/biz/ - Business & Finance

>>21459216
fake your death and move somewhere else

>>21459216
Whats the tax in europoorland

>>21459473
dunno, probably depends on the fucking country

>>21459473
19% in my country

>>21459216
By never cashing out
You will also be richer if you keep holding for another cycle, so you will not regret

>>21459660
Which one

>>21459216
just hold for 1 year and sell tax free

oh wait you aren't german

>>21459216
Go to Luxembourg, they have crypto ATM

>>21459784
hold 1 year after your last trade?

>>21459860
>hold 1 year after your last trade?

Hold the coin in question for one year.

>>21459473
30% in Finland. it's killing me slowly just thinking about cashing out one day in this country. Considering Malta at this point

>>21459924
can it be usdt?

>>21459216
which country specifically?

>>21459957
You pay capital gains tax to Finland for 10 years after leaving, it's so draconian it's bizarre

>>21459957
portugal seems nice.

>>21459849
How do those work?

>>21459860
>>21459924
>>21459960
it doesn't just apply to the last coin you hold but to every single transaction you did

>>21459977
Poland
>>21459784
How do I become German tax resident? Do I have to live there for 6 months?

>>21459216
You must obtain tax residence in one of these countries to avoid paying crypto cash out tax

>switzerland
>portugal
>germany (1 year hold period proof)
>malta (long term hold period proof ??)
>slovakia (long term hold period proof ??)
>slovenia (long term hold period proof ??)

Some countries just have a non specified long term period hold for 0% tax which is decided by authorities.
Anyways I would recommend Portugal or Germany. Ideally Portugal since it's the easiest to get residence, it's among the cheaper countries in Eu and has a great climate.

>>21460038
WTF? So if you move to Portugal or something and you're a Finnish citizen you have keep paying them tax for profits you make in Portugal?

>>21459957
How does the Malta escape plan actually work?

Has anyone researched this?

Thinking the same. Finland here, 30% tax on crypto.

>>21460090
this, how do i become a German tax resident ?

>>21460090
no idea how it works in poland but in germany it's comfy, just come here for a year or something. crypto to crypto trades are taxable events, so if you buy a coin with zloty and make a profit and turn it into usdt you still have to pay taxes on crypto to usdt. no matter how long you hold the usdt. but if you just bought the crypto (or did something like zloty to eth to crypto in 1 day) and then hold for a year, it's all tax free.

>>21460165
Yes, that's how I understood it, you need to revoke your finnish citizenship then leave for 10 years in order to pay 0 tax. Call your tax office and ask for details to make sure.

>>21459216

Brehs, I was thinking about buying gold with my crypto gains (there are services that offer it) and then sell gold at a local dealership stores for fiat. There will be fees going from crypto > gold > fiat but it's still not much money lost. Is this retarded? The only problem I see is that you won't be able to spend this money because if you make a significant purchase you will have to show how you got that gold in the first place.

>>21459216
Eh Ehm
>Get ANY job in Dubai
>Get a Visa
>Open a bank account
>Cash out tax free
>Get the fuck out of Dubai
You're all welcome Anons

>>21460305
Yeah that's a huge ass problem unless you're trading baby amounts. Like I am, I only have 10 LINK.

>>21460147
So if I move from Estonia to Portugal and live there for 183 days, I'll be able to just cash out my crypto for 0% tax?

>>21460305
stop even thinking about low level shit like that, try this shit even with 5000 euros and you will get swatted

>>21460147
Do you know how it works in Malta or Portugal?
I already have EU residence.
So, if I convert all my coins to DAI or whatever and stop trading, a year later can cash out tax free?

Also, I have Dual citizenship (Sweden/Mexico). What tricks can I pull?

>>21459957
Wasn't it changed to 20% if you hold for under 10 years?

>>21459216
Don't file

>>21460259
Here is says it's 3 years.
Unless capital gains is different.
https://www.vero.fi/en/individuals/tax-cards-and-tax-returns/moving_away_from_finland/

>>21460326
Do you think emirati banks would spontaneously report to foreign governments? It would happen if they got a request, but if there is no suspicion to begin with...

>>21460508
Based

>>21460380
>>21460412

what about getting estonian e-citizenship and investing into stocks from there tax free through an estonian company?

>>21460396
why would you move? aren't the taxes in estonia pretty low already?

>>21459957
What do you hold?

