Coincrazy (OP)
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April 11, 2013, 03:30:47 AM |
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Hi
I live I a county where there is no capital gains tax
I will be sending money to the bit coin exchange from this country and taking back the money after sale to this country
- Do i have to pay tax to the american or the japanese governments ( where most exchanges / buyers are )
- if so What rates will I have to pay as capital gains tax o the American or Japanese governments
Just to repeat - I am NOT A citizen of and I do NOT LIVE in USA or Japan
Regards
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Stampbit
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April 11, 2013, 03:38:00 AM |
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If you have any assets in the US, if you've ever stepped foot in the US, if you've even sent a letter to the US, our government wants what you have.
Actually let me correct that, kim dotcom and julian assanage did none of those things and still have been attacked by the US. Yeah, just go ahead and send the IRS a check anyways.
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Coincrazy (OP)
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April 11, 2013, 03:46:14 AM |
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If you have any assets in the US, if you've ever stepped foot in the US, if you've even sent a letter to the US, our government wants what you have.
Actually let me correct that, kim dotcom and julian assanage did none of those things and still have been attacked by the US. Yeah, just go ahead and send the IRS a check anyways.
Thanks fit the answer I appreciate you taking time Just so that others here understand me , and to clarufy further , I do NOT have to pay tax in USA for trading in shares or ETF in US stock exchanges So I think my question needs some more discussion Regards
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Stampbit
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April 11, 2013, 03:54:50 AM |
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Oh you wanted a serious answer, well the fact is any asset that has touched US soil become taxable, even if you are not a US citizen. We as US citizens have to pay taxes on all assets, foreign and domestic. If your coin is tied to your identity and you want to keep good relations with the US it is advised you pay taxes, otherwise its up to you.
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||bit
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April 11, 2013, 04:45:27 AM |
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Oh you wanted a serious answer, well the fact is any asset that has touched US soil become taxable, even if you are not a US citizen. We as US citizens have to pay taxes on all assets, foreign and domestic. If your coin is tied to your identity and you want to keep good relations with the US it is advised you pay taxes, otherwise its up to you.
The Mt.Gox exchange is in Japan. Nothing happens in the USA as far as I can see.
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Stampbit
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April 11, 2013, 04:49:10 AM |
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Oh you wanted a serious answer, well the fact is any asset that has touched US soil become taxable, even if you are not a US citizen. We as US citizens have to pay taxes on all assets, foreign and domestic. If your coin is tied to your identity and you want to keep good relations with the US it is advised you pay taxes, otherwise its up to you.
The Mt.Gox exchange is in Japan. Nothing happens in the USA as far as I can see. i thought it sold to coinbase and now its in the US.
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myrkul
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April 11, 2013, 04:53:09 AM |
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I believe the FinCEN ruling was that when you cash out, you pay any gains tax in your polity. IANAL, seek a tax professional in your country versed with international finance, don't blame me if you go to jail.
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Coincrazy (OP)
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April 11, 2013, 07:08:33 AM |
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I believe the FinCEN ruling was that when you cash out, you pay any gains tax in your polity. thanks any links ? IANAL, seek a tax professional in your country versed with international finance, don't blame me if you go to jail. :-) sure ..... myrkul is to be blamed :-)) ... did I miss that k"not' ?
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Coincrazy (OP)
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April 11, 2013, 08:20:30 AM |
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thanks I can see why the big investors must have jumped in after this !!
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