Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Da fuck! What country are you in?!?? Never saw capital gains taxed so fucking high. That percentage is ridiculous even for regular salary income FFS!
50% income tax, give or take depending. 25% sales tax. Hidden taxes on everytyhing, not sure how much but not less than 50%. In total, 80-90% taxation.Which is why there is no fucking way I will get off with ONLY 20% when they get around to bitcoin. States always want More.
Denmark, by the way.
From what I understand, most European countries have taxation based on country of residency. So, you should be able to get residency in 0% country, like Malaysia or Panama, stay there for a year, dump your bitcoins, then move back. All 100% legal and tax free.
Sorry to scrollback the subject some pages.
I've been at Cayman this month.
I heard there's no tax property there.. in fact i believe theres no taxes at all.
I almost entered a bank to open an account (for future uses). But I guess a little more crypto integration is needed before its the perfect place for us to be...
But look..This was happening while i was there..
https://cais.ky (Wences from Xapo was a speaker, and many others from the crypto space)
Cayman is quite expensive (even more for my devaluated argentine pocket), but what-a-place-to-be! Maybe you have seen those perfect pictures of the beach.. i can assure you the real place is even better than that.
And is Spain becoming picky on taxing crypto? I guess i'll cancel my retirement plan in the Baleares (I hold a spanish passport too).
Next trip.. Panama
