Check out Slovenia. Government is in favour of blockchain technology and we have the biggest number of successful ICO companies per capita in the world.
Generally Slovenia is nowhere near tax heaven, but crypto profits are not taxed at the moment. However you will probably need to prove origin of money if you withdraw more than $50,000 in fiat to your bank account. Basically you will need to show officials that you earned that money with trading.
So far the most I withdrew from Bitstamp was about $4000 and I didn't pay a cent of tax.
Topic: Would you move to a tax haven to protect your crypto trillions? - page 2. (Read 275 times)
February 25, 2018, 01:35:14 PM
February 25, 2018, 01:25:24 PM
I don't have this problem yet. Looked up the place, looks somewhat isolated and small. 2000 population would be too few for me IMHO, I'd like to be able to walk streets without being constantly greeted. 
Were you required to stay there for a certain number of months a year to reap the benefits? Can't you just buy a property there and live and work on the mainland (UK)?
Were you required to stay there for a certain number of months a year to reap the benefits? Can't you just buy a property there and live and work on the mainland (UK)?
I'm visiting for fun, no way would I move here. Far too small for the reasons you stated and no doubt others to discover after it's too late.
Yes, you would have to provide the UK tax man with plenty of satisfaction before he lost interest. I think you'd only be able to visit the UK for 90 days of the year or 180. But on top of that it's subjective on their part. They want to be sure you've done a clean break and aren't just dabbling and there doesn't appear to be a definitive set of steps to prove that.
February 25, 2018, 01:25:10 PM
I've been lurking in a tax haven recently - Alderney. Here there's no capital gains, no inheritance tax, no vat, and income tax is 20%. It's been fun for a few days. Beyond that I would go batty. Flights constantly get cancelled, everyone drinks like fuck as there's nothing else to do and you'd probably scratch your bum and someone at the other end of the island would ask whether it cured the itch the next day.
In the UK I would get taxed at 20% if I sold all. That's a fair chunk but more than bearable considering most tax havens are ghastly so it wouldn't be an option for me.
Ive seen some startlingly elaborate arrangements on here. For the sake of some extra money you'll never spend it doesn't seem anywhere near worth it to me.
How far would you disrupt your life to save some tax?
In the UK I would get taxed at 20% if I sold all. That's a fair chunk but more than bearable considering most tax havens are ghastly so it wouldn't be an option for me.
Ive seen some startlingly elaborate arrangements on here. For the sake of some extra money you'll never spend it doesn't seem anywhere near worth it to me.
How far would you disrupt your life to save some tax?
Moving to a tax heaven actually depends on many other factors instead of tax percentage solely. The quality of life in those tax heavens are also needs to be considered. IF North Korea makes their country tax free? Would you move there? The answer will be NO for most of us. So Tax percentage is not the only deciding factor here. So if someone likes to live a lazy life with trillions in bank, they may consider moving to Alderney. Personally I won't.
Your question states cryptos worth trillions. So if I already have a trillion dollar valued crypto, I would certainly not move to a different country, instead I will stay in my own country where I have at least some local and political connection. In my country, I will be taxed at 30% rate as it is the highest rate of tax, which is significant. But I believe to make money from money. I will diversify my presence in real-life assets and business. Probably I will start two-three new real-world businesses and start living an active life. For me it doesn't make sense to flee to a different country just to save few percentage of taxes. It's great to be with family and friends.
February 25, 2018, 01:15:58 PM
I don't have this problem yet. Looked up the place, looks somewhat isolated and small. 2000 population would be too few for me IMHO, I'd like to be able to walk streets without being constantly greeted.
Were you required to stay there for a certain number of months a year to reap the benefits? Can't you just buy a property there and live and work on the mainland (UK)?
Were you required to stay there for a certain number of months a year to reap the benefits? Can't you just buy a property there and live and work on the mainland (UK)?
February 25, 2018, 01:13:07 PM
5% is... Ambitious.
