As we go deeper and put ourselves in the realm of cryptocurrency world, the issue of taxes remains a pressing problem and concern for investors of countries where they obligate you to pay a percentage of the assets you own. Especially in some regions such as Japan or Belgium, Honestly, what made me think like this is reading about many topics about the new laws and the amount of taxes crypto users are giving to governments including some users in this forum.
Moreover, that's why users are always searching for legitimate or illegitimate ways to reduce their tax obligations. This made me think about collaboration with individuals living in countries where we don't pay any taxes, to offer some insights that might help mitigate tax obligations?
Every tax law has a loophole. Do you really think that these big giant monster companies pay 100% of their taxes? No, they find loopholes and use loopholes. To be honest, loopholes are created for such companies to not pay taxes but overall laws apply to average Joe and governments expect that average Joe will pay as he is supposed to pay and he doesn't have enough power to use loopholes.
There are many things that you can do to avoid crypto taxes but you have to know the law of your country at first.
In some countries if you hold your coins for specific period of times, you don't have to pay crypto taxes. Also, if no one knows that you own crypto, you can pretty much sell them without anyone knowing that you owned a one. For example, you can use p2p decentralized exchanges. You can also marry to a woman who lives in a country where taxes are rarely paid and crypto is untaxed. Options are limitless.