Your Questions About E Trade Paper Trading

William asks…

Help picking a topic? International Relations?

I need to write a paper and it has to be about an international problem
on the rubric it says: “Choose an international event – NOT a country-specific event. ”

and in my professors email he explained it as: “You will probably find it easiest to choose an instance of conflict between two states – and then analyze this using the three levels of analysis. Examples might be militarized conflicts (i.e. wars), trade disputes, etc. To do so, you will have to identify the great power(s) at the time of the conflict, the states involved, and the key leaders.”

Can someone please give me some advice or a topic?

John answers:

Latest is apple being sued by chinese company for trademarks infringement. China IP laws are diff from other countries – apple got caught! Then HK interfered – court awarded apple. But shenzhen court across border awarded to chinese company. Now under appeal.
Check NYTIMES etc
also china’s role in WTO.
China’s interest in s-china sea – spratleys paracel. All s e asian nations agst china. Usa coming in to help – military presence in PI, VN, SG,

James asks…

Questions about the USA government!?

Where is your country located and how does its geography affect its political relationships?
What types of ideologies influence your country’s government?
Which domestic issues in your country might influence your country’s foreign policy?
Does your country belong to any intergovernmental organizations outside the UN system (e.g. NATO, OPEC, etc…?
Does your country belong to any regional organizations EU, AU, OAS, etc…?
Does your country belong to any trade organizations or agreements (e.g. North American Free Trade Agreement (NAFTA))?

Thank You so much, my paper is due Friday morning, it’ll be great if i could find some answers soon..it is 2:41 pm here right now

John answers:

1 – Located in the Northern hemisphere called North America
.
2-Open to all ideas of life style an religions with very few restriction that do not endanger any of its population
3-How the people of the country see how the lives of others on the world are being effected by another forced upon ideals
4-NATO North Atlantic Treaty Organization of countries
5-None to my knowledge
6-Originator of the North American Free Trade Agreement policy and partaker in its guide lines

Laura asks…

Libs: should we adopt Mexico’s immigration laws in an effort to show respect for their culture?

Mexico welcomes only foreigners who will be useful to Mexican society:

* Foreigners are admitted into Mexico “according to their possibilities of contributing to national progress.” (Article 32)
* Immigration officials must “ensure” that “immigrants will be useful elements for the country and that they have the necessary funds for their sustenance” and for their dependents. (Article 34)
* Foreigners may be barred from the country if their presence upsets “the equilibrium of the national demographics,” when foreigners are deemed detrimental to “economic or national interests,” when they do not behave like good citizens in their own country, when they have broken Mexican laws, and when “they are not found to be physically or mentally healthy.” (Article 37)
* The Secretary of Governance may “suspend or prohibit the admission of foreigners when he determines it to be in the national interest.” (Article 38)

Mexican authorities must keep track of every single person in the country:

* Federal, local and municipal police must cooperate with federal immigration authorities upon request, i.e., to assist in the arrests of illegal immigrants. (Article 73)
* A National Population Registry keeps track of “every single individual who comprises the population of the country,” and verifies each individual’s identity. (Articles 85 and 86)
* A national Catalog of Foreigners tracks foreign tourists and immigrants (Article 87), and assigns each individual with a unique tracking number (Article 91).

Foreigners with fake papers, or who enter the country under false pretenses, may be imprisoned:

* Foreigners with fake immigration papers may be fined or imprisoned. (Article 116)
* Foreigners who sign government documents “with a signature that is false or different from that which he normally uses” are subject to fine and imprisonment. (Article 116)

Foreigners who fail to obey the rules will be fined, deported, and/or imprisoned as felons:

* Foreigners who fail to obey a deportation order are to be punished. (Article 117)
* Foreigners who are deported from Mexico and attempt to re-enter the country without authorization can be imprisoned for up to 10 years. (Article 118)
* Foreigners who violate the terms of their visa may be sentenced to up to six years in prison (Articles 119, 120 and 121). Foreigners who misrepresent the terms of their visa while in Mexico — such as working with out a permit — can also be imprisoned.

Under Mexican law, illegal immigration is a felony. The General Law on Population says,

* “A penalty of up to two years in prison and a fine of three hundred to five thousand pesos will be imposed on the foreigner who enters the country illegally.” (Article 123)
* Foreigners with legal immigration problems may be deported from Mexico instead of being imprisoned. (Article 125)
* Foreigners who “attempt against national sovereignty or security” will be deported. (Article 126)

Mexicans who help illegal aliens enter the country are themselves considered criminals under the law:

* A Mexican who marries a foreigner with the sole objective of helping the foreigner live in the country is subject to up to five years in prison. (Article 127)
* Shipping and airline companies that bring undocumented foreigners into Mexico will be fined. (Article 132)

All of the above runs contrary to what Mexican leaders are demanding of the United States. The stark contrast between Mexico’s immigration practices versus its American immigration preachings is telling. It gives a clear picture of the Mexican government’s agenda: to have a one-way immigration relationship with the United States.

