Quote from: darkangel11 on February 16, 2018, 07:58:59 PM

Quote from: tee-rex on February 15, 2018, 01:38:14 PM

This will likely cause a massive tax evasion in the future. I don't mean anything outright illegal but rather something more like the "loopholes" people are discussing here. For example, you can become a tax resident of a country which has a soft tax regime in respect to cryptocurrencies (countries like Italy or Denmark) and officially pay (or not pay) your Bitcoin capital gains taxes there, thus avoiding paying the same taxes in Japan. Though I don't know if Japan has double-tax agreements with these countries.

Of course! And can you really blame people for doing it? If you had a friend that agreed to help you move things around and you threw him a 20kg bag, he'd most likely take it and come back for another one. If the bag was 40kg he'd complain about it being heavy but still keep going. If you asked him to carry 60 kg he'd be like hell no! I don't want to hurt myself! Taxes are a burden that should be made as light and easy to carry, so that people won't have the reason to complain and avoid them. Japan is overdoing it same as those countries that are imposing extremely high taxes on the rich, like France.

Can't agree more with you guys!

Another example definitely worth mentioning here is Sweden with their so-called Scandinavian socialism. This country is notoriously famous for their insanely high tax burden that many people living there find too heavy or even inappropriate. In the past, a lot of public figures like celebrated sportsmen such as Björn Borg moved to live in other European countries where they wouldn't have to pay extortionate taxes on their high earnings.

With that said, we should however remember that there is an optimal level of tax burden in the economy (think Laffer curve here), and it may be a lot higher than what some or even most people may think. And that could be one of the reasons why the Japanese government levies so high taxes given that the local population is law-abiding in general.