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Title: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: CryptoCurrencyInc.com on November 03, 2014, 06:27:30 AM 51 countries signed an agreement to “end tax evasion and money laundering.” Another 30 countries pledged to sign it in 2018.
http://www.forexminute.com/cryptocurrency-news/news-strengthen-cryptocurrency-v-48718 Title: Re: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: Justine on November 03, 2014, 07:56:33 AM People who evade tax and do money laundering are usually politicians and businessmen with connection.
Isn't passing the law shooting themselves in the foot? Title: Re: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: medUSA on November 03, 2014, 08:25:25 AM People who evade tax and do money laundering are usually politicians and businessmen with connection. True, but they "manage" their tax burden legally by shifting money around. They are not affected ;D Money laundering is a sensitive topic, no country should refuse to sign the agreement if they do not want appear as a supporter for terrorists and drug dealers. But "to establish an automatic exchange of information on bank accounts, tax returns, assets and income held over all jurisdictions" is a tough obligation. Title: Re: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: teukon on November 03, 2014, 11:28:53 AM The 51 countries in question (alphabetical):
Albania, Anguilla, Argentina, Aruba, Austria, Belgium, Bermuda, British Virgin Islands, Cayman Islands, Colombia, Croatia, Curaçao, Cyprus, Czech Republic, Denmark, Estonia, Faroe Islands, Finland, France, Germany, Gibraltar, Greece, Guernsey, Hungary, Iceland, Ireland, Isle of Man, Italy, Jersey, Korea, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Mauritius, Mexico, Montserrat, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Turks & Caicos Islands, United Kingdom. The 20 most economically free countries according to the 2014 Index of Economic Freedom (http://www.heritage.org/index/) (ordered from most free): Hong Kong, Singapore, Australia, Switzerland, New Zealand, Canada, Chile, Mauritius, Ireland, Denmark, Estonia, United States, Bahrain, United Kingdom, Netherlands, Luxembourg, Taiwan, Germany, Finland, Sweden. (Intersection in bold.) Title: Re: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: kanggoroo on November 03, 2014, 01:51:48 PM Still there was couple ways for that crime , money can buy everything.
Specially in 3rd country and poor country. Title: Re: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: seoincorporation on November 03, 2014, 08:14:11 PM This will affect bitcoin price :-[
Im seriously thinking about sell all now before the ship sinks. Title: Re: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: TaunSew on November 03, 2014, 10:29:18 PM Australia, Canada and Singapore would never sign treaties like this because their economies are based on rich immigrants who made their money from tax evasion, money laundering and corruption. Ironically these people do create a lot of jobs for locals like the construction boom and even healthcare.
Now Estonia, Ireland and Latvia being on the list is questionable as those countries really need money and there's a long list of rich people around the world who would love to live in those countries as long as the government turned a blind eye about where their money came from. What this has to do with Bitcoin? Probably nothing as Bitcoin is only like 500K-2M users and doesn't really register. 99.9999999% of tax evasion and money laundering is done in $Fiat. Title: Re: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: misterpressman on November 04, 2014, 03:23:20 AM LOL.. I think US signed that agreement long long ago.
Title: Re: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: worle1bm on November 04, 2014, 03:44:17 AM Probably not that relevant to Bitcoin
Title: Re: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: pattu1 on November 05, 2014, 12:21:58 AM This shouldn't affect bitcoin's price.
Taxes are the same, whether your transactions are denominated in fiat or in bitcoin. Title: Re: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: DhaniBoy on November 05, 2014, 10:58:08 AM I strongly support the agreement will be undertaken by 51 countries, I hope the whole world can sign a deal like this, in addition to maintaining economic security, it can also make economic criminals think a thousand times to commit money laundering to other countries, so that people keserjahteraan a country can be assured ... 8)
Title: Re: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: NeuroticFish on November 05, 2014, 11:01:17 AM People who evade tax and do money laundering are usually politicians and businessmen with connection. Isn't passing the law shooting themselves in the foot? No, it's exactly the opposite. It will affect only their competitors. Title: Re: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: moko666 on November 05, 2014, 11:05:28 AM biggest part of money laundering belongs to business man and politicians
on front they show themselves legal guys and on other side they avoid taxes, keep their blackmoney in foreign accounts there should be a low like if a politician found involved in money laundering then take an immediate action and punish them and permanent Ban in future for politics Title: Re: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: countryfree on November 05, 2014, 10:39:36 PM Somehow, the people needs to fight back. It's about time to get organized. The taxman thinks tax evasion is a crime, I think it's salvation against evil.
