Fuck living in germany
I wanna trade and buy shitcoins but our IRS will get me
FUckkkkkk
Fuck living in germany
I wanna trade and buy shitcoins but our IRS will get me
FUckkkkkk
>will
Make enough money in criptos without declaring and gtfo
Dude they will find me if i'd do that 100% if anything tax evasion is bigger than murder here
declare whatever you withdraw, and use that sum to move out of germany
with dexes do you really need to worry about irs?
Yes trading coins is taxable here
Meanwhile everyone on biz is getting fucking rich on shitcoins
can't you evade kyc and centralized exchanges? it should be easy these days or am i missing something
just drive to Poland bro, we have anonymous crypto exchanges here
Nope kyc is expected
Well i would need to move there and get a polish passport too
cant you buy crypto for cash?
just move to switzerland
What are the tax laws here in Germany? I thought it's just counted as income tax.
I can but as soon as i trade them or cash out i need to pay taxes
Once i have the big win i guess
Sadly not
1. take profit in eth or btc
2. move out of germany by car or train
3. sell btc for hard cash in person
4. return to germany
5. keep cash at home
>3. sell btc for hard cash in person
Fuck man i dont wanna be killed
>I can but as soon as i trade them or cash out i need to pay taxes
It's the same everywhere in the world. Just justify whatever you withdraw
>Well i would need to move there and get a polish passport too
no documents needed if you just want to buy/sell bitcoin
there's some limit for cash transactions, but you can literally just divide it into smaller ones
there are no border controls either so it's all fine
youre Missing the German Michel mentality
As soon as i initiate a transaction the government or at the very least my bank will see that and tell the government
i also stayed away from trading and shitcoins because of short termn capital gains, feels retarded in bull markets
you can do the transaction in a restaurant inside a mall, in small amounts like 1k euro at a time.
other person shows the money, you count it, you do the transfer, you take the money. not worth either side trying to cheat the other and ending up in a police station.
Sounds fucking risky some guy might stab me or something
btw, what are professional traders doing to evade tax, register a shell company? I mean what would you do if you trade professionally and happen to live in a high tax country except moving elsewhere
Trade stocks, less scams and stronger fundamentals.