Another Finn here, I'm not worried. Do you realize how amazing of a situation we are living in? Our crypto is hidden away safely in the cryptoverse. If I buy stocks, I have no way to avoid tax. With crypto, I can avoid all the taxes I possibly want.

When the time comes, just buy items online with the crypto. Hotels, flights, drugs, household items... etc. You realize gains without the taxman getting suspicious.

Now if you actually make $100k+ and you want to use something on a house, well, you'll have to move to Germany for 6 months or something I guess, not a big deal.

>>21460554
No.
I live in Dubai, that's the reason I stay.

Depends on your amount.


Over €500k, look into becoming a resident im portugal.

As you said europoor I'm guessing its less. If that's the case sign up for something like the swipe card, its an off ramp for crypto as its essentially a visa and from next week no fees.
Pay your bills / life shit with crypto and keep your wagecuck money for other shit.

Or as anon has said, hodl and wait for the next cycle

>>21460621
How about wanting to buy a house?

>>21459216
Bribe you government with LINK.

>>21460705
If you recieve a large sum of money to your account, will your bank ask questions?

>>21460467
Sweden started imprinting beaners wow
Somalis weren’t enough of a problem

>>21459216
hire a accountant and pay goy. not worth it

>>21460621
I mean don't you still have to pay the tax to the Finnish socialist commie jew government? Unless you live in Germany more than 3 years?

>>21459957
30% from 1000€ up to 30k€, above that you pay 34%, I believe the correct technical term is shit ton. I calculated that I'd need to cash home 1.53 million to have a million after taxes.

>>21460781
Depends on how large.
100k should do it.
It's a tax free country, there are also criminals coming here to do their shit with money.
I don't really think you would face problems.
Also, there are btc atms.

>>21460812
you mean IMPORTING?
A beaner knows English better than you.
Also Swedish, German and Portuguese :)

whats the tax situation in the uk like?

>>21460830
>not worth it to live here for 183 days

>>21460928
I mean you could always give the banks transaction history when they ask, as long as they dont report to the finnish government I'm good

>>21460753
don't these offramp cards usually require KYC for basically any amount worth caring about?

>>21459216
in germany you can cash out without tax after a year of hodl.

>>21459784
I wonder if Germany will start taxing crypto once it takes over...?

>>21461009
Yeah, sure.
U can always have a chat with some Pajeet in the bank, but generally, no questions asked.
The more money they move, the happier they are generally.
Anyway, go google something about it, I rly gtg to bed, been trading for 16 hours straight...
Best of luck!

>>21461041
Does transferring from exchange to wallet still count as hodling the whole time?

>>21461012
There's a $1k per month limit if you don't send in info. Unlimited if you do.
Realistically you could create 10 accounts and have $10k per month anonymously

>>21460579
I think it's about 20% or 9%. I think the 9% is for dividends so maybe staking LINK I guess.

>>21460921
What about for under $1000?

I'm poor but have some LINK, and cashing out only some 300€ worth/month would already improve my quality of life, plus I don't want to sell all my LINK too soon anyway...

Where do I read up on the finnish tax law? I've been holding for over 2 years and don't know much about the law. I only remember the times when the BTC ATMs didn't KYC shit.

These threads are huge sell signals, having said that I think poortugal is based but i'm biased because i'm from there. Prepare for some retarded shit if you move. Everything is slightly behind, for example amazon doesn't exist in portugal and you'll need to order from spain. Some QOL shit just isn't the same as countries like the UK or Germany, you're basically moving to the second world. It's improving rapidly tho and most cities are being renovated so fags like you can buy golden visa apartments.

>>21461371

How do you acquire portugal residency so you can cash out? Is cash out really tax free for foreigners there?

>>21461411
https://www.goldenvisas.com/portugal

>>21461411
It depends on your own citizenship. EU citizens should be daijoubu after six months.

>>21461490

Thanks based portugal bro, can I fuck off from your country after I cash out or do you need to stay there for some time?

ON THIS TOPIC

Anons, what about the belarus? Apparently there are also no taxes on crypto gains

>>21461490
>>21461520

>An investment of €500,000 (or €350,000 reduced option) in real estate in Portugal will gain a residency permit for a family including dependent children. The golden visa can be renewed every two years providing the applicant spends two weeks in the country every two years.

Fuck no, that's too much money to be invested in Portugal. Seems like a no go for me.

