[siimtalvik]

In Estonia(within Europe) we have this awesome "investment account" system where you make a separate bank account and the tax system is simplified for that account.

Any money you put in, can be taken out without paying any taxes.

Once you've taken out more than you paid in, you just pay income tax and that's it.

You report your "paid in" and "paid out" sum(to/from that one account) to the tax office yearly.

Really makes the whole process simple and adaptable to any investment model.