Would you move to a tax haven to protect your crypto trillions?

[civiszero]

Hmm depends how much tax are we talking about

[gentlemand]

Hmm depends how much tax are we talking about

Ok. As a ball park to get your mind whirling you have 8 million dollars worth that's almost all pure gain. Now tell us what you would do, that's if you're taxed at all. You may not be depending on where you live.

[colmenajose]

Of course I would move to a fiscal paradise to protect my investment, and continue to produce more wealth for the benefit of me and my family.
 

[cindygirl]

If you had trillions then there wouldn't really be a need to avoid tax on it. If the tax you could save would make a significant difference in your life and that would outweigh the costs of moving, both monetary and emotional then I don't see why not. For me if it was say a couple of million dollars that was being taxed at around 40% then I would probably move.

[countryfree]

Where did you head?

Unfortunately most of them are islands. I like hanging out in Monaco too but that's even more repulsive than the island ones I've been to. Most of them seem to consist of resentful locals and entitled tax dodgers which doesn't make for a harmonious society.

There's no single easy answer. You must not think about moving, you shall think about spreading.
 
There's one country which gives me a passport.
There's one country where I've registered one business.
There's one country where I own a house.
There's one country where my car is registered...

[Don Pedro Dinero]

If you had trillions then there wouldn't really be a need to avoid tax on it. If the tax you could save would make a significant difference in your life and that would outweigh the costs of moving, both monetary and emotional then I don't see why not. For me if it was say a couple of million dollars that was being taxed at around 40% then I would probably move.

This. If it was trillions I think I wouldn’t care, I would have so much that I could pay tax and have enough money to live the rest of my life. However, if it was something like 5.000.000 €, I would consider moving to a tax haven for a while, but I would prefer Bahamas of somewhere in the Caribbean.

[TheQuin]

Yes, you would have to provide the UK tax man with plenty of satisfaction before he lost interest. I think you'd only be able to visit the UK for 90 days of the year or 180. But on top of that it's subjective on their part. They want to be sure you've done a clean break and aren't just dabbling and there doesn't appear to be a definitive set of steps to prove that.

That's partly due to UK tax regulations being a lot tougher on expats than a lot of other countries. I used to go to The Cayman Islands on business and met a British guy there who was living in Spain and The Caymans. He needed to spend 1 day over 6 months in each year to qualify as a resident there.

To answer the question I would consider it but it would have to be a hell of a lot of money.

[civiszero]

Where did you head?

Unfortunately most of them are islands. I like hanging out in Monaco too but that's even more repulsive than the island ones I've been to. Most of them seem to consist of resentful locals and entitled tax dodgers which doesn't make for a harmonious society.

There's no single easy answer. You must not think about moving, you shall think about spreading.
 
There's one country which gives me a passport.
There's one country where I've registered one business.
There's one country where I own a house.
There's one country where my car is registered...

I do not undestand this one

[civiszero]

Hmm depends how much tax are we talking about

Ok. As a ball park to get your mind whirling you have 8 million dollars worth that's almost all pure gain. Now tell us what you would do, that's if you're taxed at all. You may not be depending on where you live.

Allright , if i had 8 million i would migrate to iceland cash out 4 million and start a legit mining company to leverage on taxes. Then the other 4 million , 2 million i would invest in privacy coins and buy gold with and the other 2 million i would reinvest and pay out in for instance indonesia to live for cheap and run my empire