With ever increasing BTC prices, where can BTC holders move to minimize taxes? I'm confused by many of the tax laws that I'm reading about. It seems like clear rules have yet to emerge in many countries. Some countries have a wealth tax, which means that you must sell a certain amount of your BTC every year, which is regrettable. I think one should try to avoid these countries at least. But other than that, it is only the capital gains tax that is relevant?
If you can afford to move into another side of the world just to evade tax on your bitcoin then just proceed but come to think off that this thing would really be more expensive than on paying up taxes. They cant really impose taxation directly on bitcoin which they would normally target on those service than do make use of it.I would not be surprised if they would do such thing knowing that government wont really allow any of its citizens wont pay up tax which is really beneficial in the development and growth of the economy of a certain country specially if the one who manage or handle isn't corrupt.