Cable Update (GBPUSD)

Quoting Mitiblotch

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{quote} Give us some time. We'll cut through it like butter, hopefully. Another major ordeal for bulls is that 2690 is monthly pivot. Blowing past this figure and closing the month above it changes the dynamics for next month.

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Quoting dantpm

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{quote} I suggest that you need to talk to a good accountant. I doubt that they will recommend incorporation! There is extra work involved and probably not a lot of savings. Since your 'corporate income' is coming from offshore, you probably wouldn't qualify for the local income tax breaks, which max out fairly quickly!

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Quoting dantpm

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{quote} I suggest that you need to talk to a good accountant. I doubt that they will recommend incorporation! There is extra work involved and probably not a lot of savings. Since your 'corporate income' is coming from offshore, you probably wouldn't qualify for the local income tax breaks, which max out fairly quickly!

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Quoting Mitiblotch

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{quote} That's the way to go until they start monitoring those too. It's crazy that they want their hands on every single penny you make.

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Quoting HaLBot

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{quote} I'd suggest if you get very successful move to a tax haven in the Bahamas Know of at least one hugely successful trader who did just that and the way I see it the social compact(is that the right term?) has been broken and governments are spending our money in appalling ways, I could name some of the ways but not for this forum except to say a part of it involves children....

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Quoting navk

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{quote} There are 3 categories I heard. 1. Trading fir income. Like day trader. They are taxes like regular income of an employees. Tax concessions of course are rental sharing, utilities etc. 2. Trading like Investor. In this case 50 % profit is taxed at the rate based on income slab 3. Incorporation In this case tax @ 15 % Bur one needs to pay hst 13 % What is your suggestion?

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Quoting dantpm

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{quote} 1. benefits from cost sharing for your business - not worth it! 2. you are taxed 2x on the income, once in the company and once when you withdraw profits. savings minimal from trading income if any. 3. same as 2! See the cottage idea. 'Tax savings' pay for the 2nd home in a few of years!

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Quoting MrFanciful

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{quote} In the UK, if you put loads of your company profits in your pension as a company contribution, you don't pay income tax or National Insurance (social security) on it.

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Quoting dantpm

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{quote} Which is a great tax deferral scheme! You are taxed on the income when it comes out of the pension. The 2nd home / cottage idea avoids taxation where you are taxed on residency and can have a split residency that results in no required local tax payments. You could also just live in a place where they only tax territorial income.

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Quoting HaLBot

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If this hourly candle had remained green we were going over 2700 on next hourly IMO Could still happen of course.... {image}

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Quoting Headland

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...is it an ascending triangle (of sorts) on 1hr? 1hr below {image}

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Quoting hamedsna

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gbpjpy h4 {image}

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