Stephen English teacher

Students feedbacks :

• bonne formation

  

  Il faut bien choisir son prof et ne pas hésiter à changer.

  - Bénédicte

• Very good first contact

  

  Yes, swing trading is less demanding so as there is a price for everything, traders who does not want to live like machines in front of their screens but want to have a family lifestyle and have time for their loved ones, they generally are used to not do day trading but there are exceptions like everywhere. La Reunion is not part of the plan for the financial structure or residency but i have no red signal about not going there for vacations or so. There are countries which i take interest into, it's just they're not part of a profesional activities structure. For example, i want to spend time in costa-rica are south east asia; Australia and New zealand are also in my list. USA is Nationality-based taxation, this kind of taxation is very uncommon, and only applies to two States: the US and Eritrea which is the second country i was searching for. Nationality-based taxation involves taxing your income in your country of origin, wherever you live. You can only avoid paying taxes by renouncing your nationality. This is why second passports are so attractive, especially for US citizens; they have to pay taxes on the income they earn anywhere in the world, in regular instalments, to the tax authorities of their country’s tax office, wherever they live. For our future discussions, i give here briefly the other taxations systems : Another tax system is Residence-based taxation which is a little more permissive (i was searching this word along with "demanding"). Your global income is taxed and you have to pay social security in the country. As long as there are no international tax laws, you can establish and manage companies abroad with no complications. If these laws do exist, you may have to bear certain requirements in mind, such as opening subsidiaries and local offices that justify the existence of your foreign company. Another more permissive tax residence system is Special tax schemes. In general they derive from Residence-based taxation, they customized their rules. Generally, these schemes offer the chance to apply territorial taxation or a fixed rate of local taxes. I won't discuss this much because it's a case by case study. If you want an example, there Cyprus or Portugal we talked about but their program is a temporary one before you get into a normal program ten years later. The, we have the Non-dom system. In this, we have countries like Malta, ireland, thailand, barbados, uk... Compared to other States within the territorial taxation system, we have to keep in mind that the non-doms will always have to pay social security, will have less flexibility and usually will have to spend at least half the year in the State to maintain their status. Malta and Cyprus usually take these rules less seriously than other countries. Non-dom States offer freedom from a tax burden and relatively easy immigration, but they also bring with them a high cost of living and the obligation to pay social security. Then the last 2 ones and the most profitable. First Territorial taxation. Tax-free life while your income comes from abroad. In countries with territorial taxation, you can sometimes avoid Non-dom tax system restrictions but inevitably they will have worse infrastructure, plus more poverty and crime. The deciding factor is how each person weighs each of the main factors. Territorial taxation involves only taxing income from sources situated within the place you live. Income from other countries isn’t subject to local taxes. Income earned in other countries is tax-free, even when introduced into the country. Only domestic income is taxed. Often involves a minimum tax-exempt allowance. No contributions to social security on income earned abroad. Lastly, No Direct Taxation. In any case, you can’t forget that the absence of direct taxes doesn’t mean that there are no taxes at all. Usually there is a value added tax (VAT) and in many cases very high import tariffs that considerably increase the cost of living in the countries in question. You can only realistically consider emigrating to States like the Bahamas, Bahrain or the United Arab Emirates, where very successful business-owners continue to be welcomed. Neither taxes nor social security are paid. Living costs are generally quite high. These States finance themselves through indirect taxes and tarifs. Here we have countries like the bahamas, Vanuatu, Cayman Islands, Qatar, Anguilla, Brunei, Saint Barthélemy, Wallis and Futuna... This was the landscape we can use to articulate discussions because lot of subjects can be discussed once the tax residence country is choosed. I noted the axe of next discussion, the advantages of these investments per country. I copy / paste this text into Stephen mailbox if that can help next discussion. See you next time.

  - Alexandre

• Cours très interessant

  

  Cours vraiment intéressant, professeur pédagogue

  - Julie BOUDET