Hello Haim, <<(If I recall correctly several years ago TJ bought PHELPS DODGE and wrote puts on the stock, he made nice financial gains at the time and paid taxes on his gains – but PD stock price did not cover the devaluation of the fiat money v. the price of copper – so he got rich in paper and lost in real buying power.)>>
... a clarification ... HK folks are not tax payers, because we believe in and uphold the standard for true economic freedom, which then leads to happiness
for individuals, only salary above USD 2x,xxx per annum is taxed
... dividend, cap gains, interest, option premium, gambling winning, off shore sourced income (corporate and personal) are tax free
so, for bussiness owners, salaries are never paid above the magic number, so that dividends can be distributed
and if the business generates income most from off-shore clients, supplied by off-shore facilities (office, factories, whatever), then the business is also not taxed
i call the schema win-win :0)
Message 23078237 "HONG KONG tops survey of world's richest" is so for obviously good reasons |
