Going back to our friend Axel from Germany, it turns out he decided to leave Spain and become an Estonian tax resident with an Estonian LLC, so now he freelances from Tallin and pays his 22% on dividends.
As it turns out, Axel also decided to buy Tesla stock in 2019, so now he's got 500keur in his etoro account that he will transfer to his bank account and pay an inordinate amount of tax on.
Had Axel known that he was going to score it big with his stock, what could he have done differently?
I am thinking specifically:
- the right country to be a tax resident of when cashing out and while the value of the stock is rising
- the right thing do with the money right after cashing out, be it "in the right country" or "in the wrong country"
As it turns out, Axel also decided to buy Tesla stock in 2019, so now he's got 500keur in his etoro account that he will transfer to his bank account and pay an inordinate amount of tax on.
Had Axel known that he was going to score it big with his stock, what could he have done differently?
I am thinking specifically:
- the right country to be a tax resident of when cashing out and while the value of the stock is rising
- the right thing do with the money right after cashing out, be it "in the right country" or "in the wrong country"