Post
Topic
Board Bitcoin Discussion
Re: Denmark consider taxing unrealized gain on bitcoin.
by
Ultegra134
on 25/10/2024, 11:07:19 UTC
Yeah indeed, so how about we do something like this:
- everyone who hates the Western world stays in their shithole country and stops coming in millions here
- every European that hates this goes to the shitty countries that they fancy
- as per above other countries manage to get as liveable and as appreciated as Denmark, good luck with this

Denmark is the No. 1 country for quality of life
Stupid government, right, what do they know about running a country, they should read posts on Bitcointalk for advice!

And again we have a shitty article about someone who translated the proposal with google translate and never bother to read the essential stuff, that all the tax models will be calculated IF the taxpayer does not disclose his income and doesn't fill his tax statements with his crypto holdings.

Can't wait till they realize how stupid they are and have failed for another hoax, remember this scaremongering:
No, Denmark did not propose banning self-custody wallets

 
That doesn't necessarily mean that their recommendation is realistic or sensible. I understand the point you're trying to make, but this doesn't change the fact that this is an unreasonable recommendation. It makes no sense to report unrealized cryptocurrency gains; for instance, what if I report $20,000 in gains because Bitcoin is booming but next year has crashed, resulting in a $5,000 loss? I would already be taxed for the $20,000 I didn't sell and were never actually in my hands in fiat currency, but now that I'm at a loss, will I receive the tax amount I paid last year? Probably not; this scheme has many loopholes, but it still remains a recommendation; it hasn't been approved yet, and even if it is, I'm confident that this is subject to change.