tax free trading

[price777999]

wat do you think of this broker based in Gibraltar

Investors Europe - Offshore Stockbrokers with online trading platforms for FX, Futures, CFDs, Stocks, ETFs & Spreads: home

 

[price777999]

there must be someone that knows something about this broker ?

 

[BSD]

Don't know this broker specifically, but in general:

How are you going to ever trust them ?

THEY knows you're in all likelihood trying to be creative with taxes, so wouldn't THEY have the longer stick in the case of a dispute ?

Sthg to think about mate.

 

[price777999]

here is an email they sent me if anyone is interested


We work with two different banks, BPI in Portugal and Jyske Bank in Gibraltar.

Concerning the safety of your money, I think it is important to put something in writing for you as our corporate guarantees that investorseurope does not trade or take positions at an individual or company level. Saying this, I would like to take the opportunity also to confirm the financial solidity of investorseurope. This is an ongoing legal requirement which is policed by the FSC (Financial Services Commission) every 3 months. Needless to say that "IF" investorseurope were to go under, the complete and effective segregation of client monies from company monies would ring fence and protect your funds and secure them in an individual segregated account (something most brokers do not do). The FSC would then oversee all regulatory matters whilst the liquidator would return these totally segregated client monies back to their beneficial owners, after having closed any open positions. An option would probably be given to transfer positions out rather than closing them out if it were prejudicial to client's interest so to do. With electronic platforms, these positions can of course be closed out at will by the individual client.



Additionally, because we do not take positions and do not trade there can never be any conflict of interest and this is your guarantee of quality.



In terms of client protection, I enclose links to some of the protection afforded to all our clients as from the 1st of November 2007 together with the protection we provide through our insurances. Yet, more importantly, I must stress again that the effective and total segregation of client funds from company funds means peace of mind for the client so that if the worst comes to the worst his funds are in an individual segregated account that cannot be accessed except for trading purposes.



Investors Europe - Offshore Stockbrokers with online trading platforms for FX, Futures, CFDs, Stocks, ETFs & Spreads: About Us



Investors Europe - Offshore Stockbrokers with online trading platforms for FX, Futures, CFDs, Stocks, ETFs & Spreads: MiFID

Investors Europe - Offshore Stockbrokers with online trading platforms for FX, Futures, CFDs, Stocks, ETFs & Spreads: Best Execution Policy

Investors Europe - Offshore Stockbrokers with online trading platforms for FX, Futures, CFDs, Stocks, ETFs & Spreads: Conflicts Policy

Investors Europe - Offshore Stockbrokers with online trading platforms for FX, Futures, CFDs, Stocks, ETFs & Spreads: Terms & Conditions







Functions of the Commission.



http://www.gibraltarlaws.gov.gi/articles/2007-03o.pdf as quoted on: 6(1)(k)



(k) in respect of those areas of financial services business where

Community law applies, to supervise and regulate financial

services business carried on in or from Gibraltar in accordance

with Community obligations and in those areas to establish and

implement standards and supervisory practices which match

the standards and supervisory practices governing the

provision of financial services within the United Kingdom.



http://www.gibraltarlaws.gov.gi/articles/2007-03o.pdf



The bottom line is one could say that we are over insured. The most important being that your funds will be in your individual and separate account, completely segregated from investorseurope monies and other client money.



Something our clients are very aware of is of the ongoing takeover/ bailout of global banks by government. Most of these global banks have offshore branches and brokerages. Some clients have expressed concern that government intervention may put at risk the anonymity and offshore status of these banks and trading accounts. This is not so with investorseurope; we have our servers in house ensuring that client information is kept safe. Together will all its other duties the FSC also has a duty to protect the integrity of the clients that trade through Gibraltar.

 

[kwainpeter]

Tax Free Trading

Isn't it! This is the first time I heard about tax free trading. Is it really work worth full?
I would like to know clearly. Does any one recommend any sites to gather information related to this and I have already came across the links which has presented earlier and I need more than that.

 

[raysor]

If you are in the UK then it cannot be free of UK tax if applicable (CGT). It would be tax free if the profit remained offshore (I think)

 

[raysor]

If you are in the UK then it cannot be free of UK tax if applicable (CGT). It would be tax free if the profit remained offshore (I think)

 

[price777999]

If you are in the UK then it cannot be free of UK tax if applicable (CGT). It would be tax free if the profit remained offshore (I think)

so just keep it offshore and your alright you reckon......if thats the case i might as well just find a low cost broker and just keep profits offshore.

 

[raysor]

so just keep it offshore and your alright you reckon......if thats the case i might as well just find a low cost broker and just keep profits offshore.

Well one day there is going to be a day of reckoning if you are UK domiciled.

 

[price777999]

Well one day there is going to be a day of reckoning if you are UK domiciled.

there's no way a uk tax man can get his hands on a foreign account is there ?

 

[BSD]

Think he means if and when you want to repatriate your funds to your home bank account.

