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Alias
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Money be green
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December 26, 2013, 12:20:20 AM |
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My interpretation of this is simply that you don't have to pay "income tax" - that does not necessarily mean that you don't have to pay "capital gains tax".
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In times of change, it is the learners who will inherit the earth, while the learned will find themselves beautifully equipped for a world that no longer exists.
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Jbanna
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December 26, 2013, 04:07:52 AM |
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now... how do we become citizens
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jonanon
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December 26, 2013, 06:15:06 AM |
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That's a good start, now we need the same response from a few more countries!
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skeet
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December 26, 2013, 06:49:52 AM |
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In my opinion Slovenia might be an exception here but more countries will absolutely taxed those people who generate income selling Bitcoins.
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glub0x
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December 26, 2013, 07:40:21 AM |
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In my opinion Slovenia might be an exception here but more countries will absolutely taxed those people who generate income selling Bitcoins.
France is a good option too i belive over 50% is taxed if amount >100 000k euro! but hey only 15% if < 5 000
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The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactionsSatoshi Nakamoto : https://bitcoin.org/bitcoin.pdf
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Ecurb123
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December 26, 2013, 12:55:23 PM |
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I really like Slovenia, it's a nice place and this is good news to hear. But to me I don't really care that much if we have to pay capital gains on the sales, because that's just like anything else. In fact maybe if will end up being a positive because it could encourage people to use bitcoin rather than sell it for fiat.
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bryant.coleman
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December 26, 2013, 02:12:13 PM |
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This announcement will give an enormous boost to Bitstamp. The exchange is registered in Slovenia.
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Bitcoinpro
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December 26, 2013, 05:24:14 PM |
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would only be temporary
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WWW.FACEBOOK.COM
CRYPTOCURRENCY CENTRAL BANK
LTC: LP7bcFENVL9vdmUVea1M6FMyjSmUfsMVYf
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AnonyMint
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December 27, 2013, 12:33:44 AM |
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What about VAT? EU harmonization?
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BitAddict
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December 27, 2013, 12:36:53 AM |
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More places where you don't pay capital gains tax on bitcoin?
I would like to see a list:
1. Slovenia 2. 3. 4. 5. 6. 7. 8. 9.
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Xendrios
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December 27, 2013, 12:54:51 AM |
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More places where you don't pay capital gains tax on bitcoin?
I would like to see a list:
1. Slovenia 2. 3. 4. 5. 6. 7. 8. 9.
I believe there's no capital gains tax in my own country (Belgium)
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bryant.coleman
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December 27, 2013, 04:01:04 AM |
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More places where you don't pay capital gains tax on bitcoin?
I would like to see a list:
1. Slovenia 2. 3. 4. 5. 6. 7. 8. 9.
I think in Switzerland there is no Cap Gains on Bitcoin profits. However, there is a wealth tax.
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gamybtc
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December 27, 2013, 04:06:07 AM |
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I hope it is available in Asian countries? Haha.
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BTC : 1fDTCkVcJ7SaVnoFjA5U1xfHQVfv1BWCb
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bryant.coleman
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December 27, 2013, 10:43:10 AM |
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Yeah so exclude wealth tax countries too. As far as I'm aware Belgium, Germany and the Isle of Man should be on this list.
Why exclude the wealth tax countries? The maximum wealth tax in Switzerland is 1.6%, which seems minuscule to me. So Switzerland should be on that list.
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Tomatocage
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brb keeping up with the Kardashians
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December 27, 2013, 03:27:13 PM |
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My interpretation of this is simply that you don't have to pay "income tax" - that does not necessarily mean that you don't have to pay "capital gains tax".
Then I believe you misinterpreted. How exactly does one misinterpret "individuals who generate income by selling bitcoins will not pay income tax."
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bryant.coleman
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December 27, 2013, 03:27:31 PM |
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What if the yeild is 10,000 percent? 1.2 is small eh?
This is exactly why I asked the question. And one more thing... I think that the 1.6% tax applies in Switzerland only if you owns more than 1 million CHF worth of coins. For the other slabs, the rate is much lower.
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Tomatocage
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brb keeping up with the Kardashians
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December 27, 2013, 04:36:16 PM |
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My interpretation of this is simply that you don't have to pay "income tax" - that does not necessarily mean that you don't have to pay "capital gains tax".
Then I believe you misinterpreted. How exactly does one misinterpret "individuals who generate income by selling bitcoins will not pay income tax." Because you claim there might be a capital gains tax while it clearly says there isn't. It wasn't me, it was Alias. Can you verify that CGT does not have to be paid either?
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BittBurger (OP)
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December 27, 2013, 05:21:48 PM |
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1. Slovenia 2. Germany 3. Isle of Man 4. Belgium 5. Switzerland (1.2% tax) 6. 7. 8. 9.
Any others yet?
As a side note, we joke about citizenship, but I see no reason why it wouldn't make sense to do two things immediately: Work on citizenship (dual?) and set up a bank account there. If you are going to cash out large quantities, you'll want a bank account that has some longevity and activity, so as to avoid questions from the bank. No reason why you wouldn't set that up now and begin accruing longevity.
As for citizenship, do you have to renounce your US (or other) citizenship to get citizenship in one of these other countries? I mentioned "dual citizenship" because I've heard of such a thing. Know nothing about it though...
-Burger
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BitAddict
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December 27, 2013, 05:28:18 PM |
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1. Slovenia 2. Germany 3. Isle of Man 4. Belgium 5. Switzerland (1.2% tax) 6. 7. 8. 9.
Any others yet?
As a side note, we joke about citizenship, but I see no reason why it wouldn't make sense to do two things immediately: Work on citizenship (dual?) and set up a bank account there. If you are going to cash out large quantities, you'll want a bank account that has some longevity and activity, so as to avoid questions from the bank. No reason why you wouldn't set that up now and begin accruing longevity.
As for citizenship, do you have to renounce your US (or other) citizenship to get citizenship in one of these other countries? I mentioned "dual citizenship" because I've heard of such a thing. Know nothing about it though...
-Burger
Are you sure that if in Germany you buy 5,000€ in bitcoins and after some time you cashout 50,000€ you have 0% to pay? No capital gains tax? No other tax? I don't think is that easy.
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