The big problem in Germany, demented politicians, is why profits are taxed, the money we invest has already been taxed
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DislikedTaxing profits is normal. But taxing profits without loss deduction is insane and unconstitutional.Ignored
DislikedReally bad news for all german forex traders: The german left wing government -yes unfortunately nearly all german parties are leftist nowadays- has passed a law which will change the way how wins and losses resulting from trading derivatives (which includes forex) are treated by taxation. At the moment it is common at the end of the year to offset wins and losses in order to pay a 25% tax on the wins or zero tax when the losses were larger than the wins. After the law will be introduced it will only be possible to offset max 10.000 EUR of losses....Ignored
DislikedI think this new law is about what they call Termingeschäfte, but Forex trading with MT4 is not what they call Termingeschäfte in Germany.Ignored
DislikedHello, another limitation of our m.f. german government!! I do not know exactly whether it is enforceable in its current form. It may not be compatible with the German Basic Law. How should direct taxation work if I trade through a foreign broker? Do i miss something?? Regards..und liebe Grüße nach BerlinIgnored
Disliked{quote} waste of time and money... i do love trading forex and no restriction will never ever change this ..Ignored
DislikedThe problem is that the big boys (hedge funds etc.) are not affected ... that's a big, big scam!! only the "small " trader and investor is the big a$$...!!Ignored
Disliked{quote} What happens if total profits from winning trades are 100 000 Euro and total loss of losing trades are 100 000 Euro Total profit is 0 But what will the tax be?Ignored
Disliked{quote} "The new regulation seems to violate a number of principles of fair taxation, including the so-called performance principle and the so-called net principle. It is therefore to be hoped that the legislature may have some insight itself and the catastrophic new regulation will be overturned. On the other hand, there is also hope that lawsuits will be brought against the law change." Probably also against EU regulations or would be challenged on EU courts.Ignored
DislikedNichts wird so heiß gegessen wie es gekocht wird. Dieses Gesetz wird nicht im Bundesanzeiger veröffentlicht werden. Und selbst wenn, hat die Klage dagegen vor dem BVerfG gute Aussicht auf Erfolg. Bis dahin gilt: move your brokerage account, or better: set up a company and run your business as a professional. problem solved.Ignored
DislikedJesus...if this passes in Germany I can just see the liberal government doing the same dumb as fuck shit here in Canada...fucking morons all around. How does this even make sense to them...unreal.Ignored
Disliked{quote} It is actually MUCH WORSE, cause your "less realistic example" of 1.200.000 EUR includes leverage. Meaning, a trader might have a 10000 account, using a 50: leverage, he could easily be trading full lots, he might double his account at the end of the year, but every time he lost a full lot it starts to accumulate on taxes...if he day- trades, say he loses a lot a week on average...that´s 4 lot´s a month, 47 lots a year he will have to pay taxes on (1 lot they "forgive you").(yes they charge you tax on losses)!!!!!! He will double...Ignored
Disliked{quote} 25% of 90.000 (10000 is tax free). -22.500 And that includes LEVERAGE, for the German Government, every time you trade with leverage THAT IS WHAT YOU TRADE, the margin issue is just between you and your broker!!!Ignored
Disliked{quote} I don't get it. Why does the trader has to pay tax for losses? He has to pay for wins minus the 10.000 EUR of losses. I can't find a hint on your godmode-trader link.Ignored
Disliked{quote} I don't get it. Why does the trader has to pay tax for losses? He has to pay for wins minus the 10.000 EUR of losses. I can't find a hint on your godmode-trader link.Ignored