>>21461560
you need to stay two weeks a year in the country and hold the purchase for 5 years.

>>21461144
Yes. You can move your shitcoins around as you please. Only thing that counts is selling for another coin or fiat.

>>21461599
Dude, just "retire" there if you're an EU citizen.

>If you have retired to another EU country and spend more than 6 months a year there, that country may consider you a tax-resident. If so, you may have to pay tax to that country on your total worldwide income - including pensions you receive from other EU countries.

https://europa.eu/youreurope/citizens/work/taxes/double-taxation/index_en.htm

>>21461605
>>21461663

Thanks for the tips, but I can't afford that as my family is here and I want to be close to them. I'm looking for a country where I can cash out and then fuck off from there back home as quick as possible.

0 in italy if u profit withdraw under 50k

>>21461625
But how will you prove when you originally bought it, if you've bought altcoins on some crappy website that has gone bust by now for example?
Also how much tax if you hold less than a year?

>>21461599
you would be buying a luxury home in the center of a major city, probably one of the safest investments anyone can make for the price of a luxury car.

>>21461718
how often can you do that per year?

What about these two

Belarus
In an Eastern European country, Belarus, a new law, which came into force in March 2018, legalised cryptocurrencies. With their legalisation, individuals and companies were exempted from any form of taxation of transactions and trade in digital financial assets. This law will be in force at least until 2023.

Mining or trade in cryptocurrencies is treated as a personal investment and therefore not subject to taxation. Registered companies, operating in the Special Economic Zone of High Technologies Park near Minsk, engaged in mining, trading or offering ICOs, do not have to pay taxes either.

Slovenia
In the case of Slovenia, the tax system for individuals and companies related to BTC is completely different. Although citizens do not obtain capital gains from the sale of BTC, they still have to pay income tax irrespective of the currency exchanged. Companies that receive payments in Bitcoin or intend to extract themselves are obliged to pay tax at fixed rates.

The taxation of companies "depends on the circumstances of the case and the information given in the tax return. If income is considered as capital gains, the tax is 19%". - say the experts.

>>21461725
Yeah but I don't want to live in Portugal or anywhere else, read this >>21461708

I hope you all realise that in the current climate with everything that's happening just now, the UBI that's around the corner WITH an impending bull run end of '21.... they're going to go out of their way to increase tax on crypto exponentially. You might pay 30% now but expect 50% minimum by then.

>>21459957
>>21460038
>>21460165
>>21460196
>>21460259
>>21460547
It is actually effectively 4 years
The year you move and 3 years after that.
And no, you can't avoid it unless you renounce citizenship. And no, you cannot renounce citizenship unless you already have another citizenship

t. tietäjä

>>21461914
Looks like your linkies gonna be paying for lazy alcoholics and niggers then. D:

>>21461796
read the website i linked you need to spend 2 weeks in the country every two years and you can cash out.

>>21461914
Maybe I should start voting for Kokoomus.
Or become a refugee.

Anyone know how crypto tax works in Asia? Japan, Korea, Hong Kong, Taiwan.

I live in Finland.

There are BitCoin ATMs in Estonia. If I go an take cash from an Estonian BTC ATM, then how would finnish taxers know of my withdrawal? Will the Estonian govt inform the Finnish govt?

>>21461721
You just state in your tax report when and where you bought (and at what price). Don't know what happens if the tax authorities demand proof, though.
Your tax rate depends on various factors, like your income or if you're married etc.

>>21459660
>>21460396
Don't be stupid EE frens, you absolutely should not even worry about it since you have so low tax rates.


>>21460554
Yes, they obviously do. They are all part of the CRS/AEOI mafia. Or FATCA if you are american

>>21460467
>Also, I have Dual citizenship (Sweden/Mexico). What tricks can I pull?
None really, Swe taxes you 10 years after leaving

>>21462093
Do you need like a special crypto credit card, like Paypal or something to withdraw from them?

Is it true for the Uk that more than 50k is 40%?

>>21462010
>>21462091
Well I already have been living abroad for many years so I'm finally free. But I didn't buy link unfortunately so nothing to cash out as of now

Hong Kong should be tax free on cap gains

>>21462093
Is there ID verification on the ATM? Are you sure the fees are not like 10%+ like they at least used to be on the Finnish ATMs

>>21462126
>Swe taxes you 10 years after leaving
They're not even trying to hide that you're nothing but tax cattle for politicians to abuse.

