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"Do any countries have taxes on assets instead of income?" Not applicable to this situation, but zakat in Islamic countries requires a 2.5% payment to the gove
by muzani 3y ago
"Do any countries have taxes on assets instead of income?"
Not applicable to this situation, but zakat in Islamic countries requires a 2.5% payment to the government, similar to a tithe. This is why many of the theocratic Islamic countries have 0% income tax. It's always applied to assets above a certain amount, but some places apply it on income as well.
https://en.wikipedia.org/wiki/List_of_countries_by_tax_rates https://en.wikipedia.org/wiki/List_of_countries_by_tax_rates
But the joke is that you can't run from taxes. If there's that much money floating around in one person's wallet, someone will figure out how to tax it. If it doesn't get taxed, well, someone will figure out how to rob him.
- iraKleiman 3y agohow do u report a digital wallet theft? are their cyber cops in cyber space
- ffpip 3y agoYou can report cyber crimes to cops in your country
- DANmode 3y agoYou may have shone a light on the real point, here. For as long as they're not taxed, robbed, or otherwise, people will continue to take confidence in the security of the protocol.