I even can't believe in that numbers, how someone are ready to pay more than half of profit to gov? Good that cash still exsist
It's hard to believe but unfortunately the numbers mentioned in that table are true, and it is on each of these countie's law and crypto regulations.
I don't think there's a country on planet earth that isn't a tax paying nation, as taxes is one of the major means for IGR for almost every country so the place of tax is something that can't be taken away in any country, the difference is in the fact that some countries have got a very comprehensive taxing system as compared to others especially when making comparison between developing and already developed countries with their taxing system and pattern then the difference becomes very clear. For countries where their taxation isn't comprehensive it sometimes feels like they are have some who do not pay tax and some actually are able to bypass taxation.
Because of their system of taxation these area could ha e possible way of bypassing tax payment but for countries where they have got a comprehensive taxation system I don't any of the ways used to bypass it in other countries will work you just have to maintain your taxing system or look for a way to appeal for a cheeper tax payment rather.
You didn't read the title or the whole topic ? Your answer seem to be about taxes in general for every citizen, while my topic here is only limited to crypto, when someone tries to withdraw or trade his crypto for fiat, in some regions as mentioned in the topic, they have to pay up to 50% as tax fees. However, there are some other countries where they don't have clear rules for crypto or they don't even track your translations which means they don't tax your assets in a way or another.