Hello guys, I'm swing trader from Slovenia but short term gains (buy and sell under 12 months) are taxable 40% in my country and that's killing me. That's ridiculous.
What should I do, what are my options? I'm willing to open any kind of business in other countries if that's necessary. How could I take advatage of EU policy in that case?
Help Veeky Forumsbro, lads.
Why not open a company in Hong Kong and do all your trading through that?
Thank you for suggestion. I'm not big league pretender like many guys here on Veeky Forums so I'll honestly say I have no idea how to do that and if it is legal.
what's swing trading?
Burger here.
What I do is find a non-FACTA country. FACTA is an agreement the United States has with many countries that requires the cooperating nation's banks to disclose any profits an American citizen makes in that country. So for example banking in Canada/EU/Australia would get me busted. But banking in Burma, Morocco, Cambodia, etc allows me to hide a ton of income.
Therefore, I'd find if your country has something similar and find a country that doesn't disclose your info to Slovenia, and bank there.
Thanks, fair enough but is there any less sketchy strategy? I'm not sure if I would like to literally hide my money since I'm not talking about millions but tens of thousands.
I would pay up to 25%. I was thinking if there is some kind of loop so I can open a firm somewhere and pay corporate gains or something. But I think I would have to denounce my residency for that..
can u show a bid explaning this
> is there any less sketchy strategy
No lol.
I'm not a high roller either (I'm posting here, aren't I?), but fuck the government. I'm still saving quite a bit.
>I was thinking if there is some kind of loop so I can open a firm somewhere
Open up one in Tunisia. They don't give a shit.
move to a country with no capital gains
VISA to US
VISA to any country with low taxes
UK and hide it as our tax authorities are terrible (especially if you're not a Brit)