Let’s call Mexico’s bluff on its unwarranted interference in U.S. immigration policy. Let’s propose, just to make a point, that the North American Free Trade Agreement (NAFTA) member nations standardize their immigration laws by using Mexico’s own law as a model.

– yes we do have a lot of the same laws. only difference is Mexico brutally enforce theirs. in most cases illegal immigrants in Mexico are lucky if they make it to a jail cell. 60% of illegal women in Mexico are raped by Mexican government officials.

the US doesn’t need immigration reform we just need to enforce existing laws.

John answers:

Personally I think that would still be a little too soft, but it’s a good start.

Mark asks…

Tax on Forex profits in the UK?

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If you cannot be bothered to read this entire thread, please just read the paragraph below and comment on the limited information.
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I’ve read too many discussion forums on this subject and following which I have called HMRC on this issue and they said any form of forex trading, regardless of whether you have a full time 9-5 job, is regarded as trading depending on the frequency and knowledge of the subject. They said it cannot be regarded as gambling as per spread forex trades are and is therefore liable to tax and that too, income tax not capital gains tax because it is regarded as “trading“. Can someone in the UK who trades forex and has experiencing of dealing with HMRC please confirm their situation.

I have outlined my scenarios as follows:

Background to query
•I may casually on Sunday evenings, weekday evenings or occasionally during weekday lunch hours place some speculative forex positions with a currency broker to try and profit from a rise or fall in a particular currency e.g. GBP v Australian Dollar or US dollar. Most brokers will provide leverage to finance the position e.g. a £1m position will require me to put a deposit of 1% i.e. £10,000 as collateral. In addition to a profit or loss that materialises from the trade when it is closed, interest is either than earned or paid by me, depending on whether I buy the currency (going long) or sell the currency (going short). For the purpose of this example, let’s assume that the interest rate either way is £20 per day

•In terms of time spent dedicated to this “speculative currency undertaking”, it is difficult to quantify because I might place an automated limit order to buy or sell something which takes 2 minutes to do and then not look at again until I receive an email notification that the trade has executed and then place a limit order to close the trade with the target profit. Often, I may leave my iphone connected to the page that displays live information whether a transaction has been executed or not. As I have a day job, my time is devoted to that and not to currency trading. In the evenings, I may watch the prices whilst eating dinner / watching tv / playing with kids (but I am not glued to a trading screen)

•The volume of trading could be anything from £250,000 per leveraged trade to £1m per leveraged trade and positions could be opened and closed from 2 times per month to 20 times per month (I don’t think the size of the trade should matter here because the broker is funding the majority of the position, and the frequency is no different to somebody buying and selling many times on the stock market in the month be it on margin trading or outright purchase)

Could you please advise how HMRC will view the following situations in relation to tax in respect of the above:

Scenario 1
•As an employee with a full time job and my primary job/income not related to the activity of forex at all, I regard this speculation as a means of personal gain or loss. I am not a professional forex trader. I am simply a person who reads the papers, financial news and makes an informed decision and may make or lose money on the trade. I would undertake the forex trade as an outright cash (spot) transaction with the broker who would finance it i.e. not a “spread trade”. This example is no different to someone who likes to undertake equity share trading as a frequent hobby. How is any tax treatment on profit/loss made here and is it regarded as income or capital gains? Is this regarded as gambling and therefore no taxes are paid on profits and no relief can be granted against losses?

Scenario 2
•As per situation 1, except this time the transaction is undertaken as a “spread trade” which is therefore regarded as gambling and therefore not subject to either income tax or CGT (again this is not my primary job), rather than as an outright cash (spot) purchase/sale by the broker. How is any tax and relief treatment on profit/loss made here and is it regarded as income or capital gains?

Scenario 3
•If I opened a forex account in the name of my wife and I undertake all forex trading on her behalf (under her name), and her full time job is as a dentist , how is any tax treatment on profit/loss made here and is it regarded as income or capital gains?

Scenario 4
•Because technically I have a religious issue with gambling, yet current laws permit favourable tax treatment towards spread betting and gambling i.e. it is not taxable “if it is not regarding as trading and your main job”, my preference would be to undertake such position NOT via a spread trade. However, at risk of facing tax liabilities if I went the “non-spread betting route”, I don’t favour that idea either. Is there any way in which speculative forex trading (cash) can be undertaken which offers similar advantages as spread-betting but not necessarily via that route?

John answers:

HMRC have given you the advice you seek. That advice is spot on.

There are no special rules for forex trading (unless it is done by a company). The only question that needs asked is “are you trading”: are you engaged in a trading activity? That is not a simple question to answer. In its simplest, a tourist could return from holiday and convert his dollars into pounds at a better rate. That tourist has made a gain, but that is not a trading activity. On the other hand there is a person who regularly buys and sells large quantities of foreign currency with the sole purpose of realising a gain. That person is trading. There is a raft of scenarios in between. Each will fall on its own facts.

