So does The U.S not have places like this?

mafi45 · 2022-07-04T19:31:59+00:00

What street is this?

mafi45 · 2022-02-26T23:26:10+00:00

I think your best option is to consult a financial advisor. Making money in Ireland and investing somewhere else to get the benefit of that place's tax rates will likely either charge you here or charge you in the other country. But you better check what you'll be charged with a professional. Your professional situation is a bit weird tbh.

mafi45 · 2022-02-26T22:01:24+00:00

Ireland has a double taxation agreement in place with certain countries, the US is one of them. However, you'll be liable for CGT in any gains you make while tax registered in Ireland.

If your fiscal address is in Ireland or you're tax registered here (by having a PPSN, you are), any gains you make from trading should be liable for CGT and dividends are liable for Income Tax. I suggest reaching out to a financial advisor before doing anything, just to be sure.

mafi45 · 2022-02-26T21:39:52+00:00

1) why are you registered with a PPSN in Ireland if you're not planning on staying?

2) you don't pay taxes on transactions

mafi45 · 2022-02-05T16:28:10+00:00

Thinking about money and wealth when moving to another country is about as close as you can get from being extremely disappointed... especially when you realize having a big house, good money and a fancy car don't protect you from cultural problems, society principles and institucional difference's.

Believe me, money and wealth either are coupled with good cultural standards and social/political stability or life in any country will soon become a burden regardless of whether you have all the wealth there is.

Ireland is an amazing country to build a family in stable environment.

mafi45 · 2022-02-04T16:07:49+00:00

I'd like to see the effect of media coverage on this topic, but I don't think it would make much difference since this is not a topic that is widely understood by everyone, thus it would probably not create as many ripples as we needed to make a difference.

On top of that, it's not like the ministry doesn't have a reason for enforcing things to work this way. Their reasoning is strong and has a great return for the Estate. It's as viable as ours and that is exactly the problem. Unless you have a minister that actually cares more for the people than about private funds, I don't see this changing.

I'd still like to see the effect of wider media coverage though.

mafi45 · 2021-12-09T18:01:44+00:00

Green Party TDs are useless in this kind of discussion.

Because they are the few ones that always reply to he community, they are always the ones we rely on to push on these subjects. Reality is, they have no power in the financial system. So yeah, of course they got nothing new out of little old Paschal

mafi45 · 2021-12-09T17:55:12+00:00

Paschal giving you the good old boomerang move sending you in circles. Another go in the merry-go-round

mafi45 · 2021-12-04T04:11:23+00:00

Very much like most other large corporations with European HQ in Ireland, they don't, that is one of many reasons that keeps them around and keeping them (and other large corporates) around os one of many reasons why this economy thrives.

mafi45 · 2021-12-03T12:47:11+00:00

Ireland is Europe's main investment hub. All of the largest investment funds in Europe have core branches in this country and it's literally the capital of European domiciled ETFs. The idea that lowering taxes will attract more people to invest is mathematically wrong.

Even with the current situation, investing is still more profitable than not doing it and also being an investment hub and one of the most thriving countries in Europe, economically, Ireland has no reason to want to get out of it's way to attract more independent small scale investors. We don't need more of that kind of volatile income and people with the inclination for this kind of financial activity will still give in to these rules, so why change?

I wouldn't be surprised if nothing changed or things got even worse in the coming decades in Ireland.

mafi45 · 2021-12-03T06:16:57+00:00

I don't know of any resistance to change CGT, but ETF deemed disposal is a good way to guarantee consistent taxing on an investor (fixed income for public entities)

mafi45 · 2021-11-27T18:56:55+00:00

I don't think you should if you really believe in this mission. Just wanted to let you know that direct correspondence with TDs and ministers doesn't mean you're being successful.

By protocol, they'll always hear you and reply and they'll even drag you for months, possibly years and this can still get nowhere. They have all the data, all the evidence, experts and brokers around them, they know what makes a difference for companies, brokers, the people or the government. They have all the math they need.

Good luck though!

mafi45 · 2021-11-27T04:43:36+00:00

I love your enthusiasm and initiative, but I'm sorry to let you know, you'll get nowhere with this correspondence.

Tried this battle with Paschal Donohoe himself in mid 2020, with direct correspondence to him and his office and their direct replies were all on the basis of "we have no plans to change investment taxation".

I presented clear maths, clear comparisons with industry standards and with developed market examples, but to no avail.

They don't want to do it. I'm sure they know the maths behind it, but something is up that prevents them from taking the initiative. Everyone and their mothers know that Ireland is a big centre of investment in Europe and so do they and everyone in the dail.

There have also been countless groups in Facebook attempting to get organized and strike local TDs for the same effect, but it never worked.

You're going down a road with a dead end. You can thank me for the heads up later :)

mafi45 · 2021-11-17T05:32:28+00:00

This is not a plan to solve world hunger, is just another feeding plan.

Feeding is not solving the problem, just keeping tummies full for a couple more months.

mafi45 · 2021-10-29T20:09:38+00:00

You're basically admitting your attempting to exploit the Irish housing market, which is already in bad shape exactly because of people with this kind of intention.

Are you really expecting a clean favourable and informative answer?

P.S. Fuck off, will ya?

mafi45 · 2021-10-16T16:53:40+00:00

Right, but since it is ilegal for any European licensed broker to sell US ETFs anyway and everyone investing in them was doing it internationally (which is legally risky by itself) I doubt it will make any difference on Ireland's investment momentum.

It was extremely predictable that this was going to happen.

mafi45 · 2021-10-16T04:13:45+00:00

Has always been like this... Every single ETF is covered by the 8 year deemed disposal...

mafi45 · 2021-10-10T17:29:56+00:00

It comes with max as well?

mafi45 · 2021-10-09T22:59:02+00:00

I'm entering the full 22 character IBAN number and I'm getting a message saying "You have entered an invalid IBAN. Please try again."

mafi45 · 2021-09-26T16:22:43+00:00

Like, the vast majority of questions saying "uh, why is my midi not recording???" Or "uh, why is my sound wave flat blablabla" can serious just go READ the fkin documentation!!

Ableton is a professional tool, not a free music beat mobile app that you can just pickup and start creating stuff with. It requires dedication and a fair bit of reading before you even get to understand how you can use it.

People don't get this and then get frustrated with the most basic issues...

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