What does me being in a country or not have to do with it being a quasi-dictatorship? I am in Australia, and I know Australia is one. I have never been to USA, yet I am well aware it is the worst example thereof.
Pointed out? I know well enough how capital gains are handled in Australia. And as I pointed out, the advantage in Singapore is that there is no capital gains tax.
Not take away the profit?
Thanks Sammy,
On the top of my bucket list is to spend a year in Singapore. Without listing the google address what are the requirements for temporary residency and what are the advantages and disadvantages of living there.
I have stayed for 3-10 days there as a transit tourist, on about 6 or 7 occasions, and like the style of Singapore.
Disclaimer: I do not chew gum.
gg
When you go and actually see a real dictatorship as opposed to reading about one on Wikipedia, then you'll know why Australia isn't one.
Yes, pointed out when you said you wanted to move to Switzerland for the same reason. If you are trading then your capital gains will be subject to ordinary income tax.
I'm sure they would be happy to give back taxible portion of the profit you have never made.Right after you stop using their roads/public transport, pay back every sent it cost to educate you, hire your own police and judicial system, pay for 100% of health care and summon your own army.
Do not lecture on taxes, when it is people like me from whom the government takes all the money and redistributes it to everyone else who doesn't deserve a cent.
Sorry GG don't know the temporary residency requirements as I'm across the border in Indonesia. I always enter as a tourist. Presumably you would need some kind of sponsor. You could always do a visa run every 30 days.
Here's my advantages/disadvantages on Singapore.
Adv
No traffic. In general everything is well organised, much like Hong Kong. The rest of the world should learn from this.
Clean.
Great restaurants and bars.
Big expat population.
Cheap chili crab. You could eat a crab a day and it wouldn't put a dent in your budget.
It has a Universal Studios.
The casino is pretty cool, even if you have to drink before entering.
Dis
Almost too clean.
Expensive property and cars.
Arrogant investment bankers are everywhere.
Mints get get boring if you're a gum man.
Sorry I actually can't come up with many genuine disadvantages, it's all-round a pretty cool city.
Well its pretty easy to lecture you on taxes when you don't even realise that trading profits are not subject to capital gains tax like you keep stating.
Then to think that you have not benefited from others paying tax is just delusional.
And its a reasonable guess than most here have paid a lot more tax than you young fella
How blind you are. Just because every 3 years you get to pick a new master, doesn't make you any less of a slave.
Switzerland? Last I checked, this is a thread about Singapore. This is apart from the fact that Switzerland does not have a capital gains tax. If I wanted to move there and work as an engineer, any money I make through trading is tax free.
And I might live in Switzerland as well, no reason to try several countries and see which is best. But for now, it seems like it would be easier to move to Singapore, and it's obvious proximity to Australia presents a significant advantage.
Well its pretty easy to lecture you on taxes when you don't even realise that trading profits are not subject to capital gains tax like you keep stating.
Switzerland, Singapore, New Zealand, it doesn't really matter where you choose to go. If you're trading you will pay tax on your capital gains. If you're going to try and pretend to be some sort of tax expert you should probably start with a working definition of what capital gains tax is.
Gains from sale of shares & financial instruments
Generally, profits or losses derived from the buying and selling of shares or other financial instruments on your own account are viewed as personal investments.
Capital gains are not subjected to tax. If you buy and sell shares or other financial instruments at a profit, the profit is not subjected to tax.
When is it taxable
To determine whether an individual is trading, factors such as the frequency and volume of transactions, the interval between the purchase and sale, and the manner of financing the purchase of shares, will be taken into consideration.
The three circumstances factors above alone do not determine whether the gains are taxable.
Even worse, it's been mentioned so many times and he still doesn't get it.
I pay tax on my trading profits, there's nothing else to it.
Surprise, surprise, if you're trading they tax you.
Its pretty clear he hasn't a friggin clue what tax is payable on trading profit because he has never made one.
You must not understand English, because that is the opposite of what that page says. The other part is clearly meant to stop people trading on behalf of companies.
Take a hike troll.
Take a hike troll.
Oh dear. Good luck with it all.
What was it I've seen you say before? Thats right, once someone has lost all they have left in insults.
Luck does not factor into anything I do. Everything is logically calculated.
SCM are you really that dumb?????
If you are a TRADER your gains are taxed as ordinary income.
NOT AS CAPITAL GAIN!!!
Where does it say that? Certainly not on any single website I have been to. Please present evidence.
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