[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 1.64 MB, 2762x1998, london (1).jpg [View same] [iqdb] [saucenao] [google]
20310271 No.20310271 [Reply] [Original]

Hypothetically, is it possible to prevent the Jews from taking 20% of your Link earnings (UK)

>> No.20310300

>>20310271
yes, leave

>> No.20310307

>>20310271
yes

>> No.20310318

>>20310300
is it really that easy?

>> No.20310332

>>20310271
not if you’re a burger. also cursed image

>> No.20310344
File: 10 KB, 300x300, 1593712140101.jpg [View same] [iqdb] [saucenao] [google]
20310344

"The Statutory Residence Test sets out a series of rules which determine if you are automatically non-resident or automatically resident.

For example, if you spend 183 or more days in the UK in any given tax year you will automatically be considered as a UK tax resident"

So I just go on holiday in Thailand for 6 months before cashing out?

>> No.20310363
File: 8 KB, 219x219, 1570464297919s.jpg [View same] [iqdb] [saucenao] [google]
20310363

>>20310344
"In order for an individual to avoid capital gains tax it is usually necessary to remain non-resident for more than five complete tax years where you leave the UK after 5 April 2013."

fuck nevermind.

>> No.20310412

Think I rather just pay like a cuck, though if i make over 50k or more than it'll be pretty fucking annoying getting taxed over 40%

>> No.20310422

>>20310363
>>20310344
>>20310271
Seychelles/Panama holding company

>> No.20310425

>>20310412
Are you a US resident? UK charges a flat 20% on earnings above £12000 afaik
Earnings under 12k are tax free

>> No.20310435

>>20310412
Quit your job for a year

>> No.20310438

>>20310300
>>20310318
>>20310363
Just leave and never return

>> No.20310437

>>20310318
you have to leave for a year before you cash out & you can't return to live for 5 years.
During that year you will have to become resident elsewhere. Portugal is a great example as its still in the EU buy has 0 crypto tax for residents.

>> No.20310448

>>20310422
>what is final beneficiary disclosure
>what is banking FATCA/KYC/AML

yeah, good luck with that

>> No.20310464
File: 17 KB, 619x456, 1576559274104.png [View same] [iqdb] [saucenao] [google]
20310464

>>20310425
I'm from uk and this is what it says.
>>20310435
I'm a NEET

>> No.20310477
File: 57 KB, 807x533, file.png [View same] [iqdb] [saucenao] [google]
20310477

>>20310422
That sounds illegal
>>20310464
Crypto earnings are not classed as Income Tax, rather Capital Gains Tax

>> No.20310480

>>20310344
>So I just go on holiday in Thailand for 6 months before cashing out?
Not that simple BTW
https://www.gov.uk/government/publications/rdr3-statutory-residence-test-srt/guidance-note-for-statutory-residence-test-srt-rdr3

Have a read, you have 'Sufficient ties' as an example

>> No.20310494

>>20310271
>>20310437
Amerilard, but this one. Move to Moortugal for a year, cash out, then use your millions to buy a mansion somewhere else. UK is a lost cause, much like the US.

>> No.20310502

>>20310448
>FATCA
FATCA is for mutts, RoW uses CRS common reporting standards

>> No.20310517

>>20310422
>Seychelles/Panama holding company
how do i know i am not being scam fren? i dont trust the results i find on duckduckgo

>> No.20310559

>>20310477
Oh I see, thanks. Rather just play the 20% then. Not smart enough to try and evade

>> No.20310562
File: 530 KB, 1082x695, 1581492749442.png [View same] [iqdb] [saucenao] [google]
20310562

>>20310437
>>20310494
thanks lads, I can't stand living in this shithole a moment longer. Portugal sounds nice.
>>20310480
fortunately i'm a student so I'll have no ties after I graduate unless I find a job (i think, after skim reading)

>> No.20310616

>>20310562
>fortunately i'm a student so I'll have no ties
read the link, i posted it's not what you think. there's multiple tests
Also, you'll need to pay that student loan back (that is a tie) & when you took it out you argreed you'd pay it even if you left the country.

>> No.20310632
File: 264 KB, 480x531, 1568856637627.png [View same] [iqdb] [saucenao] [google]
20310632

>>20310616
fuck, thanks. looks like I might just have to have my 20% robbed

>> No.20310679

>>20310562
Check out
https://www.youtube.com/user/nomadcapitalist

I'm going to the live event in Mexico. sadly they pushed it back, its now March '21.

>> No.20311151

>>20310448
You can just pay yourself a salary from a holding company from a country with 0% crypto tax gain, there's nothing they can do
Obviously you'll pay taxes on the salary but not the lump sum

>> No.20312003

>>20310271
if you have 100k Link you wouldn't ask. if you have under 20k, buy something else with staking that could 50x (like ARPA)

>> No.20312196

Here we go again with the Jew paranoia. Let's blame the Jews for the white mans inability to find happiness and therefore uses a played out conspiracy theory that it was "da joos" that did it. I'm neither sympathetic towards the Jews or like them, but what they've endured during WW2 and the Holocaust should be enough to give them a little slack for the next millenia

>> No.20312347

>>20310464
How is there taxation without representation. These commie governments are not working the jobs with us, how can we owe them money?

>> No.20312788
File: 87 KB, 800x449, 1593598626737.jpg [View same] [iqdb] [saucenao] [google]
20312788

>>20312196
>but what they've endured during WW2 and the Holocaust should be enough to give them a little slack for the next millenia
only the suffering of the da joos matters, never mind that anti semitism was weaponised by zionists to justify `'their claim" on lands that belong to others, never mind the hundreds millions of hapless goyim that died in their wars and revolutions
faggot

>> No.20312939

>>20310480
If I left the UK to work abroad for one full tax year from April even. Which I am planning on doing, I wouldn't be tax resident surely and could pay capital gains to my host country instead. As I will be paying them income tax etc

>> No.20313491

>>20310332

What are they going to do, send in the army?

>> No.20313508

>>20310363
>>20310344

Cute, you slaves think you can leave the plantation? Stupid goyim, your masters need your children for rituals and indoctrination.

>> No.20313509

Use the CGT calculator on Tax Scouts. Income does play a factor as to how much 20% CGT you pay.

Example:
£100k profits, £30k salary from job = £12,300 tax free, £15,540 CGT (£20k @ 10%, £67.7k @ 20%)

£100k profits £50k salary = £17,540 CGT. £12,300 tax-free, £87,700 @ 20%

>> No.20313526

>>20313509
Soz for the ducking retarded formatting on that. Income tax is separate to CGT but income does play a part in how much 20% CGT you pay

>> No.20313641

>>20313509
>>20313526
Also if you are married I think you can use your wifes capital gains allowence too?

>> No.20313794

>>20310437
How does Brexit affect this? We'll need to apply now. Shit. I voted for Brexit before I got into Crypto and now I feel like a dumb cunt. I still think it's for the best but purely from a selfish perspective I wish we hadn't now.

>> No.20313816

>>20312347
We don't have a constitution and the Magna Carta is no longer seen as law. They can do whatever they want. The don't need to represent your interests in the slightest.

>> No.20314020

>>20313794
>How does Brexit affect this?
no clue, I hold Uk & irish (also canadian) its not a problem for me.
>I voted for Brexit before I got into Crypto and now I feel like a dumb cunt.
Long term brexit is great, England will still remain the worlds tax haven.
> I wish we hadn't now.
You'll still be able to access europe, also places like Cayman or similar you can live for 5 years on your UK passport & get citizenship from there. You still have one of the worlds best passports.

Personally I wouldn't be surprised if the EU started a citizenship based taxation like the states.