Recent content by lbh411

yeah hard to eliminate since sometimes its IRS or broker themselves so timing is random on top of office response(or if they even care) id say rule of thumb is interest bearing accounts are the red flag (IB)

UK specifically which is relevant personally im pretty sure the aggressive tax offices like germany also(heard this within crypto circles not my experience) mainly happens i believe when 1099s are produced and i presume thats what tax offices get a breakdown of to chase you with

i think would depend on if you fill out W8-BEN so you would lose out in someway if you fill out the W8-BEN i believe IRS will be the ones reporting it in the end so broker wouldnt necessarily matter once you prove your jurisdiction then thats how it would go during sign up

IB has different branches for eg im with IB UK and they report and i know switzerlands one does you might be right about the US domiciled one but i dont know if it can circumvented because ib picks which one to sign you up for based on your jurisdiction(at least in my case)

not currently but i believe georgia will implement crs soon

i hadto go reread the rules as it had been a year since i looked into this, for some reason i assumed that all trades were taxed in usa (i was american at one point) but its just dividends. So if ive looked everything up correctly your main worry is dividend tax and capital gains tax in your...

yepp im pretty sure any profit u derive from us based investment or dividend will get a haircut for hk i googled quick: Tax Treaty There is not a treaty on taxes between Hong Kong and the United States. There is a US - China tax treaty, but it is not applicable to Hong Kong. so thats a 30%...

then you take the heat on witholding tax anyway no way around it really only way would maybe trade on bitcoin derivative platforms (counter party risk of losing your funds probably witholding tax anyway) and then find a way to get your funds out without triggering aml lool basically forget it...

all the reputable ones report pretty much so you pay a pound of flesh either way in witholding tax (when u go to a preffered jurisdiction plus moving costs) or just capital gains in any non banana republic :( possibly look into IB singapore/asia

no you create a normal coinbase account, and you download the coinbase card app and link them together..but like i said its very inefficient process just withdraw to paypal its instant rather than pay ATM fees plus bonus conversion fees lol

not its a seperate service for consumers you have to download the coinbase card app. the simplest and cheapest method to withdraw from coinbase without paying unecessary fees is to withdraw to paypal then your bank very simple. Everything else has a cost attached of 3% of what you are...

im saying its just as fast but yes you are right its another option if you are happy taking a 3-5% haircut, why anyone with sense would do that is beyond me

disagree but fastest way to spend it on consumer goods and pay an unecessary 3% haircut plus variable rate and foreign exchange fees paypal withdrawls are instant with a UK infrastructure

yep note only its available for withdrawls not deposits/purchases how are the fees and is there any chargeback risk?

fastest way is paypal but it depends on volumes i think when it comes to withdrawing out of paypal but yes Paypal 6-12hrs,Any GBP option same day ,then SEPA 2 days, and 1-5 days finally ACH (if you have the facilities )