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My take is that with ICN, you have to report dividends to the government and pay taxes on them. But with ICNX, you do not have to pay taxes on them until you sell them.
My take is that with ICN, you have to report dividends to the government and pay taxes on them. But with ICNX, you do not have to pay taxes on them until you sell them.
Good joke man for me. Where those ICNs are rigged to one person
? Or where on ETH network any token have owner ?As you see is IMPOSSIBLE to tax you directly. In EU that works that way you have to sell crypto to fiat make bank transfer and then you report income and pay tax. ICN like ICNX are same in matter of taxation till you sell your dividend for ETH for fiat USD/Euro you have earned 0.
Unrealized profit is not real profit in crypto until you will find fiat buyer you can not say you earned anything.
ICNX and ICN are same in taxation - in my country gains come when you capitalize in fiat profit not by just keeping it.
In stock market people are avoiding keeping cash on account at end of fiscal year they buy stock report 0 income then they sell next day to keep fiat in broker account until you move money in fiat out of stock market you have 0 to pay. This is good tactic in tax dodging.
Besides of that in EU there are countries where you have 0% capital gains
like Estonia.https://en.wikipedia.org/wiki/Capital_gains_tax
But every country is different while your ICN on your ETH wallet are not bound to anyone - but I don't stop you for paying if you really want.