I hope that I will not withdraw fiat from the crypto before 10 years have passed, which is currently the defined term that is paid for withdrawing money from the crypto, when no tax is paid..
Maybe the solution is face-to-face sales, directly to the wallet of a well-known customer who pays cash? Then it's up to him to think when he takes out 🙂
For now, crypto is on model One, only in black...
Maybe the solution is face-to-face sales, directly to the wallet of a well-known customer who pays cash?
This is called tax evasion.
In that case I will be happy to evasion it.
I pay taxes to the state for the apartment I live in, I pay taxes on the income I earn.
We pay very expensive excise taxes for fuel (I consider alcohol and cigarettes a luxury, so I won't mention them).
I pay car registration tax, as well as mandatory health insurance tax.
And whenever we get sick, we are treated via text messages and donations and we pay for private health insurance.
From the collected tax, the state coffers are filled from which education, infrastructure, health care should be paid, and our education is falling apart, the infrastructure is even worse.
I have already written about healthcare...
Everything is in a state of decay, with politicians' pockets even fuller.
And now someone expects from me, that because I invested my money in crypto (risking in various bear markets that I would be left without it) and in the end made some profit, that I pay taxes on it, so that the thieves in politics could fill theirs even more pockets?
No, no, they won't watch that movie.
From the crypto, no matter how I end it, the state will not get a single cent from me.
Well, that's your prerogative but I've been around long enough to know that most actions, or failures to act, come with repercussions. Good luck with your mission to evade the tax laws.