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The trick is that knowing what addresses are yours is not necessarily easy.
by ufmace 13y ago
The trick is that knowing what addresses are yours is not necessarily easy.
- PeterisP 13y agoUmm, just as with any other expensive property - they ask you to declare them; and if you conveniently forget to declare it, but at some time later (say, after 5 years) they somehow find that out, then you go to jail. Are you sure that you can hide that stash (and all purchases/deals made from it) permanently?
- scotty79 13y agoJust until you ditch citizenship of that prison country and live happily ever after spending your bitcoins in Germany or some warm paradise.
- PeterisP 13y agoGermany treats BTC income the exact same way.
- scotty79 13y agoThank you. I haven't researched the subject. I still think you will be better of dealing with German tax authorities than with IRS. I suspect there are and will be some European countries that treat bitcoins with more leniency.