Post
Topic
Board Legal
Topic OP
Tax Avoidance Possible legally with Bitcoin?
by
NinjaBitcoiner
on 31/01/2023, 15:05:50 UTC
Say if someone owns 10 Bitcoins which is not declared and government doesn't know about it (earned/mined etc but did not buy)  and now that someone want to avoid paying tax on cashing it out. Can he simply move to countries where there is 0 tax like (UAE) specifically dubai and setup a company there and cash out crypto over years in dubai bank account and later decide to move to his home country with all that money. Since dubai has 0 personal tax and his home country can't charge tax on it because of non-resident of home country. Is this possible?