Do you brainlets realise that Common Reporting Standard applies to all financial institutions and all jurisdictions have joined these regulations?
I'm talking about OECD Automatic Exchange of Information.
This means that at end of each year (31st of Dec 2017) the funds you hold in Bistamp, GDAX, Coinone, Kraken or any other exchange will get nicely reported to your tax authorities no matter which 3rd world shithole you come from.
How does that make you feel?
Nicholas Smith
In the UK you pay tax on what you cash out/purchase. Pretty cosy.
Evan Williams
>holding funds on an exchange
Xavier Collins
Dunno, but the law book here for my country says that virtual currencies only realize as capital gains once converted to fiat.
Carson Anderson
Fine, I'm ready to pay tax.
Leo Clark
Germany has zero tax if you didn't trade for one year
Ryder Davis
>not trading for one year good joke, Muhammed
Jacob Martinez
Already amended all my prior years returns and paid my back taxes, will claim everything this year, I have nothing to worry about.
Luke Phillips
Where else will you hodl fiat once you sell your bags to laggard norms?
Juan Foster
That is what I'm talking about. You sell bags near the top of bubble (now) to fiat, you get owned by your gov later.
Jonathan Kelly
you sound nervous
Jaxson Ross
I am, shit
Lincoln Brooks
>will get nicely reported to your tax authorities >implying we care about tax
kek.
Easton Reyes
I've been reporting all my trades since 2013, no issues here.
Evan Sanders
you will once men with guns storm your apartment
Angel Clark
fucking beta cuck
Cooper Ward
I don't mind being the beta cuck with my asshole intact come april
Camden Jones
Open up a company in the cayman islands. Hold the funds in a corporate account. Learn to tax haven.
Grayson Morris
>implying the irs or any tax agency gives two fucks about a neet that made 300 dollars off muh cryptos
Justin Williams
this. They have bigger fish to fry. The overwhelming majority of people (myself included) using these sites have made only a pittance off of crypto
Oliver Reyes
>men with guns
shut the fuck up cuck, carry on bending over to the tax man
KEK
Angel Ortiz
>tfw has no clue how to evade taxes
This board is cute
Carson King
>They haven't made at least six figures off crypto this year What the fuck have you even been doing? You better have been in for less than two months or you should just quit life.
Sebastian Miller
Post your faces when you cashout in the Cayman Islands when plane tickets costs 4000 sats and you can have some nice holidays at the same time.
Charles Hernandez
Cayman islands is also a signatory of the CRS crap, though opening an account under a company name rather than your own should foil the g-man's efforts slightly. Any actual cayman anons want to share your findings?