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Say what you want about cryptocoin, atleast it doesn't have this problem:https://getmonero.org/ https://getmonero.org/
by wpdev_63 8y ago
Say what you want about cryptocoin, atleast it doesn't have this problem:https://getmonero.org/ https://getmonero.org/
- millstone 8y agoThis is false. Cryptocurrency earnings are subject to state capital gains taxes.
- bumholio 8y agoI think the implication was "cryptocurrency cannot be subpoenaed by tax authorities when you are engaged in fiscal evasion". This is certainly true, with an off-shore debit card linked to a crypto wallet one can evade most local taxes, while being exceptionally hard to trace down, unless engaging in conspicuous consumption.
- frozenport 8y agoI suspect the act of not paying for gains when converting them into money, would be criminal. You'd get caught when trying to cash out.
- JumpCrisscross 8y ago> an off-shore debit card linked to a crypto wallet one can evade most local taxes This is willful tax evasion. It is a crime for which you go to jail.
- ainiriand 8y agoYou are correct. Under the present regulation they are just an asset, not a currency. So when you trade BTC is not the same as trading GBP, is that the only difference? Is taxation different in both cases?
- s73v3r_ 8y agoWhat problem? The problem of being able to mooch off your countrymen?