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Topic: How do I avoid tax on crypto (Read 18699 times)

jr. member
Activity: 2120
Merit: 1
March 04, 2019, 08:48:26 AM
No way, I am afraid if your country imposes tax(es) on crypto, then you'll have to pay. This taxes could be direct or indirect taxes.
member
Activity: 461
Merit: 17
🔰FERRUM NETWORK🔰
March 03, 2019, 10:13:30 PM
No one should avoid taxes if they are generating profit from crypto and i personally will not advice you to avoid this because its against the law in almost all crypto friendly countries.
As long as the crypto owner does not withdraw it in cash, taxes may be avoided. But when disbursed at the crypto exchange place to fiat money, it will definitely be taxed because the owner of the crypto will be identified.
But in my opinion it is better to pay taxes so that obligations should be carried out, while helping the country so that development can be sustainable.
member
Activity: 315
Merit: 12
February 23, 2019, 02:14:58 AM
No one should avoid taxes if they are generating profit from crypto and i personally will not advice you to avoid this because its against the law in almost all crypto friendly countries.
Avoiding taxes clearly violates the law, because taxes are a source of income for the country. But if the transaction is carried out in silence and under the hands it may be possible to avoid monitoring from the government, especially crypto money is not exchanged for cash.
It is better to deal well and honestly because the profits obtained must benefit the family and the country, so that when carrying out transactions there is no burden because they follow the applicable legal rules.
brand new
Activity: 0
Merit: 1
February 10, 2019, 03:00:47 PM
You can’t avoid it. You can cross your fingers and just not pay
copper member
Activity: 89
Merit: 1
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January 30, 2019, 04:31:27 AM
If I make money on crypto currencies. How do I avoid as much tax as possible?

As long as you don't cash the money into fiat onto your bank account, you should be fine.
newbie
Activity: 13
Merit: 0
January 30, 2019, 02:03:56 AM
I think, in every country, there are taxes, including taxes from bitcoin, you just have to choose to live in a country with very low taxes.
in my opinion, if paying taxes is the solution for bitcoin security, just pay. because in this world nothing is free.
copper member
Activity: 104
Merit: 10
January 29, 2019, 08:43:30 AM
No one should avoid taxes if they are generating profit from crypto and i personally will not advice you to avoid this because its against the law in almost all crypto friendly countries.
legendary
Activity: 1372
Merit: 1008
January 24, 2019, 08:03:09 PM
Go to a country that don't have tax on cryptos. But why you want to skip on paying taxes. If you pay your taxes you were able to help  other people. So what are your reasons why you don't want to pay taxes.
most countries in the world do not apply tax on crypto. only a few countries and after all taxes don't have to be paid if you're still
anonymous in crypto right? on the other hand taxes also help your country in the economy. why did you avoid it?

You should avoid the taxes in the legal way if you want to get richer or you can pay all the taxes and make your country richer but you are going to get stay at this level always.You need to remember that Warren Buffet is payin less tax to the governments than his Secretary all in the legal way because of investments.Maybe OP is looking for that kind of ways.Its not wrong when you are doing in the legal ways.
I think tax won't make you poor? tax is only a few percent of your income? and that's arguably small from what you've produced.
My country tax is only about 10% per month. is it so small in my opinion? it won't make you poor
sr. member
Activity: 2520
Merit: 280
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January 19, 2019, 09:52:49 AM
Go to a country that don't have tax on cryptos. But why you want to skip on paying taxes. If you pay your taxes you were able to help  other people. So what are your reasons why you don't want to pay taxes.
most countries in the world do not apply tax on crypto. only a few countries and after all taxes don't have to be paid if you're still
anonymous in crypto right? on the other hand taxes also help your country in the economy. why did you avoid it?

