Or government is applying more taxes to crypto and moving to eliminate our privacy. Hey what’s in your wallet? How do we compare with other countries.
Germany- crypto is considered private money. Also, no VAT tax. No taxes to be paid on profits for long term holder of amounts under 600 Euro.
Switzerland- Mining is considered self-employment and is subject to business income tax.
Bermuda- No taxes on buying, selling, or trading cryptocurrencies.
Portugal- trading tax free.
People can find many more places that are tax friendly to crypto. So, why is government so hell bent on taxing crypto. Because they don’t like the way it disrupts the system. If you can’t control it, kill it. I think our country is suffering from wanting to know too much about everyone.
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