Post
Topic
Board Legal
Re: Which exchanges do not share transaction histories with foreign governments?
by
Free Market Capitalist
on 24/03/2025, 15:07:19 UTC
I want to transfer the funds to a non EU exchange, and trade there.
Your scheme is brilliant. Are you sure your trading will be successful and you won't lose your bitcoins there Huh

That is the other one. Making a plan on how to avoid taxes based on trading has a lot of tickets for you to hit the lottery of losses so you could have spared yourself the brilliant scheme.

Taxes here are about 33% on profit (if you are lucky) and there is no compensation for losses if they didn't happen in that same year.
I am hoping to pay for goods and services directly in stablecoins, in the near future. I know a jeweler who accepts crypto for payment, for example.

It doesn't matter, as the legislation stands in most countries, transferring bitcoin and other cryptocurrencies to a stablecoin creates a taxable event.

Our government prefers the latter of course, because it generates more taxes.

Really? I would have never thought about it.  Grin