted in a profit for the SNB and taxpayer when they sold the bad bank assets later. I'm not worried about...

In many Bulgarian DTA's it is reversed to where the place of incorporation is. That is for instance the case with Estonia, Cyprus and UAE. UAE is therefore an ideal offshore jurisdiction for a Bulgarian tax resident precisely because it is explicitly stated in the DTA that only the place of...

All these banks/brokerages have branches in UAE. I guess, they will still be able to serve their clients via their branches under UAE license but not from EU. And you won't be able to move funds between EU and UAE accounts anymore. The question is whether it will still be possible via Swiss or...

If introduced it will probably affect only few and I doubt it will solve their budget deficit issue: The question is whether and how it will be calculated for entities that haven't filed a tax return in the 5 previous years...

Could work. Have a look at article 4.3. of the DTA: http://internationaltaxtreaty.com/download/romania/dtc/Romania-France-DTC-Sep-1974.pdf You will need to prove that all "management decisions" are made in Romania. So, if you intend to be a director as well you will need to travel to Romania...

The CDS market is telling another story. Anyway, German press agency dpa reported this morning that CS will receive a 50 bln loan from Swiss National Bank.

Probably. The FED will always do what's in the interest of the superrich overlords. And inflation is better for the superrich than deflation.

Not all trading revenues are tax free in Cyprus, only for capital gains arising from disposal of "titles". The exact wording according to PWC's tax summary: I always thought that the previous definition from them included all kinds of financial instruments (including...

If France is the ultimate tax hell and nightmare then i wonder how a French tax resident could become the richest man on earth ;) Interestingly, when looking at the bloomberg billionaire's list I hardly see anyone from a low tax country.

The main brokers all offer ETNs, ETFs and CFDs on crypto these days. This gives you counterparty risk but so does trading with crypto exchanges. And if I have to choose between IBKR/Saxo and Binance/FTX then I prefer going with the former. What exactly is the advantage of trading crypto with...