/biz/ - Business & Finance

Good question, how am I supposed to cash out half a million without losing 30% to pay for shitskins and single moms welfare

>>17517985
move somewhere else, then move back

>>17518023
This

Irc Portugal does not levy taxes on crypto trades.

>>17517985
You can't. Unless you have a permanent residence in a tax free country, which is expensive. And if you try and fake it, they will come check on you on a regular basis. No kidding.

>>17517985
All in DAI, into the DSR for 8% APR. Fly to Japan. cash out $15K. Fly home. Live for a quarter or two if you're frugal. Buy BTC on the pain, sell for 10% gains. Buy some ARPA.

Repeat.

>>17518062
based

>>17518062
delete this

>>17517985
Laughs in Monero.Crypto? What crypto?

>>17518053
How long do you need to reside before being able to cash out tax free?
Lets say I have 500k in tether
Can't I just go to Portugal, live there for one year for like 10k in rent, then cash out and get the full 500k.
Instead of losing 150k in a taxed country.
1 or 2 years in Portugal or some other cheap shit hole doesn't seem like a bad trade off
What's the catch here

lose everything, like the rest of us

>>17518099
Portugal is not a shithole...you seem like a german faggot

>>17518125
t. favella dweller

>>17518099
I don't know about Portugal. But I have a friend who tried it, by buying an apartment in Monaco. He thought declaring his permanent residency there was enough. They actually sent agents to check on that apartment and ring and knock a few times. When he was never there, they visited him at his real home, in western Europe.
It doesn't work.
What does work is to declare no residence at all! And travel constantly, living in hotels only. But who really wants that? And who can and wants to afford to?
And that sort of lifestyle?
To evade taxes in Europe is nearly impossible. At least unless you are a billionaire already.

>>17517985
Just go to a couple trader or bitcoin offices and ask if they can know someone that can trade bitcoin for cash. Not hard to find even for large quantities. Usual they will take 5% commission.

And then don't declare it and don't get robbed.

>>17517985
I live in a country without a tax on crypto. but it seems that proving that you made money on cryptocurrency to boomers in tax department is extremely difficult

>>17518344
Right. Hey, I trade all your Bitcoin for cash. Trust me. Promise. You got my email address as a security...

>>17517985
hold 1 year in germany

Start a charity for stray dogs (or cats if you're homo)
Register the charity
Get a couple of shitty looking mutts
Make website for your charity with BTC address for donations
Slowly donate to your charity from different addresses
Profit

>>17517985
get a crypto visa card and just buy everything you want without cashing out

>>17518053
>fake
Why fake though, pay 7 months in rent in Slovenia, use Tinder while you’re there, start a company and pay yourself 7 months worth of wagecuck taxes (2500 eur in total) and you’re Gucci.

>>17518790
Right! Fake because you have to live there 7 months out of year if you want to or not!

>>17518552
This too. Also I think it’s like 1.5% in the Netherlands.

They actually come check that dress and see if you are actually living there is what I was trying to tell you.

>>17518799
That’s what I’m saying though, why would you fake it if all you have to do is live there for a while.
If someone approached you and offered half a million euros in exchange for living in Slovenia for 7 months wouldn’t you go for it?

>>17518001
Register a business, cash into company, buy assets (property etc) to reduce tax down as much as you can. When needed sell assets / cash into bank as a directors loan / dividends / wages.

>>17518818

Some of us have an established life, family, a house we like, and so on... who wants to move?

Answer was meant for rz7cXbTI

>>17518099
Could work if you are not american. If you are then you pretty much are a slave to the jews and have to pay tax wherever in the world you live.

>>17518001
>he thinks its only 30%

By law! Banks in my country have the obligation to report any transaction incoming greater than 49.999 Euros to the tax authorities. So what are we gonna do? Pay taxes. There is no way around it in the end.

>>17519225
Yes there is, move to countries that respect your freedoms, you will save so much money that you can afford to fly in to visit family often enough.
Europeans are called europoors for a reason, only old family wealth thrives here. Unless you are already part of the real-estate/art tax haven nobility, there's no point in staying here, economically speaking.

just don't pay them lol

>>17519453
I have family, real estate, and a life in Europe. I don't want to leave. That is why I said earlier... lifestyle... sure you can evade taxes if you want... but you'll live alone and like a constant fugitive.

>>17519530
Well, you decided to play the europoor game, good for you. I'm not gonna deny that european countryside is the comfiest, and I would dig enjoying that year round when I'm old.

> sure you can evade taxes if you want... but you'll live alone and like a constant fugitive.
I'm not talking about "evading" taxes, in the sense of running away from the law. There are plenty of countries where you can establish permanent residence and live comfortably without being extorted by their ruling class.
Thankfully, as far as I know only citizens of the US panopticon are bound to be taxed by it even when not residing in the country, we europoors are still freer in that regard.

>>17519453
As if any such countries exist.

inb4 USA
Yeah good luck getting residence there. Also you would have to bring your own wife since women there suck ass.

