/biz/ - Business & Finance

>>13193210
you can’t avoid taxes, just keep your meme money, the point of crypto is that everyone will eventually use it right

Bitcoin ATMs

>>13193210
bisq

>>13193224
Can't avoid taxes lol. Kys

>>13193224
Some of my choices in portfolio are rather questionable, I doubt they will exist in the future so I need to cash out once they reach a good price.
>you can’t avoid taxes,
I thought that selling in tax haven works?

>>13193266
sell your shitcoins for eth and not fiat when they reach a good price... how hard is that
or dai, if you really have to have fiat valuation

>>13193255
There are cameras, no? Also I'd have to launder the money to use them since I am poorfag and can't just show up with 1 million out of sudden.

>>13193266
Just sell it otc for cash.

>>13193279
Just cover it up or wear this

>>13193210
Cash out in smaller consecutive bits over the course of 6-8 months

>>13193210
banks are no problem if you can document where you got the crypto - just show money in, trades, money out.
>taxes are unavoidable unless you live in a place with no taxes.

>>13193210
BITSTAMP -> REVOLUT. have a nice day

>>13193210
Exchange it for gold then sell the gold.

>>13193266
generally you have to live in the tax haven and have lived there for a long enough period of time before cashing out that you are not taxed by your home country. hopefully your home country doesn't tax worldwide income regardless of where you live

>>13193210
localbitcoins take cash meet a safe space like starbucks<div class="like-perk-cnt">&#x1F430;</div>

>>13193374
>hopefully your home country doesn't tax worldwide income regardless of where you live
Don’t tell me there exist totalitarian shitholes that do this? Is it China or Russia?

>>13193349
Bull runs only last like a couple of weeks though...

>>13193210
Portugal doesn't tax crypto

>>13193274
once it moons, I don't want to wait another god knows how long till I can use ETH to pay for stuff

>>13193281
>>13193299
>>13193372
>>13193383
I wouldn't be able to use that money though, since once I'd deposit it into my account or use it to pay for something, tax-man would ask me where I got it from

>>13193359
yeah, I guess. My main goal was to avoid paying the taxes though

>>13193370
this sounds promising, will look into it, thanks

>>13193374
yeah in my country it's just 6 months living there, might try this

>>13193392
The US taxes income over 80k if your in a different country, if I remember correctly.

>he thinks he can cashout

>>13193457
>once I'd deposit it into my account
And why would you do that

>>13193457
they can't ask if they don't know.

>>13193210
move it to tether and use a uquid card, you can have one without providing any id. I litterally ordered a "Clark Kent" card last week

I'm Irish. Ireland has ordinarily residency laws so you need to be abroad 3 years to not pay tax. Plan is to move to Portugal for that time and fly into Northern Ireland any time I need to go home which might be regularly enough.

And I'll need a good lawyer/tax accountant too.

>>13193210
Buy gold or silver for bitcoin

>>13193459
investment profits do not count as income for the US and they tax profits starting at 1 cent. fun

>>13193224
i got bad news for you. Pay your fucking taxes

>>13193210
>cashing out the bottom

retarded fucking europeans

every god time time i bet youre french too

any germanons know how it works here?

>>13194056
i would like to know that too

>>13194056
I called my bank and told I expect a large sum from selling bitcorns on bitstamp. Was no problem (Sparkasse). Commerzbank is known to kick ppl for crypto though. Then I had to declare it in my tax statement. I had to pay 50% tax. Im sure the government makes good use of that money.

Germany: keep it one year, cash out, pay no taxes

>>13194215
source?

>>13193210
Call the bank beforehand and make sure they understand what's happening. This is what I did and it was a success.

>>13194284

Just google? That's common knowledge.

>>13194202
is it true that you dont have to pay any taxes if you can prove that you have been holding the coins for a year?

>>13193210
You can cash out fiat on Kraken if you're in Europe

german spoiler https://www.winheller.com/bankrecht-finanzrecht/bitcointrading/bitcoinundsteuer.html

>>13194434
Yes

>>13193210
>>13193259
>>13193266
>>13193374
You literally can't, so forget about it. I spent 1.5 years in another country to avoid it and I will still have to pay. Fuck taxes. Ok there is one way, give away your citizenship and they can fuck off.

>>13193392
Several EU shitholes do this

>>13193547
Remember this thread 2.5 years from now when Portugal suddenly decides to put 50% crypto tax.

Do it because you should fight against fucking theft in the form of taxation, but don't expect it to succeed