>>21462211
UK is any profit <12k per year is non taxable. Anything about that is subject to capital gains tax which is the same tax percentage you would pay to an employer. Does the tax bracket go up at 50k? Poorfag 20% bracket here

>>21462314
This makes me as sad for the Svantes as the fact that they're being systematically raped. Still Finns aren't much better off than them.

>>21462237
HK might be a good option.

>>21462211
>>21462469

just looked it up. fuck, it does. this cucked country.

fuck fuck fuck

>>21462469
anything ABOVE that*

>>21459216
Live in Germany.
Selling after holding 1 year is tax free.

>>21462211
wait hold on, looks like the brackets for capital aren't the same as employment tax:

10% (18% for residential property) for your entire capital gain if your overall annual income is below £50,000.
20% (28% for residential property) for your entire capital gain if your overall annual income is above the £50,000 threshold.

>>21460147
Also Jersey

>>21462314
>>21462508
based on skatteverkets website it's actually just that you may be forced to pay Swedish taxes for five years after leaving the country- whether you are or not is decided on a case-by-case basis depending on how "strong" your connection to Sweden is.
There is also a big list of countries with special rules. With enough money I'm sure you can hire a jew with deep knowledge of this shit.
No clue where you got the ten years from.

>>21462614
such a dumb rule it just fucks over timing

>>21459216
Your police don't even carry guns. How is your government going to make you do anything?

>>21461914
Id rather live 4 years in portugal than give this government single fucking euro

>>21462237
This page describes Estonian ATMs
https://coinatmradar.com/blog/how-to-sell-bitcoins-using-bitcoin-atm/
It says you generally need to verify your identity somehow, but BATMThree seems like you only have to give them your phone number. If you buy a prepaid SIM card, and possibly a burner phone, then use them to get money, wouldn't that be a way to withdraw money without having to verify your indentity?

>>21462983
Same here.

>>21462126
>Swe taxes you 10 years after leaving
It's actually up to 10 years, so it depends on the country. Several in Europe have 0 years. Portugal has 5.

>>21459216
You don't.
You PAY your taxes.
Way better than getting getting in trouble with them (gov). They could literally extract you from any country if they want too... and your life will be fucked. Why bother?

>>21462916
yeah also many people fall for it because they think it only applies to the last coin you hold

>>21463225
how does it work then, i dont get it

I don't have a problem paying up to 1/4 of my gains to the government
The thing is: how am I going to prove I got all this money on a fucking pink unicorn website?

>>21460305
never works unless you pay cash for everything but the minute you drop money in your bank account the jews will sniff you out like blood hounds

>>21463207
It's better to pay 20-30% taxes on the gains... than always wondering if someone is on to you and ending up with nothing at all.

>>21463254
for example:
>buy bitcoin with euro
>buy shitcoin with bitcoin
>sell shitcoin for bitcoin again after making money but less than 1 year passed
>hold bitcoin for a year
you would still need to pay the taxes on your profit from shitcoin/bitcoin

>>21463293
Those 20-30% are not yours to begin with.
That's how you should think.

Move to the superior european country - Portugal

>>21463392
On the plus side... if you LOSE money in crypto you will get back 20-30% (by paying less taxes)

>>21463392
>Those 20-30% are not yours to begin with.
Except they are and somebody with guns tells you that they aren't.

>>21462910
>>21463188
Oh I see it depends on the country. I just remember a Swedish guy told me it was 10

>>21462983
>>21463105
Go for it anons, as long as you know you want to live there.

Ulkomailla paljon comfympi anyway

Anyone know how it is in Austria?

>>21463453
No, they are absolutely NOT.
That's how civilization works, and without civilization, you wouldn't be able to trade at all.

>>21463518
They are 100% mine and somebody forces me to hand them over under pain of imprisonment or death. That is an undeniable fact and it's not just.

>>21463518
This is how Greece got fucked.
Everyone trying to avoid paying their taxes.

If you bought the coins in Sweden (or wherever the fuck you are), wouldn't you be viable to pay taxes there even if you leave?

>>21463564
Wrong. 20-30% is NOT yours.

>>21463567
What about Portugal? they have low ass tax on crypto.

UK anon here, can someone confirm that my Capital Gains Tax rate on crypto profits will only be 10% if my salary is only 28500 annual?

