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Disliked{quote} In your example the calculation goes like this (I will use 'round' numbers and other simplifications): Prior to Olaf, Tom would make 90k gain and 30k loss equals 60k before tax, equals 45k after tax adjustment (=net, @25% tax). After Olaf, Tom would make 90k gain and 30k loss equals 90k immediately taxable (every win) and 80k taxable after tax adjustment (90k gain minus 10k of 30k loss), minus 20k (30k-10k) loss, equals 40k net. IMO.Ignored
Disliked{quote} I think I did, actually. It is just as I have stated already. It is not about units, but the incurring loss (net). You can exempt 10k of losses (vs gains) from tax per year and forward the rest of losses (if any). Good to read that at Oanda they believe that trading forex there is safe from lex Olaf, but we shall see in 2021..Ignored
Dislikedbut isn't your responsibility to take care of taxes when having an off-shore broker?Ignored
Disliked{quote} Please see what happens to our taxes, it will be given away. Democracy is over we have no way of doing anything about it because we are not responsible for referendums but we should choose those in berlin that's how it is with the GEZ and many other things or up to 70 work as a craftsman i'm a rooferIgnored
Disliked{quote} There is plenty you could be doing. First, take responsibility for the survival of your Trading Business. Second, and by order of the first, learn how to get your Trading Business outside the jurisdiction that treats you unfairly and take your Trading Business to a jurisdiction that does not treat you unfairly. It really is just that simple. In doing this, you take responsibility for the longevity of your Trading Business by retaining control of your Trading Business and not turning that control over to boneheaded politicians. Merely because...Ignored
Disliked{quote} The easiest for a German citizen is to "move", to Austria, EU, no hassles, and still live in Germany. Luxemburg is also an option.Ignored
DislikedThis thread was started on January 19. Since then, and thanks to the many very useful contributions, hereīs my summary. Please correct me if Iīm wrong. If you go through the thread you will find most of the information and links. -The Law has passed. -The chances of it changing in the near future are almost zero. -The consequences: Options and all Derivatives, CDF, etc. are finished (meaning unprofitable and potentially ruinous), for a professional trader, and in most cases also for a part-time trader too. -Only trading left (for the moment) is...Ignored
Disliked{quote} I don't get it. How can you trade spot forex with a leverage? Maybe I'm wrong but spot forex has a 1:1 leverage what means no leverage. Derivatives have a leverage. Can you trade stocks at spot markets with a leverage? I don't think so. What the folks from Oanda are "thinking" is irrelevant. As long as they don't get instructed by the FA they know nothing. What you can do is asking the FA if it's right that Oanda an offshore broker claims theire german clients are not affected by the new law because of.... I'm pretty sure what the answer...Ignored
Disliked{quote} Yes, you are probably right. I got 3 emails from them reassuring me that was the case though. "Dear client, Thank you for contacting OANDA. Everything that falls under Forex pairs should not be affected by this law. As they are spots." Wonder if Olaf agrees... In regards to leverage, isnīt the broker just giving you credit? I hope this thread remains alive, there's a lot of room for clarification.Ignored
Disliked{quote} + Oa... is a crap broker they will always tell you what you want to hear..Ignored
Disliked{quote} You made my day, say oanda is crap and trade with ic markets you joking?Ignored
DislikedCan you trade stocks at spot markets with a leverage? I don't think so.Ignored