Offshore Banking and Asset Protection, Offshore Trading - Traders Hideout | futures io social day trading
futures io futures trading


Offshore Banking and Asset Protection, Offshore Trading
Updated: Views / Replies:8,531 / 61
Created: by Big Mike Attachments:24

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 24  
 
Thread Tools Search this Thread
 

Offshore Banking and Asset Protection, Offshore Trading

  #51 (permalink)
Elite Member
Brussels / Dublin
 
Futures Experience: Intermediate
Platform: ninjatrader
Favorite Futures: Stdev + 2
 
Posts: 467 since Jun 2010
Thanks: 842 given, 592 received


jsengxx2 View Post
It is funny to read all this stuff, attorney here.... attorney there.... and nobody talks about CFC RULES.

The only good way to do this is the google, starbucks, shell etc.. way with Ireland and Holland as the main players, you will arrange a tax bracket in Holland that is confidential so you will not trigger the CFC RULES and pay legally less tax.
Another way is to be a citizen in a tax friendly country (not for US).

All the rest is just tax evasion and the structures will trigger the CFC RULES in your home country.

You will find allot of online sellers of offshore structures trying to sell stuff like Panama foundation with a Belize IBC and they tell you that this is the safe way to go offshore but in court they will look at that foundation and just look at the way it is used for and that will trigger the CFC RULES.

Just remember that all this companies and even attorney´s, all that they are after is your money!

Maybe this is a good subject for a webinar Mike?
How to legally going offshore?

All have a good trading year 2015,
JJ

That's slightly untrue as I'm irish I read a lot about the schemes etc. The double dutch and double irish will be shutdown in next 4 years to be potentially replaced with a patent box.

Its either Luxembourg Malta Gibraltar isle of man or hong Kong for European entities. Predominantly most of the former British colony's have some beneficial arrangements.

What those multinationals etc are doing is even a grey area in Ireland they have no HQ anywhere in the world is the line they tell the irish tax authorities. They route the money to the Bahamas to move out of Europe.

The larger irish companies operate from Luxembourg Malta or Gibraltar (gambling). private trading companies are known to operate from Gibraltar.

There are many ways this is all done legally.

The former British prime minister stored her house in the bvi to avoid inheritance tax so excuse me for pointing out what is perfectly legal to do .

If I was American I'd probably look to Delaware as pointed out earlier on the thread.

Hong Kong has no CFC rules.

Reply With Quote
The following user says Thank You to leinster for this post:
 
  #52 (permalink)
Membership Temporarily Revoked
Portugal, Viana do Castelo
 
Futures Experience: Intermediate
Platform: ninjatrader
Favorite Futures: 6e
 
Posts: 358 since Sep 2011
Thanks: 187 given, 343 received


leinster View Post
That's slightly untrue as I'm irish I read a lot about the schemes etc. The double dutch and double irish will be shutdown in next 4 years to be potentially replaced with a patent box.

Its either Luxembourg Malta Gibraltar isle of man or hong Kong for European entities. Predominantly most of the former British colony's have some beneficial arrangements.

What those multinationals etc are doing is even a grey area in Ireland they have no HQ anywhere in the world is the line they tell the irish tax authorities. They route the money to the Bahamas to move out of Europe.

The larger irish companies operate from Luxembourg Malta or Gibraltar (gambling). private trading companies are known to operate from Gibraltar.

There are many ways this is all done legally.

The former British prime minister stored her house in the bvi to avoid inheritance tax so excuse me for pointing out what is perfectly legal to do .

If I was American I'd probably look to Delaware as pointed out earlier on the thread.

Hong Kong has no CFC rules.

It all depends on the CFC rules of your country of tax residents.

The former British prime minister could store the house in the bvi because UK does not see the BVI as a tax haven, that is a loophole.

The best way to pay less tax is move too a tax friendly country.

