Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live!
Personal income generated in another country, does not exempt you from paying taxes in your country of origin. They might use the Virgin Islands as a tax haven, but they can still be held liable for the tax income and the penalties, if they are caught. As TheQuin said, most unregistered gambling sites do this, but at one stage they grow too big and then people start knocking at your door.
Freebitco is currently operating as a Bank / Gambling site / Unregistered Business and I bet you, they not paying any taxes. They might want to legitimize this operation now, by re-branding the site.
Freebitco is currently operating as a Bank / Gambling site / Unregistered Business and I bet you, they not paying any taxes. They might want to legitimize this operation now, by re-branding the site.
You're making a lot of assumptions about people's private financial arrangements. You're also misinformed about the need for registration and what constitutes legitimate.
You right. I probably are sucking this out of my ass.
Would still be great if we could place a human or humans behind the face of this project. It would just make the decision easier to dump a lot of money into the "investment" side of the site, if you knew that you not dealing with a site that might turn out to be a criminal front or some money laundering racket.
I would have dumped a lot more coins into Freebitco.in if I knew what I was dealing with and if I could have explained that income to my local tax authorities.