Unless you want to go pick em up in cash and later stow em under your mattress.

Also, lots of foreign authorities will cooperate in cases of blatant tax evasion if you leave any tracks earlier.

Best and easiest thing to do would be to just go move to and live in a low tax / no tax place if you want it all nice and legal and completely safe.

 

[BSD]

Remember the Americans tried to see if they could kidnap their tax fugitive commodities trader Marc Rich - a US citizen - from his exile in Switzerland, lol:

KING: Did you ever come close, Howard, to, as they say, nabbing him -- for want of better term, kidnapping him?

SAFIR: Well, we call them extraordinary renditions. But we...

(LAUGHTER)

KING: That is a great term.

SAFIR: Well, and we have been very successful at it. But, unfortunately, when I went to Switzerland, and we had a plan set up, the Swiss police found out about it. And, as a result of that, they told me that if we did anything, they would arrest us.
CNN Transcript - Larry King Live: Was Bill Clinton's Pardon of Marc Rich Unpardonable? - February 8, 2001

Also see this:

US says it has right to kidnap British citizens

Legal experts confirmed this weekend that America viewed extradition as just one way of getting foreign suspects back to face trial. Rendition, or kidnapping, dates back to 19th-century bounty hunting and Washington believes it is still legitimate.

The US government’s view emerged during a hearing involving Stanley Tollman, a former director of Chelsea football club and a friend of Baroness Thatcher, and his wife Beatrice.

The Tollmans, who control the Red Carnation hotel group and are resident in London, are wanted in America for bank fraud and tax evasion. They have been fighting extradition through the British courts.

During a hearing last month Lord Justice Moses, one of the Court of Appeal judges, asked Alun Jones QC, representing the US government, about its treatment of Gavin, Tollman’s nephew. Gavin Tollman was the subject of an attempted abduction during a visit to Canada in 2005.
US says it has right to kidnap British citizens - Times Online

Best to remember that most governments don't take kindly to tax evasion.

 

[BSD]

From the same Times article:

In 2005, Gavin Tollman, the head of Trafalgar Tours, a holiday company, had arrived in Toronto by plane when he was arrested by Canadian immigration authorities.

An American prosecutor, who had tried and failed to extradite him from Britain, persuaded Canadian officials to detain him. He wanted the Canadians to drive Tollman to the border to be handed over. Tollman was escorted in handcuffs from the aircraft in Toronto, taken to prison and held for 10 days.

A Canadian judge ordered his release, ruling that the US Justice Department had set a “sinister trap” and wrongly bypassed extradition rules. Tollman returned to Britain.


Well done.


Legal sources said that under traditional American justice, rendition meant capturing wanted people abroad and bringing them to the United States. The term “extraordinary rendition” was coined in the 1990s for the kidnapping of terror suspects from one foreign country to another for interrogation.

There was concern this weekend from Patrick Mercer, the Tory MP, who said: “The very idea of kidnapping is repugnant to us and we must handle these cases with extreme caution and a thorough understanding of the implications in American law.”

Shami Chakrabarti, director of the human rights group Liberty, said: “This law may date back to bounty hunting days, but they should sort it out if they claim to be a civilised nation.”

The US Justice Department declined to comment.


Yup, can't have these lawless Wild West antics becoming normalcy in this day and age.

 

[raysor]

there's no way a uk tax man can get his hands on a foreign account is there ?

I am not sure, I think the rules have changed rcently. Under self-assessment you may have to declare ALL your income. Whether or not it is taxed at the time I don't know. One way people used to do it was have a discretionary trust set up. Basically this was discretionary by name only, where the owner of the money would discretely tell the trustees to pay, for example their brokers account. I believe it has all got a bit more difficult know, bringing in the laws of money laundering to counteract tax evasion/avoidance.
It would be best to consult a qualified tax accountant.

 

[BSD]

It would be best to consult a qualified tax accountant.

Absolutely.

But also absolutely not one of those dodgy offshore firms advertising in TIME every week.

I'd go with a big international firm that actually has offices and hard legal know-how in and about various jurisdictions, and what is or is not possible in the respective bilateral set-up, somebody like eg pricewaterhouse coopers.

 

[rexyu]

Is this firm of which you speak a spreadbetting firm called futuresbetting.com? Based in Gibralta it has a DMA platform. Excellent company and the future of SBing. You won't find anybody who has used them say one bad word against them. I have and wouldn't

 

[price777999]

Is this firm of which you speak a spreadbetting firm called futuresbetting.com? Based in Gibralta it has a DMA platform. Excellent company and the future of SBing. You won't find anybody who has used them say one bad word against them. I have and wouldn't

no its Investors Europe - Offshore Stockbrokers with online trading platforms for FX, Futures, CFDs, Stocks, ETFs & Spreads: home also based in Gibralta.

 

[rexyu]

Ah right. My mistake. Thanks