From what you say, you are without doubt trading. You are doing this on a grand scale. You are organised, and you have a profit seeking motive. It does not matter how many jobs or trades you have. If what you do on the foreign exchange is a trade, then the profits will be taxable (and your losses will be relievable).

Tax is charged on the profits of a trade. The person liable to pay the tax is the person who is entitled to the profits. It doesn’t matter whose name the account is in. It will still be you who his entitled to the profits, and liable to the tax.

A person who makes model boats and sells them at a Sunday market may be fulfilling a hobby, but is also trading. Again. Although doing it for enjoyment, he is also doing it to make money. Similarly a professional golfer cannot claim that his earnings are not from a trade because golf is also his hobby.

There is no law that prevents gambling from being a trade. The law defines a trade as “every trade, manufacture, adventure or concern in the nature of trade.” The courts decided that gambling did not fit that description. That makes perfect sense because if it were a trade every gambler would be able to set his losses against tax. There are more losses than winnings in the gambling world.

Betty asks…

Please Help! I need legal advice. Not sure where to start.?

My husband purchased a 2009 TNG LS 49 scooter in January of this year from a local scooter dealer (whom has now skipped town to relocate his business to a new city) when he purchased it he also purchased the 2 year warranty. Within hours of having the scooter it began leaking oil from the tail pipe, the dealer picked it up and claimed to have fixed it. When he got on the scooter again it still continued to leak oil and produce large amounts of white smoke. He then had the dealer pick it up again and was given a loaner. The loaner (valued the same as the original) was in much better condition and ran better. He then asked the dealer if we could trade the scooters out. The dealer agreed and he kept the loaner scooter, in which we NEVER received real license plates for. After having the scooter a little over a month he decided to upgrade by trading in his scooter to the same dealer with a bit more cash. This time it was a 2009 TNG Grand Sport 150cc fresh out of the box. The first scooter was never in working order for much further than the parking lot. We took it back to the dealer and he worked on it for over a week. When my husband picked it up it was in the same condition as it was before, this is after they claimed to have gotten in running properly. They never could figure out what was wrong with that particular scooter and my husband never was able to get it out of the parking lot. My husband decided to go with a different color that was already on the sales floor to lessen the time of waiting on another one. It took several tries to get this one at the correct idle and such. For the most part the scooter has ran good. However, when my husband changes the oil, pieces of gasket come out and he has had to replace two spark plugs. About 2 months ago, the horn stopped working and the lights within the panel have a short in them to where they flicker. The dealer has blown off my husband every time he has tried to ask about finding the gasket in the oil. When the scooter store was still up and running, my husband went in to let the owner know about the horn and lights, and was told that it was no big deal and that we could get to that later. Finally the time came that the paper tags were expired and this is where the fun begins. We NEVER received the real plates. We began trying to contact the dealer to get new plates…..ALL phone numbers that he owned (including ones for his other businesses in other towns) were disconnected and the store was shut down. There was always a “WILL BE BACK” sign on the door or some type of note. I personally went by the store one day to see if there was someone there, this is when I discovered that there were no working numbers. I then proceeded to try and find an e-mail address for the owner. I took a chance and e-mailed one of the employees e-mail addresses that was listed on the website. I have documentation of all e-mail correspondence. To my surprise the owner emailed me back within about 15 minutes. He proceeded to tell me that they were in the process of trying to find another location closer to campus (later found out that it was all lies) and that the phone number had changed, he gave me the number. At this point, I had hope. He then told me that the tags for the scooter would be in our mail by Friday (this was a Monday). My husband could not drive his scooter because of the expired paper plates. I then emailed the dealer once more to see if we could get new temporary tags so that he could at least get around on his scooter. Instead of the tags coming in the mail, my husband had to meet him at the courthouse to get them. After this was finally taken care of, I contacted him once again through email to see about getting the horn, lights, and broken mirror fixed. He then gave us his cell phone number. We made arrangements to meet up with him one morning and he did not show. After a few more failed attempts to meet, we finally were able to get something set up. He had the scooter for a few days and said that he had ordered parts and it would be 10-14 business days until they would arrive (It has now been almost 3 weeks). In the mean time, he cleared out his store, his house is for sale, an article about him has been placed in the newspaper about how he’s skipping town, and it seems now that he has moved out of his house. By leaving town, he has violated a number of things with the city we live in by shutting down his business in which he the city had applied for a grant in order for him to have his business. No response to my text messages and his e-mail address has been cancelled. We are only 6 months into our 2-year warranty. He is supposedly opening another location and factory in the Austin, Tx area, which is about 5 hours from here. This purchase has turned out to be the worst purchase we have ever made and would like to see something come of this. We can’t afford to drive 5 hours anytime there is something that needs fixed on the scooter, and there

John answers:

I’m sorry but no one here reads anything that long. Try again and put the story in 10 lines.

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