Hi all,
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?
Edit: Maybe this thread suits better in the Bitcoin Discussion section?
Indonesia sir, everything is cheap here (things that are not imported).
Foods, services, transportation, gas. I dont know about the tax here actually, but its not a bad option (decrease your living costs).
But what about different culture (if you European)? The question was "live in"...
For european it's not good variant, I think...