>have 100BTC
>fly to Singapore
>open bank account
>open coinbase account
>sell BTC
>withdraw to bank account
>no capital gains tax
problem?
Have 100BTC
David Long
Sebastian Howard
Idiot, u need some kind of proof of residence to open bank account. I'm going to use Belgium (tax-free too). Just taking a semester abroad with Erasmus or sthint
Andrew Baker
You're taxes based on your residency, faggot.
That's your downfall.
Bentley Myers
Belgian here, we still have speculation tax, but I'm not 100% sure our government is up to date with crypto yet
Caleb Scott
Australian, with a UK passport making me a non dom UK citizen.
Alexander Ramirez
just smurf you moron.
Joseph Adams
Depends on the law on the country you're from too.
But yeah many rich people go live somewhere else 6 months a year so they pay taxes in this country.
There are many ways and loopholes, that's not new.
Caleb Collins
Singapore has double tax treaties with just about every western country so they share information with all of them.
If you're depositing into a bank account you're going to get fucked up.
Connor Cook
besides, you can try to bamboozle the tax man with every money laundering trick you like, in the end you'll be caught by leading a luxurious lifesytle while having a small income.
Jace Fisher
Belgian here. Capital gains tax can only be avoided if you aren't suspected of speculating.
so if you just buy and hold as if its a long term investment you don't need to pay cap gain tax
or do you know something more bout belgian tax system then I do?