Topic: How do I avoid tax on crypto - page 2. (Read 18699 times)
tax is not a problem if you manage to get money from cyptocurrency, because if you want to avoid tax means you have to get out of exchange transactions in your country. may be fore in every exchange oblige to make tax payment. so the solution to tax evasion is to sell to the community.
Just keep yourself away from any trace of your bitcoin transactions as possible. Actually, you wouldnt be traced if you will not withdraw your earnings from cryptocurrency. We couldnt escape the government anyways so the least you can do is just delay paying your taxes. Charges will make it cope up.
We can save our tax but for that we have to do alots of efforts. Firstly we have to resettle in that country where there is no tax on cryptocurrency gains. Then sell the coins there and then hire a good lawyer if needed
move to those country where there is no tax on gain from cryptocurrencies. sell them there person and hire a good lawyer so as to avoid to not to get into a jail.
E-Payment for cryptocurrency would help...
The main question is how you will withdraw cryptocurrency to aiat money. At this stage tax service may have some questions to you. And at this stage, the bank can block your account on suspicion of money laundering.
If I make money on crypto currencies. How do I avoid as much tax as possible?
If in your country is required to pay taxes on the crypto, of course, this is inevitable and must be obeyed for the common good. Unless your country is not concerned with taxation on new crypto you can avoid it. As my country does not collect this crypto tax because in my country crypto has not been legalized and the government has no right to take taxes on crypto.it is always better to pay the tax if we don't want to get any problem with our government and we don't break any law. we need to play with clear so our government will not suspicious with you and they can investigate of you because you get much money. I think the amount of the tax is not too big unless you make a big withdraw then you need to pay a lot of money. but I think there are a few countries that apply this tax for the crypto user so I think you can skip this process but if there is a regulation that you need to pay the tax then you need to pay the tax.
If I make money on crypto currencies. How do I avoid as much tax as possible?
If in your country is required to pay taxes on the crypto, of course, this is inevitable and must be obeyed for the common good. Unless your country is not concerned with taxation on new crypto you can avoid it. As my country does not collect this crypto tax because in my country crypto has not been legalized and the government has no right to take taxes on crypto. If avoiding tax here in our country is a crime, then there is no reason for me to avoid it as I don't want to ruin my name, I would rather decrease what I do have earning than putting myself in jail, but we are lucky since it is not yet required in our country.
Yeah that is included in the crime of corruption, if law enforcers know what you do by evading taxes they will certainly punish you like a prison or pay a fine for harming the state, but I don't think they will know what you make by hiding your wealth to avoid tax , because they will not be able to trace your money in the crypto due to anonymous factors
You don't pay tax if you don't have a law imposing tax on crypto in your country, easy as that, enjoy while you still don't have because when you do, you won't be asking this anymore.
If avoiding tax here in our country is a crime, then there is no reason for me to avoid it as I don't want to ruin my name, I would rather decrease what I do have earning than putting myself in jail, but we are lucky since it is not yet required in our country.
Yeah that is included in the crime of corruption, if law enforcers know what you do by evading taxes they will certainly punish you like a prison or pay a fine for harming the state, but I don't think they will know what you make by hiding your wealth to avoid tax , because they will not be able to trace your money in the crypto due to anonymous factors 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.Sometimes it is currency, and sometimes it is not. But avoiding taxes is a question not related to Bitcoin itself, rather than one made profit from trading. Hire a finance guru for that
Bitcoin is a currency and owing as a currency there is required to pay tax as per law and regulation. On the other hand, it depends on the concern country rules.
First of all, never use bitcoin for transactions, you need to find exchanges with minimal commissions and a profitable currency.
I think taxing trading is good. Reduces the amount of speculative trading, and pump-and-dump tactics by whales that should be illegal.
Its not avoid tax because its compulsary and sometimes depend on government.
If avoiding tax here in our country is a crime, then there is no reason for me to avoid it as I don't want to ruin my name, I would rather decrease what I do have earning than putting myself in jail, but we are lucky since it is not yet required in our country.
This is true but we do all know that not all countries do have strict policies when it comes to crypto earning taxes since they didnt even recognized or aware on such existence but for those countries who do see already on crypto trend then most probably they would really impose such laws on getting tax on it but as a crypto user we can really eventually evade tax if we want to because tracing it up would really be hard for them for sure.If you do really like to obey such protocol then you would really be still willing to pay up tax.
I use the exchanger to buy bitcoin and then change it to a doge and transfer it to the stock exchange. Also you can use bnb token on binance.
If avoiding tax here in our country is a crime, then there is no reason for me to avoid it as I don't want to ruin my name, I would rather decrease what I do have earning than putting myself in jail, but we are lucky since it is not yet required in our country.
Those taxes won't be sky-high so to try avoiding them at any rate.
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