Worldwide Trading Tax Index [Infographic]

Emily Boswell https://brokerchooser.com 1m 345 #trade

The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.

New research can today reveal the countries with the highest tax rates for individual traders – with rates of up 33% for $2,000 profit!

The experts at BrokerChooser have analysed global trading-related tax data to reveal the countries with the best and worst tax rates for investors.

The countries with the highest tax rates for $2,000 capital gains:

1. Ireland – Local CGT Rate: 33%
At the top of the list is Ireland, where profits from trading stocks and shares are subject to a 33% capital gains tax. Dividend withholding tax is also applied, which has a lower, 25% rate.
2. Finland – Local CGT Rate: 30%
Finland ranks second in terms of capital gains tax rates. Gains up to €30,000 are taxable at the rate of 30%, while gains above that are taxed at a rate of 34%. Also, 85% of dividend income is taxable at the same rates and thresholds.
3. France – Local CGT Rate: 30%
France has also a 30% capital gains tax; this is the so-called PFU (prélèvement forfaitaire unique) or flat tax. PFU consists of a 12.8% income tax and 17.2% social tax.
4. Sweden – Local CGT Rate: 30%
The default capital gains tax rate is 30% in Sweden as well. Dividends are subject to the same tax rate.
Further findings reveal:

• 52 countries have no trading tax for a $2,000 profit from stock trading including the UK, Australia, Hong Kong, Singapore, Switzerland and the UAE, making them some of the best countries for investors to reside and maximise profits.

• The United States came relatively high in joint 21st place with tax rates of 20% for $2,000 of capital gains.

• Of the top 15 countries with the highest tax rates, 11/15 are in Europe, highlighting the continent as an expensive place for investors to live!

You can view the research in full, including the tax rates in 130 countries around the world, here.

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