Reply With Quote
The following user says Thank You to jsengxx2 for this post:
 
  #53 (permalink)
Trading Apprentice
Vancouver BC Canada
 
Futures Experience: Beginner
Platform: TradeStation
Favorite Futures: Forex
 
Posts: 1 since May 2015
Thanks: 0 given, 1 received

offshore trading



Big Mike View Post
How to maximize retained earnings in an offshore corporationPremier Offshore Investor[/url]



Sent from my phone

@Mike

Hi Mike,
A key considerations is whether or not your broker and trading platform is domiciled in a private jurisdiction. I represent a well reputed, regulated private offshore brokerage that may interest folks here. Can we connect re: the possibility of offering our services to your forum members? I read your advertising/promotion policy and hope this post complies.

FYI - we do not accept US citizens or residents as clients.

Thanks

Reply With Quote
The following 2 users say Thank You to thebanker for this post:
 
  #54 (permalink)
Trading Apprentice
western NY
 
Futures Experience: Intermediate
Platform: NinjaTrader, Python
Favorite Futures: equities, bonds, currency, commodities
 
Posts: 42 since Apr 2015
Thanks: 9 given, 25 received

If you don't like paying US taxes then move.

IMO if anyone is doing this I hope you do something wrong and either go to jail or get put out of business by an IRS penalty.

I'm with Charlie Munger's philosophy that people doing well in life in the US should have a moral obligation to not scrape the last dime possible.

It is not like you are going to get anything out of doing this anyway if you are successful enough to do this. You have already gained as much marginal utility from the dollar as you are going to get. At that point fanning the flames of avarice is just a bad strategy for your own personal well being. It is like a sex addict or alcoholic thinking that more sex and alcohol will lead to greater happiness. Duh.

Pay your taxes, enjoy the fire department and the roads and try donating to something that is not a tax strategy.

Reply With Quote
The following 2 users say Thank You to Darthtrader4beta for this post:
 
  #55 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,357 given, 83,237 received


Darthtrader4beta View Post
If you don't like paying US taxes then move.

IMO if anyone is doing this I hope you do something wrong and either go to jail or get put out of business by an IRS penalty.

If this is addressed towards me, you have no idea what you are talking about. I don't live in the US. My residence is in Ecuador. However, as a citizen, I am required to pay taxes on my income -- even income earned outside of the US. The USA is the only country in the world that does this to its citizens. There is an exemption but it is only on the first 100k per year.

Your advice to "move" is completely wrong and not based on facts.

Mike

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.

Reply With Quote
The following 4 users say Thank You to Big Mike for this post:
 
  #56 (permalink)
Elite Member
Wrocław, Poland
 
Futures Experience: Intermediate
Platform: NinjaTrader, Racket
Favorite Futures: Ockham's razor
 
gregid's Avatar
 
Posts: 651 since Aug 2009
Thanks: 321 given, 605 received


Big Mike View Post
If this is addressed towards me, you have no idea what you are talking about. I don't live in the US. My residence is in Ecuador. However, as a citizen, I am required to pay taxes on my income -- even income earned outside of the US. The USA is the only country in the world that does this to its citizens. There is an exemption but it is only on the first 100k per year.

Your advice to "move" is completely wrong and not based on facts.

Mike

Curious - does anyone know when this slavish law has been first introduced (requiring to pay income taxes even if you don't live in the US anymore)?

Reply With Quote
 
  #57 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,220 since Jun 2009
Thanks: 628 given, 6,318 received
Forum Reputation: Legendary


gregid View Post
Curious - does anyone know when this slavish law has been first introduced (requiring to pay income taxes even if you don't live in the US anymore)?

wayyy back, it came from British Law.

Reply With Quote
 
  #58 (permalink)
Elite Member
Wrocław, Poland
 
Futures Experience: Intermediate
Platform: NinjaTrader, Racket
Favorite Futures: Ockham's razor
 
gregid's Avatar
 
Posts: 651 since Aug 2009
Thanks: 321 given, 605 received


cory View Post
wayyy back, it came from British Law.

hmm... I though Income Tax was implemented in the US in 1913, so theoretically it should not be older than that.

