Its all happening now. Do you know that we are all criminals here if we are really going according to law?
We do a lot of transactions that would not go with any taxable thing. We send money that is greater than what it should be normally without even getting a lot of tax which should be. Try sending a million dollars thru Western Union and let us know what will they say.
If every transaction is unusual they are being reported and that is an example, a million dollars
We do a lot of transactions that would not go with any taxable thing. We send money that is greater than what it should be normally without even getting a lot of tax which should be. Try sending a million dollars thru Western Union and let us know what will they say.
If every transaction is unusual they are being reported and that is an example, a million dollars
I think you shouldn't say that
Maybe, you are a criminal (I don't really know, just assuming) but doing a lot of transactions has nothing to do with taxes. You can send (and receive) fiat all day long (and at night too), but that doesn't in the least mean that you should pay taxes on transactions. Financial authorities may in fact get interested why you are sending money that often, but if you have a legitimate reason for that and are not participating in some criminal activity, in most jurisdictions you have essentially nothing to be afraid of. Most likely, you refer to paying an income tax on profits earned from Bitcoin operations, but then again relevant tax codes are different across countries and in some of countries these profits are not taxable. So this is neither criminal nor otherwise illegal either
