What tax rates when I live In a country with NO capital gains tax

Coincrazy

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Quote from: myrkul on April 11, 2013, 03:27:32 AM

Quote from: Coincrazy on April 11, 2013, 03:08:33 AM

Quote from: myrkul on April 11, 2013, 12:53:09 AM

I believe the FinCEN ruling was that when you cash out, you pay any gains tax in your polity.

thanks any links ?

Here you go:
http://www.fincen.gov/statutes_regs/guidance/pdf/FIN-2013-G001.pdf

thanks I can see why the big investors must have jumped in after this !!

myrkul

hero member

Activity: 532

Merit: 500

FIAT LIBERTAS RVAT CAELVM

Quote from: Coincrazy on April 11, 2013, 03:08:33 AM

Quote from: myrkul on April 11, 2013, 12:53:09 AM

I believe the FinCEN ruling was that when you cash out, you pay any gains tax in your polity.

thanks any links ?

Here you go:
http://www.fincen.gov/statutes_regs/guidance/pdf/FIN-2013-G001.pdf

Coincrazy

newbie

Activity: 28

Merit: 0

Quote from: myrkul on April 11, 2013, 12:53:09 AM

I believe the FinCEN ruling was that when you cash out, you pay any gains tax in your polity.

thanks any links ?

Quote from: myrkul on April 11, 2013, 12:53:09 AM

IANAL, seek a tax professional in your country versed with international finance, don't blame me if you go to jail. Wink

:-) sure ..... myrkul is to be blamed :-)) ... did I miss that k"not' ?

myrkul

hero member

Activity: 532

Merit: 500

FIAT LIBERTAS RVAT CAELVM

I believe the FinCEN ruling was that when you cash out, you pay any gains tax in your polity.

IANAL, seek a tax professional in your country versed with international finance, don't blame me if you go to jail. Wink

Stampbit

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Activity: 182

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Quote from: ||bit on April 11, 2013, 12:45:27 AM

Quote from: Stampbit on April 10, 2013, 11:54:50 PM

Oh you wanted a serious answer, well the fact is any asset that has touched US soil become taxable, even if you are not a US citizen. We as US citizens have to pay taxes on all assets, foreign and domestic. If your coin is tied to your identity and you want to keep good relations with the US it is advised you pay taxes, otherwise its up to you.

The Mt.Gox exchange is in Japan. Nothing happens in the USA as far as I can see.

i thought it sold to coinbase and now its in the US.

||bit

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Activity: 924

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Quote from: Stampbit on April 10, 2013, 11:54:50 PM

Oh you wanted a serious answer, well the fact is any asset that has touched US soil become taxable, even if you are not a US citizen. We as US citizens have to pay taxes on all assets, foreign and domestic. If your coin is tied to your identity and you want to keep good relations with the US it is advised you pay taxes, otherwise its up to you.

The Mt.Gox exchange is in Japan. Nothing happens in the USA as far as I can see.

Stampbit

full member

Activity: 182

Merit: 100

Oh you wanted a serious answer, well the fact is any asset that has touched US soil become taxable, even if you are not a US citizen. We as US citizens have to pay taxes on all assets, foreign and domestic. If your coin is tied to your identity and you want to keep good relations with the US it is advised you pay taxes, otherwise its up to you.

Coincrazy

newbie

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Quote from: Stampbit on April 10, 2013, 11:38:00 PM

If you have any assets in the US, if you've ever stepped foot in the US, if you've even sent a letter to the US, our government wants what you have.

Actually let me correct that, kim dotcom and julian assanage did none of those things and still have been attacked by the US. Yeah, just go ahead and send the IRS a check anyways.

Thanks fit the answer

I appreciate you taking time

Just so that others here understand me , and to clarufy further , I do NOT have to pay tax in USA for trading in shares or ETF in US stock exchanges

So I think my question needs some more discussion

Regards

Stampbit

full member

Activity: 182

Merit: 100

If you have any assets in the US, if you've ever stepped foot in the US, if you've even sent a letter to the US, our government wants what you have.

Actually let me correct that, kim dotcom and julian assanage did none of those things and still have been attacked by the US. Yeah, just go ahead and send the IRS a check anyways.

Coincrazy

newbie

Activity: 28

Merit: 0

Hi

I live I a county where there is no capital gains tax

I will be sending money to the bit coin exchange from this country and taking back the money after sale to this country

- Do i have to pay tax to the american or the japanese governments ( where most exchanges / buyers are )

- if so What rates will I have to pay as capital gains tax o the American or Japanese governments

Just to repeat - I am NOT A citizen of and I do NOT LIVE in USA or Japan

Regards

Topic: What tax rates when I live In a country with NO capital gains tax (Read 703 times)