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Trading for a living & taxes in EU

  #11 (permalink)

Lisboa, Portugal
 
Trading Experience: Beginner
Platform: eToro, Plus500
Favorite Futures: Currency, Commodities, ETF
 
Posts: 9 since Feb 2018
Thanks: 26 given, 11 received


w4rri0r View Post
i live in italy so capital gain is taxed on it's own at 26% (in general...then you have different taxation about differnts instruments like etfs, state bonds - 12,5% - and so on .....) plus 3/4% for incompetent accountants (mandatory because of the ridiculous complexity of the bureaucracy and the high level of incompetence and bribery of the public aministration) ...

plus ... if you earn a good living out of your activity, the tax office will be interested in you and your money and they always find a way to fine you and ask for more money....

....it's not a nice place to live unless you are a retired person > 60/65 yo, with a minimum of 2000 month income and you live where there's turism (near the sea or montains not the cities)

not a place for families and definitely not for young people

Right... in Portugal, that little corner of the world things are not as cheap (it seems tax rates there are better) but at least more straightforward and simple. Anyhow, taxation in Europe for these matters should be harmonised and simplified. Having all these different systems is non-sense.

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