As we have investors from all over Europe (inc. UK), have you ever consider creating a company for tax optimization?
Mainly for investing, but can it even can include everyday expenses to offset the profits, such car expenses, insurances (car, home, health, life) mortgages & other credits, energy & utilities (electricity, natural gas, water, waste), furniture, home appliances, electronics, IT, other high ticket items, etc.
Using for example, the company credit/debit card to buy the stuff you need (e.g. a Rolex, or a 2nd/3rd/4th LCD for trading, or a XBOX/Playstation + 90’ 8K UHDTV for gaming, ).
You can rent a room in your house to your company as the office/headquarters.
Even your company paying for your drinks and nights out.
And so on…
Legally reducing the tax bill, is a way of saving money, to invest or consume more.
In some countries the corporate taxes are lower than personal taxes.
Other advantages, includes inheritance purposes, and reducing the inheritance taxes.
Legal forms, could be creating a family trust (UK) or creating “family office” (company that manages the family assets) or a “regular” company, in your country or outside it,
It would interesting to discuss the alternatives in each country, for nationals and foreigners.
Thanks to the growing digitalization, the world is smaller, the access to foreign countries is cheaper and more democratized. All without leaving the home country.
For example, the Deloitte’s Withholding Tax Rates:
Rates are statutory domestic rates that apply to payments from a source jurisdiction to nonresident companies without a permanent establishment in that source jurisdiction.