In this post we’re gonna move our trader to the capital of Sweden. Stockholm is not just a vibrant and amazing place to live but it’s expensive as well. Sweden is a neutral and respected country and if you don’t mind paying high taxes then you can live in one of the most developed countries in Europe with one of the most efficient and least corrupt government in the world.
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I think you have expected a post about a low tax country after the last past about Malta however the tiny island is so close to Italy that I don’t want to skip writing about the tax system of the country where most people seem to be happy and relaxed.
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In this post we’re gonna analyze the Maltese tax system. The personal income tax rate goes up to the same 35% just like in Cyprus and they also have a so called non domiciled taxation for foreign resident individuals living on the island.
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Like I promised in this episode we’re gonna take a closer look on Cyprus, the island nation close to Turkey and Israel which happens to be a part of the EU and where almost everyone is a native English speaker.
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In today’s post we head north to one of the remaining English speaking states in the EU and calculate the taxes on fx trading in Ireland. First I’ll show you what you have to pay and what not and then we’ll do the math to compare our trader’s account balance with the previous two jurisdictions.
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In this part we’re going to take a closer look on the Netherlands where residents pay as much as ~52% of their income to the Dutch government, not including the social security charge.
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Many fx trader fails to understand the importance of taxes. A common complaint I hear about trading is that you can’t grow your capital the way investors do because you take out a large chunk of your balance each month to cover your personal expenses. This is not only true but they don’t even take into account the tax they have to pay on their trading income which they should withdraw from their trading account as well.
Continue reading “Forex taxation in Spain”