⭐ Merited by NeuroticFish (1)
I think Philippines would be a great one too, I have a friend who makes a lot of money already and I don't think that he pays that much tax.
If a person doesn't pay "that much' tax in most cases is because of tax evasion and not low taxes.
According to the laws, it seems that income in crypto is taxed the same way as normal income, so assuming you have made 1BTC in profits and you cash that out you're going to end in the near last threshold and pay around the equivalent of $11k in tax.
Comparing that to Germany where you just have to hold the crypto for one year and you're tax-exempt, legally!!!!
Well, as European I would not choose a country from outside Europe because the laws may become (very) strange for actually living there.
And most poeple think the same even if they live in way poorer countries.
That's why we didn't have even 100 000, that's 0.03% of the claimed number of crypto owners moving to Salvador.