>>21460147
Bro im a portuguese citizen but im living and working in the uk and i paid for my crypto with money i made here, how does it work for me then

>>21463573
That depends on where you go and how long you stay. In some cases, you can avoid it completely.

>>21463573
No, it's about nationality. You pay taxes on your gains in YOUR country.

>>21463602
They are and you can't have them.

>>21463620
Or would my crypto gains be countes as 'income' so I'd be due 20%? Confused as to how this works

>>21459957
Buy vanuatuan passport for 130k, renounce nigger party country citizenship, enjoy coke and hookers lol. Or move to portugal and apply for a limited tax with finnish taxniggers office. FUCK TAXES FUCK NIGGERS FUCK COMMIES FUCK TRANNIES FUCK GREENS

>>21463614
That could change any minute.

Paying taxes is a GOOD thing, and it will make life much easier than trying to hide it (and be "on the run")

>>21463703
Based as fuck.

>>21463672
Then you are STEALING (and your life will be fucked if they catch on to you).

>>21463777
No. Stop telling people falsehoods, commie.

How the FUCK is Boone mentioning The NETHERLANDS?

IN THE NETHERLANDS YOU ONLY GET TAXED ON THE CAPITAL YOU HAVE AT THE END OF THE YEAR AT AROUND 1.5%

Yes you read that right. You pay NO tax when withdrawing your capital from crypto to euro. Only a measly 1.5% (usually even less) on your total capital at the end of every year.

Holland is called a tax haven for a reason anons...

>>21463795
Paying taxes is not a "commie" thing... it's a CIVILIZED thing.

>>21463732
or you can just do what rich people do and avoid the taxes without being on the run

>>21463732
I agree, if I made it I would pay my taxes. Only billionaires can avoid taxes and sleep comfortably. However the % to pay is decided by the country, so this generic "20-30% is not YOURS" bullshit doesn't apply on every jurisdiction.

>>21463644
No, it's about tax residence.

>>21463625
I don't think its this easy changing tax residence. Everyone here is saying "bro just go to X" but in some countries, unless you have something like a verified job offer and your gov knows you go there to work, I think you are tied to your origin country for X years until you are freed and acquire the new tax residence in Switzerland or werever you want to move. So I don't think its as easy as moving 183 days to X and then dump your chainshit.

>>21463827

Fuck off cuck, get fucked

>>21463732
>Paying taxes is a GOOD
T. Taxman
>Paying for sandniggers' niggery lifestyle or LGBT propaganda is GOOD
If the taxes were spent in a reasonable manner, I might agree. However that's not really the case, is it?

>>21463823
Sounds based. Can I go there? I do Adsense for a living in Spain. I don't have any crypto, I just would like to pay less taxes here because in Spain I get raped. I would also like to have a nice blonde gf desu

So how will Portugal handle the huge influx of neet millionaires who got rich through a racist Malayan basket weaving forum?

>>21462126
Are you a international tax expert? You seems to be really acknowledged.
Let’s say I’m a consultant in EU (for a single company) and I want to invoice with a fishy company instead of a self employment one, what is the most fishy but absolutely legal setup?

You're not avoiding any tax liability if you continue to reside in any EU country.

My opinion is that it's better to just pay the damn tax and live a life without looking behind your back every two seconds in case the tax man has caught onto you in *insert third-world shithole here*.

I've done A LOT of research on this and read tax legislation as well as OECD treaties and it's simply not possible to get away legally. I'm not recommending this but if you don't want the tax man to catch onto you you cannot under any circumstances touch the traditional financial system as almost every institution out there automatically reports any and all transactions to your home tax authority (including Switzerland, Cayman and other traditional tax havens - look up OECD CRS and AEOI).

t. Swedish and run an online business. I'd rather not pay the extortionate tax rates here but I really like the country and I feel I have no other choice if I do not want to compromise on my quality of life.

>>21463847
It depends on where you're from and where you're going. Finding the optimal solution isn't easy, but it's possible and it's probably going to be 0%. If you're moving within the EU, it's a lot easier too.

>>21463904
If you make a wage or salary you have to pay something like 30% like every other basic country. It's only for accreud capital from investing or crypto or whatever that you will only have to pay 1.5%

So if you wanna come here to escape having to pay taxes of the profit you make from your work than you're out of luck.

