How many stock traders aim to leave the country to avoid taxes?
Apparently if you're out of the country for more than 6 months you can be deemed a non-resident and don't have to pay tax on any investment profits.
I should have said that once you're out of the country for 6 months you will be deemed a non-resident from the moment you left.
Of course one can't have any ties here like property, etc. Imagine somebody that is retiring soon and has basically all their income come from their investments. If they have anything sizable they are going to lose a big chunk to tax. They also read about how cheap life is in some tropical countries. Cheaper and tax free. Powerful incentives. But it doesn't have to be just for retired people. Younger traders have less ties and want to explore the world. Trading may give them an income they can live off, especially if they're spending most of their time in cheap countries of which there are many. Probably middle aged people are the least likely to do this because of extensive ties, kids in school, work commitments, etc. But after the kids have left the nest possibilities open up.
We all hate taxes, we all would like to spend much less on living costs, most of us would prefer tropical weather to Canadian winters....yet you don't see much of this. Maybe very few people can actually subsist on their trading profits and need employment income as well.