Query by new member: What spot or region is finest to trade foreign exchange, sorted by the lesser taxes you pay?
Which nation or region taxation, is the very best for foreign exchange traders?
Greatest response:
Solution by MarcThyme
Taxes are owed on earnings both in the nations whose currencies you trade and in the nation you have a Taxpayer ID in….
Include your individual answer in the comments!
June 9th, 2011 at 6:14 pm
florida and new hampshire
June 9th, 2011 at 6:48 pm
Philippines. since Forex is not that popular in that country.
June 9th, 2011 at 7:42 pm
if you want to avoid paying taxes on your income via forex trading, all you have to do the following :-
1. Sign Up Forex Broker that offers Debit card (VISA or MASTER)
2. Transfer your income from that debit card to your bank account in small amount (below $ 500) or better still, open an off-shore account and transfer the money there.
3. Do your shopping using that card either online or at the mall.
4. Register a company that sells product or services online and purchase them using the debit card
5. You can trade using VPS from other country to avoid taxes.
Good luck.
Dennon.
June 9th, 2011 at 8:10 pm
I think India is the best country to earn that kind of income.
If you seriously want to learn how to trade forex for highest returns, than visit:
http://www.forexwi.com
to learn all the insights, tips and tricks.
Hope it helps.