Title: Re: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: fdiini on November 06, 2014, 01:50:11 PM Somehow, the people needs to fight back. It's about time to get organized. The taxman thinks tax evasion is a crime, I think it's salvation against evil. Citizen of the west are getting more benefit from the government than getting taxed for. Why do you think everyone from 3rd world trying to get in the country? Title: Re: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: Nicolas Dorier on November 06, 2014, 04:52:40 PM Somehow, the people needs to fight back. It's about time to get organized. The taxman thinks tax evasion is a crime, I think it's salvation against evil. Citizen of the west are getting more benefit from the government than getting taxed for. Why do you think everyone from 3rd world trying to get in the country? I return the question : Why do you think every rich people from the West are trying to get their money out of their own country ? Title: Re: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: JohanM on November 06, 2014, 08:27:12 PM I return the question : Why do you think every rich people from the West are trying to get their money out of their own country ? Because: - governments can change and cannot be trusted - the legal system cannot be trusted - they want to pay 0 (or very low) taxes on the money - the money is from illegal activities and is increasingly difficult to hide Honestly I think this is one of the 2 main reasons why bitcoin could increase in value (by a factor 10 to 10,000). Why? Because when those countries agree that they exchange all personal bank data between each-other and on top of that agree that bank transfers from non-member countries will be taxed xx% only bitcoin, gold and cash will remain to get your money back. Since gold and cash are difficult to transport bitcoin will profit enormously. The second reason is a default of a big European country (like Italy, Spain or better France). Fear of a haircut tax will drive many into bitcoin. Title: Re: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: Sindelar1938 on November 07, 2014, 03:49:11 AM Yeah right. Tax evasion and laundering will continue unfettered, it will just be called something else
Bit like bribery and lobbying that are synonyms in truth Title: Re: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: kolloh on November 07, 2014, 05:25:40 AM Pretty sure money laundering is already illegal lol
Title: Re: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: teukon on November 07, 2014, 11:57:40 AM Yeah right. Tax evasion and laundering will continue unfettered, it will just be called something else Bit like bribery and lobbying that are synonyms in truth Jon Matonis suggested "financial thoughtcrime" (http://www.americanbanker.com/bankthink/money-laundering-is-financial-thoughtcrime-1058902-1.html) for "money laundering". Title: Re: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: Nicolas Dorier on November 07, 2014, 01:12:48 PM Quote Jon Matonis suggested "financial thoughtcrime" for "money laundering". No mention of the origin of the choice of term in the article. It appears in ninety eighty four for the curious. Title: Re: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: ruthless09 on November 08, 2014, 07:45:03 AM Pretty sure money laundering is already illegal lol It is illegal however the countries that have sign the agreement have agreed to work together to make it more difficult to hide the fact they are laundering moneyTitle: Re: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: cellard on November 09, 2014, 12:08:24 AM Whats the current state on Dogecoin laundering?
Title: Re: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: teukon on November 09, 2014, 12:42:30 AM Whats the current state on Dogecoin laundering? Ready to go! Unfortunately, the machine only takes fiat money and none of us have any. :-[ https://i.imgur.com/TxzjkBZ.jpg Title: Re: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: IBGigglin on November 09, 2014, 08:05:01 PM Thats hilarious :D
Title: Re: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: countryfree on November 12, 2014, 05:05:10 PM Somehow, the people needs to fight back. It's about time to get organized. The taxman thinks tax evasion is a crime, I think it's salvation against evil. Citizen of the west are getting more benefit from the government than getting taxed for. Why do you think everyone from 3rd world trying to get in the country? Not everyone. I don't. There's more economic growth and more opportunities in the third world than in most of Europe. Note also that many rich countries are close to collapsing, with huge and ever growing budget deficits. A few people are effectively getting more than they should, but most hard working people are wasting their lives contributing to a dying system. I encourage them to move and evade tax to get a better life. Title: Re: 51 countries signed an agreement to “end tax evasion and money laundering.” Post by: leopard2 on November 12, 2014, 09:46:59 PM Well, in the middle ages there was serfdom, to ensure people belonged to their leaders and could not escape
Today, people and their money can travel, so to eliminate competition between different regions, our leaders create this type of stuff, and once "tax evasion" is no longer possible.... THE LEMON SQUEEZING BEGINS. Welcome to the NWO. German politicians already discuss to increase the very successful and consumer friendly 25% flat tax on capital income, because with the agreement, victims can no longer escape so there is no reason to have a generous 25% anymore. >:( |