>>21463951

What is your purpose with the fishy company and what kind of volume are you looking at? That is a crucial factor in designing your setup.

The most important thing is that I wouldn't mind the high taxes if they were used to promote European culture and tradition, and not LGBT nigger refugee infested shit like it's currently done

>>21463957
>>21463957
Yo what do you do for a living? What do you sell or whatever online? I monetize my traffic with Adsense thats all. I always wanted to become an Amazon Chad but seems like it's just about being lucky with the product becoming viral in the algorithm (kinda like how I hit critical mass with traffic). My niche is useless for anything other than the Ads itselves I cant sell anything, so I would need to rank within Amazon's algorithm and somehow get products placed in front of people's screens so they click buy. Only fags with massive cult followings like Logan Paul can shill merch and get sales, the 99% out there rely strictly on the algorithm. Fucking hell.

>>21464048
But you have to pay the 1.5% every year on your capital like a wealth tax?

>>21459473
here apparently it's tax free if you hodl at least one year

>>21464113
Exactly.

I made $200k When 1up token went 10X few days ago. I wanted to know how should i avoid paying taxes?

>>21463957
>You're not avoiding any tax liability if you continue to reside in any EU country.
You can't avoid tax liability. But if you move from Sweden to Portugal tomorrow and live there until 2026 when 1 LINK is worth $81,000, you'll get taxed on these prophecized gains in Portugal (0%).

>>21464048
>If you make a wage or salary you have to pay something like 30% like every other basic country.
https://www.youtube.com/watch?v=EKME4hM7Jlw

>>21463832
Well, then you should start a company.
You can't do that on a personal level without a company.

>>21464138

I don't want to give away too many details as it can lead to me being doxxed, but it's a product-oriented tech startup. I don't do Amazon and other similar ventures, sorry. My opinion is that the time and effort needed to earn some money from Amazon is better invested in building things that other people find useful as the money you can earn from that is likely to be more sustainable than the little you can earn from Amazon (which can shut you off at any time, and as you say, where you are also at the mercy of their heavily-manipulated algorithm).

No time to pay the taxes on your 1up profits its priming for another pump so you may as well wait until the next jump in price

>>21464142
Yes but who cares, it's not like I'm gonna leave 800k in the bank. I'm gonna buy 2 or 3 houses with it to rent out and make profit. So I won't have it in actual capital for very long.

>>21464063
120/140k eur per year
i invoice one single customer in a north Eu socialist shithole
I currently invoice with a you company and then i pay to myself a small amount for “services provided” and I keep the rest in the company without paying dividends (I will get them when I’ll move residency to emirates in a couple of years) to avoid triggering more alerts
I know it’s not going to last forever, so do you have a better idea?

>>21463847
>I don't think its this easy changing tax residence. Everyone here is saying "bro just go to X" but in some countries, unless you have something like a verified job offer and your gov knows you go there to work, I think you are tied to your origin country for X years until you are freed and acquire the new tax residence in Switzerland or werever you want to move. So I don't think its as easy as moving 183 days to X and then dump your chainshit.

Correct

>>21463951
I'm just someone who has some experience with these things
>Let’s say I’m a consultant in EU (for a single company) and I want to invoice with a fishy company instead of a self employment one, what is the most fishy but absolutely legal setup?

Not exactly sure what you mean, but if you are talking about avoiding taxes on your salary by invoicing through a company, then I guess the only legal way would be to
A) Set up the company in a tax free country and set up tax residence in the same country or
B) Set up company in a tax free country (only needs to be tax free/low tax for companies) and move to any other country that is either tax free, or it has no CFC rules

I'm not that knowledgeable when it comes to corporate taxation so you should definitely DYOR

>>21464327
*uk company

>>21464142
0,85% in Norway (if wealth is over 170K USD)

>>21460305

Then your cash basis for the gold will be zero, and you'll pay taxes on the full value of the gold when you sell it

>>21464340
the problem is that residence in that socialist shithole is mandatory since I have to go to office everyday and wagecuck from there, no remote possible

>>21464290
Well it sucks if you want a nice portfolio of index funds

>>21464392
And that's "wealth" on your tax papers...
No "wealth tax" if it's lower than 170K

>>21464327

Are you banking in the UK for the company?

