/biz/ - Business & Finance

>>53571935
>you made a profit
>pay your taxes
>everyone benefits

its that simple

>>53571935
just transfer your crypto to a stablecoin and hold for 1 year, no kraut taxes then

>>53571957
Crypto to crypto is a tax event

>>53571957
crypto to crypto is a taxable event

>>53571963
not in germany
its only taxed if you realize gains into actual money

>>53571968
>"Beim Tausch einer Kryptowährung in eine andere innerhalb eines Jahres nach Anschaffung handelt es sich um ein privates Veräußerungsgeschäft", sagt Hartmut Schwab, Präsident der Bundessteuerberaterkammer.
oh no oh nononono

I im preparing my taxes currently, only made 2k from staking through the year. They want 400 Euro from me, but ive already turned it around to roughly 400 theyre gonna pay me if they accept all my claims. I just put a flat 2k in profit down, so im hoping theyre not gonna annoy me and demand all the transactions

>>53571935
>>53571994
What do you do if you made 2k trades with things like 1inch limits orders in it, which doesnt even make a transaction on the adress so impossible to find?
They would also not be able to add all in a audit
What do?

>>53572030
Crypto tax sites just give me impossible numbers btw and warnings that something is wrong

>>53572030
They apparently have automated tools that give what you owe from your address

>>53571935
HANSI GEHT INS KNAST

>>53572030
No clue bro sorry

>>53572044
These tools dont work on my adress, the arbitrage contracts i used are too complicated im sure

>>53572070
I see sites that claim to give a report for all trades for 200 euro. Maybe i do this and then they have the problem. I bet they would give me my money back and say impossible lol

>>53571965
How will they know?

>>53572306
CEX gives them your wallet address, they get all your trades from the address

>>53571935
you made the mistake of declaring your undeclared gains

>>53572306
Tax offices across the west are buying decent software now that gives them a retard level simple visual reflection of blockchain, wallet to wallet easily traceable, they build a big network of all possible wallets etc you have and so on.
To OP - you should play dumb but make an effort to be seen by them as complying and trying to remedy the situation. Best case scenario is, if you don't comply, they will rob you blind. If you play it wrong when they are investigating you, you're playing with fire big time

>>53571935
What did you do?

>>53572330
lived life in a cucked communist hellscape

>>53572030
If you cant find out, they wont either

Just ballpark it, or use only the transactions on the address

>>53571990
>Veräußerungsgeschäft

>>53572344
This is what would happen in a fair society.
Unfortunately the reality is different. What could happen if he does this, is that they build up a portfolio of wallets and txs and tell him they believe they are his, and he owes tax on them all.
He then has to either pay (could give a ridiculous number they've made up, plus penalties) or prove otherwise, else go to tribunal/court which is almost always futile as courts automatically back the tax office unless they've made a clear fuck up.

>>53571963
>>53571965
That's only in Murica tho? Did I miss anything?

What are the implications of the upcoming AI revolution, when we create everything we want virtually?

Also wouldnt that make meta one of the most valuable companies in the world, with their access to IG/FB database for models to train everything on?

>>53571935
just hold for one year fag, you basically get an opportunity to pay 0% (zero) tax and you cant take advantage of it because you are an attention span deprived degenerate.

In Austria they not made crypto-crypto a non-taxable event. Nice if you trade a lot. (Of course you still pay if you cash out).

The nice thing is NFT's are still tax free if sold after 1 year, so if you find an NFT that's relatively stable in ETH, you can still do the 1 year thing

>>53572416
>"Beim Tausch einer Kryptowährung in eine andere innerhalb eines Jahres nach Anschaffung handelt es sich um ein privates Veräußerungsgeschäft"
>'Simply put, hold your crypto for over a year before you make any gains, and in Germany, those gains will be tax-free!..'
it appears not, not unless you HODL for 12 months. Conversly, perform manual crypto HFT, you screwed.

In Austria they now made crypto-crypto a non-taxable event. Nice if you trade a lot. (Of course you still pay if you cash out).

The nice thing is NFT's are still tax free if sold after 1 year, so if you find an NFT that's relatively stable in ETH, you can still do the 1 year thing

>>53571963
this

>>53572315
You traded on a CEX and did not declare taxes? That's like literally retarded levels of stupidity.

>>53572334
Did you cash out large sums or what?
Why didnt you get a debit card and spend it here and there or use bitrefill?