Reply With Quote
 
  #59 (permalink)
Elite Member
Luxembourg, Luxembourg
 
Futures Experience: Advanced
Platform: TWS
Broker/Data: Interactive Brokers
Favorite Futures: Stocks
 
Posts: 491 since May 2012
Thanks: 1,641 given, 1,126 received


Darthtrader4beta View Post
If you don't like paying US taxes then move.

IMO if anyone is doing this I hope you do something wrong and either go to jail or get put out of business by an IRS penalty.

I'm with Charlie Munger's philosophy that people doing well in life in the US should have a moral obligation to not scrape the last dime possible.

It is not like you are going to get anything out of doing this anyway if you are successful enough to do this. You have already gained as much marginal utility from the dollar as you are going to get. At that point fanning the flames of avarice is just a bad strategy for your own personal well being. It is like a sex addict or alcoholic thinking that more sex and alcohol will lead to greater happiness. Duh.

Pay your taxes, enjoy the fire department and the roads and try donating to something that is not a tax strategy.

Every person should consider the best legal way to minimize their taxes. As an example, please refer to the following link to Jim Rohrbach's performance numbers for his newsletter - Historical Results | Stock Market Timing and Alerts | Investment Models. You will note that using his best results, an initial investment of $10,000 grows to $9,233,423 during the 43-year period. Now, you can pretty easily take those numbers into excel and calculate the effect of taxes on your portfolio. Using a 40% tax rate, I get to a final number of $647,669. Not quite as impressive anymore...

In the above example, I could set up a company and reduce my tax rate to 30% until I start withdrawing money. Lets say I keep all my money in a company, once I retire I can effectively determine my tax rate by varying the amount of salary / dividends I withdraw. At a 30% tax rate, the amount grows to $1,288,907 during the same period.

I don't think most people realise just how destructive taxes are to wealth-creation. In my situation, I constantly need to consider whether I want to hold a stock for six months or longer. After six months it is considered a capital gain in Luxembourg and becomes tax-free. Suddenly, a stock that has a 50% move in 2 months and then goes sideways for 4 months can still be quite attractive...

Reply With Quote
The following 2 users say Thank You to grausch for this post:
 
  #60 (permalink)
Trading Apprentice
Cookeville, TN
 
Futures Experience: Advanced
Platform: R|Trader, Thinkorswim
Favorite Futures: CL, RB, 6E, ZB, DX
 
Posts: 41 since Oct 2011
Thanks: 10 given, 15 received


Mike,
I assume you've seen this info whilst considering renunciation, but just in case:

"The American Jobs Creation act of 2004 amended Section 877 again.[8] Under the new law, any individual who had a net worth of $2 million or an average income tax liability of $139,000 for the five previous years[9] who renounces his or her citizenship is automatically assumed to have done so for tax avoidance reasons and is subject to additional taxes. Furthermore, with certain exceptions covered expatriates who spend at least 31 days in the United States in any year during the 10-year period following expatriation were subject to US taxation as if they were U.S. citizens or resident aliens."
(source: Wikipedia's article on 'Expatriation Tax' ...extra grain of salt needed )

Elsewhere, a bit more recent, though still outdated figure of $145k as of 2010 for US income tax liability is listed...see renunciationguide[dot]com page titled "Exit tax on renunciants." (I am not affiliated with that site in any way, so no promotion of it or any services/links to services is intended.)


Last edited by ClutchAce; October 31st, 2015 at 05:38 PM. Reason: formatting
Reply With Quote
The following 2 users say Thank You to ClutchAce for this post:

Reply



futures io > > > Offshore Banking and Asset Protection, Offshore Trading

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Microsoft avoids $30billion in taxes by keeping $93billion offshore kbit News and Current Events 0 August 23rd, 2014 11:33 AM
Senate rejects GOP bill to expand, speed up offshore drilling kbit News and Current Events 0 May 19th, 2011 12:59 PM


All times are GMT -4. The time now is 11:09 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-18 in 0.16 seconds with 20 queries on phoenix via your IP 54.226.113.250