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Let's talk about tax for Europeans

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by COINS NEWS 34 Views

So... taxes. With the recent price movements, my bag has grown to the extent where I will now be taxed on my holdings, albeit a very small percentage and now, as if by magic, I have opinions. I now understand why rich people buy art, at least it's better than paying the government for doing absolutely nothing.

I won't talk about tax-dodging on here as it's not exactly a safe space, but I'd like to hear what other EU citizens are doing to at least make their investments tax-friendly. Think, for example, of the stocks and shares ISA offered in the UK or similar investment vehicles. I would love to use some of that allowance to invest in the US ETFs, but this option unfortunately isn't available.

Let's be clear, I'm not against taxes, I pay a lot, I just think the government trying to 'wet their beak' on my crypto holdings, is akin to the mafia wanting a piece of the action when they see someone prospering.

submitted by /u/dollhousemassacre
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