I held over 12 month and cashed out, noone asked a thing but it isnt taxed anyway

>>53572507
>In Austria they now made crypto-crypto a non-taxable event. Nice if you trade a lot. (Of course you still pay if you cash out).
>The nice thing is NFT's are still tax free if sold after 1 year, so if you find an NFT that's relatively stable in ETH, you can still do the 1 year thing
Österreichbrudis wir gewinnen immer weiter

>>53572306
KYC is mandatory

>>53571957
>what is a bridge
>what is tornado cash
>what is swirl
>what is buying NFTs from yourself

>>53572328
Germany jails you for 50k in undeclared gains.

>>53571935
bei bei junimond

>>53571935
just hold only monero, problem solved

>>53571935
why didn't you hodl for a year? degenerate traders should be taxed 100%.

>>53571943
Nigger, some countries have nonsense tax rates up to 40-50% especially in Europe. How do you benefit from giving away half your profits you kikenigger? Not even the governemnt profits from that shit because it just hinders the market in that country and people are forced to tax their shit in a different country. If it was a reasonable amount like 20% tops people wouldn't be tilted over it

>>53573361
healthcare, schools, infastructure, welfare, homeless shelter, refugee aid etc. there is tons of good reasons for high taxes you greedy fuck

>>53571935
I don't have this issue with Monero + holding 1year+ LMAO

>>53571943
his taxes go to mutumbu and ahmet

>>53573508
and? these people have been victims of systemic racism in germany for dozens of years. they deserve to benefit from high taxes the most. germany is one of the richest countries in the world so they can afford to give more to those in need.

>>53573436
>These tools dont work on my adress, the arbitrage contracts i used are too complicated im sure
...and yet you mentioned not a single one.

>>53573436
...and yet you mentioned not a single one.

>>53573523
>these people have been victims of systemic racism in germany for dozens of years
KEK

>>53573523
Netter Versuch

>>53573523
kys

Fake shill demoralization thread. The catalog is filled with demoralization threads. Ignore.

>>53573436
Please neck yourself along with your refugees, neets and hobos you commie fuck

>>53571935
You must leave your homeland, Hans

What if you buy usdt with your Euro and then 1 min later buy link with the usdt. How is that taxable! That does not make any sense.

>>53573814
Half of the post ITT are literal bot posts. And most of them straight up disinformation

>>53571935
Next time, use a privacy wallet to hide your portfolio and transactions.

>>53571935
All they have to do is watch the money flowing into your bank account. They don't have to understand even a single thing regarding crypto.
It has always been like this. And yeah, taxes are a scam to keep normgroids poor and desperate. Keep making more money.

>holding my scheissecoins for 5 years
>its steuerfrei
fühls gut man

As a foreigner, do you have to pay taxes to the German government if you cash out into a German bank? Or how does that work?

>>53575818
Of course not

>>53573436
>healthcare so you can wageslave more reliably
>schools that lead to no jobs
>infrastructure that leads to no investments
>welfare that leads to no innovation
>shelters for drug addicts
>aid for invading leeches
>if you don't agree with all that, you're greedy!

>>53575181
>Half of the post ITT are literal bot posts. And most of them straight up disinformation
Nobody gives a fuck enough about this shitty Mongolian kayak board to run bots on it, much less with ~disinformation~

It's just retarded euros, who may as well be bots

>>53575855
Okay... even if you live in Germany?

asking for a friend btw (he's an international student in Germany)

>>53575937
If you live in Germany then of course its different.

>>53572507
source?

>>53575015
Pls respond, I might have autism

>>53573006
doesnt matter, you can follow every tx on chain and if it goes to a bridge or tornado they'll consider it a sell unless you prove otherwise

>>53575015
tax wise:
tx1: +x usdt. -y euro
tx2: -x usdt (equivalent in eur). + z link (equivalent in eur)
you wont be taxed because it's only 1 min but if you then swap your link to eth after link goes up, it's as if you sold your link to euro.

>>53571935
Good.

>>53571943
dude he has to pay yuropoor taxes. We don't call them yuropoors for no reason lmao

>>53576193
The thread really neeeded Cleetus from West Virginia here to jump in

>>53576231
Cleetus gets to keep more of his paycheck than you kek

>>53576183
Thanks, then I am safe. That’s how I understood it. Just wanted confirmation.

>>53573001
Buying crypto without KYC is as easy as ever. You just need to actually do 5 minutes of research.