You should avoid the taxes in the legal way if you want to get richer or you can pay all the taxes and make your country richer but you are going to get stay at this level always.You need to remember that Warren Buffet is payin less tax to the governments than his Secretary all in the legal way because of investments.Maybe OP is looking for that kind of ways.Its not wrong when you are doing in the legal ways.
legendary
Activity: 1372
Merit: 1008
January 18, 2019, 11:18:30 PM
Go to a country that don't have tax on cryptos. But why you want to skip on paying taxes. If you pay your taxes you were able to help  other people. So what are your reasons why you don't want to pay taxes.
most countries in the world do not apply tax on crypto. only a few countries and after all taxes don't have to be paid if you're still
anonymous in crypto right? on the other hand taxes also help your country in the economy. why did you avoid it?
newbie
Activity: 14
Merit: 0
January 17, 2019, 10:32:15 PM
taxing trading is good. reduces the amount of speculative trading, and pump and dump tactics by whales that shold be ilegal
brand new
Activity: 0
Merit: 0
December 23, 2018, 07:32:44 AM
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member
Activity: 350
Merit: 11
December 22, 2018, 07:53:14 AM
If I make money on crypto currencies. How do I avoid as much tax as possible?

Bitcoin is a currency, not some solution to avoid paying taxes. The moment when people start using Bitcoin or any other

Crypto currency as a method to avoid paying taxes, then the government will step in and ban it. I would much rather pay the

taxes and be done with it, than sleeping with open eyes, waiting for the Police to raid my house in the middle of the night.

That is no way to live your life... rather pay those taxes.  Wink

I agreed that avoiding tax is not cool. Since you have made some money with crypto, why not pay some tax to your government. Bring some positive sides of crypto.
I totally agree. It doesn't need to worry and avoid taxes. If you are part of a good society, paying tax is not a big deal for you, especially when bitcoin is legal and you're being easy live your life. It's so lame to avoid taxes and expect enjoy life. Logically, when you get easier life, paying tax is a small thing in return.
newbie
Activity: 73
Merit: 0
December 18, 2018, 07:28:35 PM
To do this, try not to use the exchangers exchanged by the state for buying and selling - they are taxed. Use private exchangers, limited liability.
maybe it's good that we don't avoid taxes, because the benefits we pay for taxes, one of which we will be registered as taxpayers, automatically the business we live in will be considered legal, if we avoid taxes we may be considered illegal, if we want to avoid the tax difficult, if we want to transfer into the bank then we will always enter the data, and of course we will be taxed.
full member
Activity: 344
Merit: 107
December 18, 2018, 11:41:54 AM
If I make money on crypto currencies. How do I avoid as much tax as possible?
In the bitcoin legalized countries citizen never do avoid taxes and i think there are no any chances to avoid it. If government declared illegal cryptocurrency .in your country that is different. Otherwise the police will punish and fine the money this is financial harming for you also harassment you have suffer.
member
Activity: 322
Merit: 10
December 16, 2018, 08:15:29 PM
If I make money on crypto currencies. How do I avoid as much tax as possible?

It will be impossible to avoid the Bitcoin income tax if the goverment declared it legal in your country as they will focus their monitoring in your local exchanges in which per regulation they could fully review every transaction of crypto users specially to those who involved in huge fiat conversion, so with this scenario then i think avoiding the Bitcoin tax is really difficult.
newbie
Activity: 80
Merit: 0
December 16, 2018, 07:13:24 PM
The most important thing about crypto currencies what we can all do is to keep it legal.
There is already enough bad publicity in the media, I don't think the average user should start doing things on the boarder of legality with it.

The way how bitcoins are taxed differ in many countries. If it's not really clear, ask a local tax consultant.


if we are in a country that rejects bitcoin then we have a reason to avoid taxes, but if we are in a country that supports bitcoin and facilitates the use of bitcoin, then we don't need to avoid taxes, because by applying taxes the state indirectly legalizes bitcoin, and making bitcoin as a state income.
copper member
Activity: 55
Merit: 0
July 01, 2018, 04:18:12 AM
I definitely agree. Tax makes sense cause you make money. Unless you don't.. then..
newbie
Activity: 28
Merit: 0
July 01, 2018, 03:42:35 AM
If you are make big money you should pay tax if you don't make so you can save..  Wink
full member
Activity: 504
Merit: 100
June 28, 2018, 08:33:33 AM
Go to a country that don't have tax on cryptos. But why you want to skip on paying taxes. If you pay your taxes you were able to help  other people. So what are your reasons why you don't want to pay taxes.
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