Which nation is most favorable (tax-wise, etc.) to stock and future traders?
For example, some countries have no taxes whatsoever on gains in the financial
markets, including stocks, options and futures, etc. Some may treat stocks,
options and/or futures differently and tax gains accordingly. Some have a lot
of red-tape. Some are business-unfriendly. Some have onerous immigration and
visa requirements.
Obviously, other obvious factors should be analysed, e.g. a fast Internet link
to the outside world, the cost of living, low crime, excellent transportation,
excellent banking facilities, good weather, stable political envirnoment and
good, trustworthy legal system, low pollution, good infra-structure and power
services (no or rare power outages and brown-outs), immigration and residency
requirements, etc.
I hear that HongKong does not tax capital gains, but I'm not sure. Nor will
I limit my consideration to HongKong.
I need this information out of curiosity and there is no urgency. The most
accurate, thorough and comprehensive answer that analyses and compares the
various locations and makes recommendations based on the analysis wins.
P.S.: You may be curious about the answer youself if you're a successful
trader, or think you'll be one, or wonder where the best traders and money
managers tend to re-locate. E.g. John Templeton chose Bahamas but that's
many years ago. Today, there maybe more and better choices than Bahamas.
Moreover, Templeton was not a trader, but a long-term position investor and
mutual fund manager. |
