PipStop

The goverment, wherever you live is often smarter than we all give credit for. I've had numerous conversations with traders over the years on how their view of taxes in relation to their trading account. 

I've definitely heard some scary opinions. I hope all of you are doing things lawfully. Is it really worth risking it? I came across an intersting article recently in the Financial Times. As many of you may know I'm a subscriber to the print edition, although it comes very sporadically. Earlier this week, for example, I received my Oct. 1 edition. Last week I received editions dated in September, October, and November. Go figure. It is a free subscription for me and it is a very good publication, which incidentally (I received an email today) has loosened its online version, which means you can now explore alot more of their archives and features than ever before.

The Oct. 18 article is entitled "Secrecy is Still Possible - Just" and covers global tax havens and a synopsis of the evolution of the demand for people to put their money where they can "hide" it. It's interesting insight.