Do you think everyone pay tax on Crypto trading?

darkster

Trusted Member
Business Angel
Mentor Group
Commercial Service
I was wondering what you think or may even do.

Are people paying taxes from the coins people hold and trade or do you think that the majority forget to inform their tax office about it?

What do you considere the risk factors to not report your coins?
 

darkster

Trusted Member
Business Angel
Mentor Group
Commercial Service
I agree, this seems to be the only place as for now where it is possible to avoid taxes in large scale, sadly :(
 

Hans Hoffmann

Banned User
BANNED MEMBER
I have traded crypto year ago, and personally I payed the income tax which occured. Its easy way to legalize small ~10k amount. Since tax office wont ask you to provide statements from broker and wont see them since trading is not done in bank account. Atleast this applies to easter europe.
 

BillBong

Member
US residents and citizens are supposed to pay tax on crypto.
UK citizens only pay tax once converted to currency e.g. pounds.

The world is changing it's outlook on crypto sadly. US is very uptight because of corruption and banking overlord pressure.
 
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