1/1/18 i withdraw about 2k usd from coinbase.
Am i really going to have to pay taxes for this.
Not planning on withdrawing more than 10k-15k per year.
Sucks when the government is controlling everything.
Does anyone know of a coinbase alternative that would work in , Dominican Republic .
I can always get a friend to withdraw from their .
Bitcoin tax is un avoidable if Bitcoin is legal in your country so really expect taxation if you convert your Bitcoin to dollar in NYC or USA but if Bitcoin is not legal but not ban in Dominican Republic then any local exchanges will do just do research in the internet for the available exchanges. I suggest you to trade your Bitcoin in these countries like Japan, France and Germany because the use of Bitcoin in these countries is less to zero taxation.
This is stupid. You can not open an account in a Bank in Germany if you are not a citizen of this country. The same conditions in other countries. If coinbase supports withdrawals to your account in the Dominican Republic then I think you don't have a complete ban on the use of cryptocurrencies. I could be wrong Taxes you take not the exchange and the state. For this reason, the same situation will be on other exchanges.