Post
Topic
Board Services
Re: Taxation is Theft - Stop paying crypto taxes today!
by
Thirdspace
on 27/02/2018, 09:37:19 UTC
This is not for tax evasion. If using this service is illegal in your country, then do not use it. It is only for citizens of countries that allow this.
how could you say it's not tax evasion? can you name a country that doesn't impose tax on "realized" capital gains
if there is country that say this isn't illegal, that country probably doesn't tax its citizen hence this service won't be needed

Let's say that a tax in a country is 25%, and someone wishes to liquidate $100,000.

I will do that for them. Now, let's say that after transfer fees and whatnot, they receive a total of $95,000. After tax, they should have received $75,000, but they are getting $95,000. Their tax savings are $20,000 and my fee will be $5,000. Is that enough for you to understand? I do not take 25% of the value, but 25% of the savings.
if "someone wishes to liquidate $100,000" he doesn't have to pay tax on that but only on its capital gains
if he invested $40,000 on BTC and sold it for $100,000 later, it's only taxable on the $60,000
and if that person uses your service for saving tax on the taxable $60,000
he still has to explain where that ~$60k (minus fee etc) comes from
and eventually he will get audited and deemed as tax evader or negligent and must pay tax + fine