>>17518023
>>17518028
Does not work

>>17518099
Seversl years, and you have to cut ties to your hole country and prove that to the tax administration. Very difficult, almost impossible to do.
>>17518142
This

>>17519662
>Thankfully, as far as I know only citizens of the US panopticon are bound to be taxed by it even when not residing in the country
This is not true, many europoor countries do the same to some extent. Even if you manage to get it working, that lifestyle sucks.
t.someone who tried

>>17519662
You don't understand. I AM the ruling class. I am the one who knocks (to put it in Heisenberg terms).. for me there is no escape from taxes.
And that's ok

>>17519453
>move to countries that respect your freedoms
I really really hope you aren't American and therefore talking about America, but this kind of delusion usually comes from Americans.

>>17519678
>>17519799
There are plenty. Some small tax haven countries even only require living there 1 month per year to establish tax residency.
Of course I'm not talking about the USA, apart from lower taxes and guns they are absolutely cucked by their government, they need to renounce citizenship to not pay taxes even while living outside of the US, and the government apparently makes it very difficult and often refuses citizenship renunciation.

>>17519715
In France it's only 1 year living in another country for 6 months and 2 weeks. After that you are "legally" free from French tax authority and you can chose to establish residency and pay your taxes wherever is more convenient. It's very much possible, I know several people that have done it already.

>>17519773
Sorry about that, don't give up though. Your children, if you have any will thank you.

>>17519779
Why do you assume I don't understand ? I literally said
> you decided to play the europoor game, good for you.
Good for you, but the thread opener was "How to avoid taxes?"

>>17518564
thank you for that, once I make it I know what to do now:)

>>17519773
name one eu country that taxes on citizenship rather than residency
if you comply with the rules of your new country you should be set tax wise: usually its something like stay slightly longer then 6 months in the new country and do this for a year to be set

also getting new residency is still fully supported by the eu and there are several countries that still do not tax crypto
but do not fake it go live in portugal for a year ensure you are fully registrated with the local authorities, living in portugal with the gains from northern economies can be quite nice

>>17517985
you can buy drugs and sell them, buy gold and silver with monero, or spur adoption for monero and use it as an actual currency.

There's also mitigation strategies you could take by creating shell businesses or something but I dont know taxes cause I have no money

>>17518858
>When needed sell assets / cash into bank as a directors loan / dividends / wages.
and then you pay taxes
so what is the point of this overcomplicated exercise?
just move your tax residency and you are good to go

>>17517985
Puttana la madonna

Move to Slovenia, get citizenship.
Hodling cryoto assets is not taxed when converted to fiat.
Only trading is taxed when annual volume bigget than 1mil
You're welcome

https://www.youtube.com/watch?v=TcDOvRvjP5w

>>17517985
move to Czechia
15 percent capital gains tax

>>17518001
Let me know what happens when you try and cash out half a million from an exchange.

>>17517985
what are you doing in europe ryan

>>17517985

You either don't cash out, or you buy gold online and sell it to pawn shops

>>17520935
How many % would you actually lose with a pawn shop jew in a crypto to gold transaction? And cash is nice for short term consumerism but what if you want to use your gains to buy a house or reinvest in some safer assets

>>17519957
Ireland, Sweden, Finland, Norway and many other countries have special rules which prevent you from getting rid of tax residence even after moving to another country

Bulgaria has 10% tax btw

>>17517985
Motorcycles are unbelievably SICK but I'm a huge pussy that fears bodily injury so I don't ride them

>>17519873
Do you have to live in another country for 6 months before cashing out, or you only need to live more than 6 months in this country for the year when you cash out ?
For example let's say I live in France and cash out in march 2021.
If I then move out to a tax heaven in april and stay there until december will I have to pay taxes in France too ?

>>17517985
Bump and Israel has no right to exist

>>17521423
This KTM is a helluva ride. 850cc skeret vroom
Vroooommmw

>>17521477
Yes.
Macron and merkel are
Pieces
Of shit
Liars and thieves
Open borders
Is a
Scam
And dirtier than nigger
Is jews

>>17521504
>>17521519
>>17521524
based!

Andorra is an option with no capital gains tax

“Category A” residency requirements: spend between 90 and 182 days in country. Prove you have invested more than 400,000 euros in the Andorran economy (for example, 400k of gov. Bonds (possibly buy property in country worth more than 100k?)

This gets you residency and you can cash out with no tax.

>>17518859
>didn't sell house, wife and kids for more crpto
>ngmi

>>17521273
finland requires you to file a report, but should clear in a year
norway and sweden make more trouble if you have stayed there for 10 years or longer, but still possible if you do it right
ireland appears to be a bitch to born irish, don't care enough do research indepth

it seems you have to severe all ties with the country: don't own real estate, a business or have a wife/kids left behind and you are good to go
fill out the required forms you are planning on bumming around portugal for a year and then get a fat payout so do the little paper work that is required

>>17522258

Hey, as long as dark skinned people can rape swedes, all is well, is it not? Political correctness scale: Sweden: dream