Quote from: Cookdata on Today at 07:34:46 PM

Quote from: SatoPrincess on October 07, 2024, 06:54:57 AM

The UAE just got a whole lot friendlier with its new no tax policy on crypto. Like El Salvador, the UAE may just become the next haven for crypto enthusiasts. Most countries in Europe tax over 30% of your profits. Do you think the UK and other countries in Europe will make such a move in the near future?

No wonder a lot of crypto gurus are running to thag region even before this news, they are having tax capital gain free on crypto even before now in Dubai but it's seems the regulation has been finally approve all over the city of UAE. Finally, they are going to have a lot of crypto immigrants move their family and friends over there to stop been drained of their profits by this European countries that dwell on citizens crypto investments.

Most African countries have had a relaxed taxation system where you don’t have most of the households and persons being taxed directly but, the indirect tax system as VAT is used. However, you don’t find migrants looking out for these places to build a life. Why is that, it’s largely because of what’s there to be offered. That’s the singular reason why Dubai will win in this policy formulation. It’s already a tourist destination and the one place you could go for them lavish lifestyle yet, here they are again with crypto centric policies. It’s a let’s go to Dubai for everyone but, you’ll be paying some of those taxes as VAT.