Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.
I just have to ask a certficate to my broker (based in Switzerland too) at the end of the year for all product apart from stocks (specific tax stamps). In my case, I only transfer this certificate to the tax authorities (if demanded) and note my trading account as a normal banking account.
I think what you say is only half true. Yes you have taxes on your wealth(bank account, houses...) but you also have taxes on your income. If your income is made with trading then you will pay tax on it. The rate is progressive and based on your total income size.
This is at least what I know and what I do. If you know something different maybe I should talk better with my accountant!
I don't know if I am allowed to jump into that thread :-)
Although I do not live in Switzerland nowadays, my partner is Swiss, from the French Canton of Neuchatel, and we lived there for a few years in the past.
So maybe I can give you some ideas...
It is probably worth noting that sometimes you have different regulations and different taxes depending on the Canton you live in, etc... but this is minor of course.
An interesting point for a trader would be that in Switzerland you can have a special tax status if all your income comes from outside CHE. And then you would pay taxes on what you spend in the country, instead of what you earn!
This is exactly what I was doing at some point, from the government perspective I wasn't technically working and gaining my income in Switzerland, just living there; because I had setup a financial company in Luxembourg from which I do all my trading and all my income was coming from that LLC.
On a side note, and on a wider scope than Switzerland in se; if you are really serious going in that direction, you can research a company type you can form in Luxembourg, called SPF or in French ‘société de gestion de patrimoine familial’
This could be the perfect company for any trader working solely for himself and his family; as you would pay no taxes at all except for an annual participation equal to 0.25% of the total capital; and at the same there are no conditions as to the nationality of the owner, manager, or his/her country of residence.
Maybe I’ve opened a hole can of worms; maybe not ;-)
but just an idea among others for tax reduction…