Go Curry Cracker Forum

Go Curry Cracker => Taxes => Topic started by: anisotropy on February 25, 2018, 10:33:19 PM

Title: I heard TW has no cap-gain taxes on stocks
Post by: anisotropy on February 25, 2018, 10:33:19 PM
Hi Jeremy,

I am sure you know this already, apparently TW has no cap-gain taxes on stocks (even though they tax dividends). Have you looked into possibly moving investment accounts over there?

We are Canadians and have been FIRE'd for ~two years, currently all of our accounts are in Canada. I was born in TW so I could potentially move back...

Thanks.
Title: Re: I heard TW has no cap-gain taxes on stocks
Post by: gocurrycracker on February 26, 2018, 04:37:13 AM
even better, they don't tax non-Taiwan sourced income
Title: Re: I heard TW has no cap-gain taxes on stocks
Post by: anisotropy on February 26, 2018, 09:44:49 AM
That's interesting. I am wondering if you are aware of any blatant shortcomings when a person moves the accounts to TW. For example, based on my very limited research, index funds seem to be more expensive if not difficult to buy in TW. Also, it seems we would not have access to NYSE or TSX listed securities. If you are aware of ways to overcome these inconveniences I would be happy to learn from you. :)

Here is what I am thinking:
In Canada, a person's income tax obligations to Canada is based on residency and not citizenship status (unlike in the US). In certain cases (ie, being a resident of a country that has tax treaty with Canada), a person may be deemed non-Canadian resident even when the person maintains significant residential ties with Canada.

Like everyone else, I am trying to optimize tax obligations. Since we FIRE'd, our tax bill went down by ~80%, alas it's not zero.

Thanks.
Title: Re: I heard TW has no cap-gain taxes on stocks
Post by: gocurrycracker on April 10, 2018, 07:00:49 PM
I haven't looked at moving assets to Taiwan so don't know anything about options/restrictions/opportunities, sorry