Tbh, I thought it was still 45% until a few months ago.... It'd encourage me to just keep holding bitcoin if the rates go up and wait on moving.
It'd make somewhere like Belgium (30% rate) much easier to move to though (they have a low statute of about 3 years if you move a company there and pass a language test in German or French).
Topic: Would you move jurisdiction to avoid tax on your coinage? - page 3. (Read 614 times)
In the UK there's talk of raising capital gains to be in line with income tax to pay for our virus holidays. For a large amount of profit in Bitcoin and friends that would mean an increase from 20% to 45%.
https://archive.is/VJrzY
There's a good chance of it not happening as it'll outrage the government's rich friends but if it does 45% would be way too much and I'd look seriously at relocating as there's not much keeping me here anyway. 20% I can absolutely live with. Over double and I'm going to get serious about shopping elsewhere.
Do you have a limit to your tolerance or would you stay put no matter what rates they threw at you? I expect many other countries will be looking at low hanging fruit too.
https://archive.is/VJrzY
There's a good chance of it not happening as it'll outrage the government's rich friends but if it does 45% would be way too much and I'd look seriously at relocating as there's not much keeping me here anyway. 20% I can absolutely live with. Over double and I'm going to get serious about shopping elsewhere.
Do you have a limit to your tolerance or would you stay put no matter what rates they threw at you? I expect many other countries will be looking at low hanging fruit too.
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