>>21464409
In that case there is no legal way as far as I know... Socialist shitholes make sure there are no loopholes that normal people can exploit

>>21464340
>Correct
So if I make money getting paid by Google what sort of situation would I be at? How many years to change the tax residence if im from Spain and I go to Switzelrand? What about Ireland? Google pays me and they are from Ireland, maybe that is a plus.

>>21464484
Yes, I make sure i pay no dividends meanwhile but it’s pretty easy to connect the dots anyway if i get audited
Gotta move before 3 years, they never start checking before according to my fishy accountant

>>21464253
How do you come with a good idea these days? shits saturated. I see stuff like Instagram, TikTok, Snapchat viraling, they are just dumb apps. Probably there was rich trust funds putting lots on marketing ads or luck involved.

>where you are also at the mercy of their heavily-manipulated algorithm).

But aren't you at the mercy of Google's algorithm anyway? You may have the greatest idea, you still need Google to promote your links to get traffic.

>>21463620
literally read the thread

>>21461041
>make money with crypto
>make it
>sell bitcoin for tether
>hold stablecoin tether for 1 year
>you still have the same amount of money, but now you don't pay taxes

>>21465004
>>sell bitcoin for tether
Sure they don't consider this realization?

>>21465004
Wouldn't Bitcoin Cash be the perfect for doing the German hodl tactic? I don't remember it all right but I think that coin was just the price of the dollar or some shit

>>21465004
>>make it
>>sell bitcoin for tether
>>hold stablecoin tether for 1 year
this is not how it works you retard
>>21465070
every transaction is as long as you hold the coin for less than a year

>>21463795
People payed taxes way before communism was a thing, retard

lets say i want to sell my chainlink one week from now. i move to portugal first because the tax is 0%. but because there's less than 6 months left in the year, i wont legally be considered a tax resident there? so i would have to hold my link until next year, hope the price doesn't go down, and then sell?

>>21465261
>this is not how it works you retard
retard of course it is, how would it work if not
if it doesn't then they would tax every crypto movement you make, are they going to tax every movement that a trader does? thousands of trade orders?

>>21465480
>if it doesn't then they would tax every crypto movement you make, are they going to tax every movement that a trader does? thousands of trade orders?
Yes, that's exactly what they do.

>>21463602
>30% of your lifetime is not yours
Go back Coinberg

did someone test out ATM's already? I'm willing to travel the world

>>21465480
crypto to crypto is a taxable event except if the time between buying and selling exceeds one year
the tax is not magically going away just because you dumped all your profit into tether for a year

Every day we have this thread and every day you idiots come out of the woodwork with your stupid half-baked plans for cheating the taxman.
>hurr durr what if I just use an ATM and buy a house with cash, of course I won't get v&
Yeah, definitely, you're smarter than the tax authorities who literally track down idiots like you for a living.
And I swear there's never anyone in these threads who has actually cashed out and has genuine experience they can recount.

>>21466264
What's your take then?

>>21466352
Pay your fucking taxes, you don't get out of this system. If you're worried about it, throw a few grand at a shit-hot accountant or tax lawyer - they'll be able to help you better than any neets on an anime forum who've never even had any experience with the tax authorities before.

>>21464169
>But if you move from Sweden to Portugal tomorrow and live there until 2026 when 1 LINK is worth $81,000, you'll get taxed on these prophecized gains in Portugal (0%).

>until 2026

YOU FUCKERS TOLD ME I HAVE TO STAY IN PORTUGAL 180 DAYS, NOW I HAVE TO STAY 5 FUCKING YEARS THERE? WHERE TO FIND THIS INFORMATION?

>>21467073
its over

>>21463910
Portugal will become a (white) ethnostate within 2 years.

Multinational here, between the US and EU which has the worst taxes? US seems overall lower

>>21467445
>ctrl + f
>Portugal
>25 results (26 now)
It's happening

>>21467542
>26
I mean 30
Great thread btw

In the Netherlands, the first 30k is not taxed.

So if you cash out 30k euros per year its fine.

In France the tax is around 30%. (it was over 60% some time ago)

>>21467640
And 38 to 70.8k is 0.6% tax.

Cash out 70k per year = 0.6 % of (70k-30k) = 240 euros tax

pretty comfy desu

>>21467751
>And 38 to 70.8k is 0.6% tax.
and 30k to 70.8k...

>>21460147
How realistic is it for a leafbro to obtain tax residence in Portugal or Switzerland?

>>21459216
boating accident