Suppose you are a citizen of a country which considers you to have no tax obligations while you are not resident in that country (several EU countries, but not the US). Let's say that you adopt a nomadic lifestyle, staying in various different countries for a few weeks or months at a time, trading from a notebook computer in wi-fi enabled hotspots, or from Internet cafes.
In this situation, do you have any legal obligation to pay taxes on your trading profits to any government? Does the jurisdiction in which your forex broker is located have any impact on this question? (e.g. do Swiss brokers or brokers based in Caribbean tax havens offer any advantage?) What kind of banking arrangements should you make so that you have access to your funds? (e.g. would HSBC's offshore account offering simplify your life in any way?)
Thanks in advance to anyone who can shed light on this question.
P.S. I'm aware that there is a main forex tax thread, but this question is very hypothetical and seemed a little off-topic for that discussion.
In this situation, do you have any legal obligation to pay taxes on your trading profits to any government? Does the jurisdiction in which your forex broker is located have any impact on this question? (e.g. do Swiss brokers or brokers based in Caribbean tax havens offer any advantage?) What kind of banking arrangements should you make so that you have access to your funds? (e.g. would HSBC's offshore account offering simplify your life in any way?)
Thanks in advance to anyone who can shed light on this question.
P.S. I'm aware that there is a main forex tax thread, but this question is very hypothetical and seemed a little off-topic for that discussion.