Yes, I often wonder what services would be like if the money wasn't squandered on gender equality floatation tank sessions and how much lower tax would be if services were run properly.
Sadly that's never going to be the world we live in. 20% stings but it's manageable. It was 98% in the UK in the 70s. No fucking way would they be getting that out of me.
Yes, I often wonder what services would be like if the money wasn't squandered on gender equality floatation tank sessions and how much lower tax would be if services were run properly.
Sadly that's never going to be the world we live in. 20% stings but it's manageable. It was 98% in the UK in the 70s. No fucking way would they be getting that out of me.
February 25, 2018, 01:05:15 PM
I've been lurking in a tax haven recently - Alderney. Here there's no capital gains, no inheritance tax, no vat, and income tax is 20%. It's been fun for a few days. Beyond that I would go batty. Flights constantly get cancelled, everyone drinks like fuck as there's nothing else to do and you'd probably scratch your bum and someone at the other end of the island would ask whether it cured the itch the next day.
In the UK I would get taxed at 20% if I sold all. That's a fair chunk but more than bearable considering most tax havens are ghastly so it wouldn't be an option for me.
Ive seen some startlingly elaborate arrangements on here. For the sake of some extra money you'll never spend it doesn't seem anywhere near worth it to me.
How far would you disrupt your life to save some tax?
It all depends on what kind of tax we're talking about. Most of the time I have no issue paying some taxes, but going beyond 5% starts to make me a bit more wary of what's actually going on in the background. And I'm very aware that 5% is quite low considering the taxes that a lot of other people pay in different places all around the world.In the UK I would get taxed at 20% if I sold all. That's a fair chunk but more than bearable considering most tax havens are ghastly so it wouldn't be an option for me.
Ive seen some startlingly elaborate arrangements on here. For the sake of some extra money you'll never spend it doesn't seem anywhere near worth it to me.
How far would you disrupt your life to save some tax?
I have this opinion because my country can't use its tax revenue effectively and it always goes to the wrong places, and it likely won't be changing in that sense anytime soon. It would be possible to massively strengthen this country if the taxes went into the right programs and initiatives but they're being burned on the welfare state and that'll kill the country in the end. A higher GDP than Russia and it still can't compete in most aspects.
February 25, 2018, 12:50:47 PM
Where did you head?
Unfortunately most of them are islands. I like hanging out in Monaco too but that's even more repulsive than the island ones I've been to. Most of them seem to consist of resentful locals and entitled tax dodgers which doesn't make for a harmonious society.
Unfortunately most of them are islands. I like hanging out in Monaco too but that's even more repulsive than the island ones I've been to. Most of them seem to consist of resentful locals and entitled tax dodgers which doesn't make for a harmonious society.
February 25, 2018, 12:47:16 PM
I did it years ago. Before BTC, so that I haven't paid any income tax for years. It's a smart move but you shall avoid small islands. There are many other options, but choosing the best one is difficult. It depends on your business, and what matters to you.
February 25, 2018, 12:40:52 PM
I've been lurking in a tax haven recently - Alderney. Here there's no capital gains, no inheritance tax, no vat, and income tax is 20%. It's been fun for a few days. Beyond that I would go batty. Flights constantly get cancelled, everyone drinks like fuck as there's nothing else to do and you'd probably scratch your bum and someone at the other end of the island would ask whether it cured the itch the next day.
In the UK I would get taxed at 20% if I sold all. That's a fair chunk but more than bearable considering most tax havens are ghastly so it wouldn't be an option for me.
Ive seen some startlingly elaborate arrangements on here. For the sake of some extra money you'll never spend it doesn't seem anywhere near worth it to me.
How far would you disrupt your life to save some tax?
In the UK I would get taxed at 20% if I sold all. That's a fair chunk but more than bearable considering most tax havens are ghastly so it wouldn't be an option for me.
Ive seen some startlingly elaborate arrangements on here. For the sake of some extra money you'll never spend it doesn't seem anywhere near worth it to me.
How far would you disrupt your life to save some tax?
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