Try Denmark. You will have to pay 53% !!!! Pay those 22% or withdraw them by different services like localbitcoin, privately etc. If you want to "enter" the system and law, you will have to pay those 22% - thats cheap man!
I don't suggest avoiding tax but I totally, totally understand the waking nightmare that is accounting paperwork.I live in Norway, and I dont know how to avoid taxes here. Norway charges up to 22% in tax!!
I really need help!
also stable coins do not do anything helpful for tax. Selling your crypto to stable coins is a taxable event and if you do this on a fiat exchange it will most likely be reported to your tax authority. Stable coins are just there to lock in your gains and I wouldn't trust USDT. There are ones like PAX, USDC, BUSD that seem more trust worthy.
Could you, please, provide some first hands info with link to tax authorities that stablecoins are equivalent to cash?22% is a pretty good rate for peace of mind..I was taxed 40% on my 2017 gains by UK tax authorities..
Also stables are in most countries equivalent to cash, so if you sell ETH for USDC, you will pay CGT on that transaction. Lastly I would be very weary of parking your cash in stables on several protocols, due to lack of rights of recourse, and collapsing yields during the upcoming bear market.
many countries (UK is a first hand example, there are many other afaik) tax crypto to crypto transaction, so cashing out to usdc won't save you from CGTCould you, please, provide some first hands info with link to tax authorities that stablecoins are equivalent to cash?
At least if so, they should also be considering to the legal tender, which i believe they dont