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I'm not aware of any government that taxes money transfers. At least in any country I have lived in you can move around your money as much as you like without a
by DangerousPie 6y ago
I'm not aware of any government that taxes money transfers. At least in any country I have lived in you can move around your money as much as you like without any taxes.
Now if you're trying to avoid income tax or something like that that's a different question, but then using Bitcoin doesn't magically make that disappear either.
- soared 6y agoIn the us you would get taxed https://www.irs.gov/businesses/small-businesses-self-employed/frequently-asked-questions-on-gift-taxes#1 https://www.irs.gov/businesses/small-businesses-self-employe...
- thebean11 6y agoYou're assuming the Bitcoin changed hands though. Transaction doesn't necessarily imply that.
- selectodude 6y agoThat’s if you give it to somebody else. If you’re transferring your own money there’s no fee.
- DangerousPie 6y agoYou get taxed for the gift, not for the transaction. You'd have to pay the same taxes if you used BTC.