/biz/ - Business & Finance

[Anonymous No.11632747]

Daily reminder to ausfags that EVERY crypto trade is taxable. That means buying BTC with AUD as well as buying LINK with BTC and then selling LINK for BTC. NOT just cashing out to fiat like most of you think.

You have to include your hundreds of "shitcoin" trades in the calculations of your capital gains.

Most of you have committed tax fraud and you WILL be caught eventually. Australia has data sharing agreements with other countries where exchanges are hosted and they will gladly hand over your trades. Have a grouse day.

[Anonymous No.11632781]

>>11632747

>cash out initial investment
>if total profits under 1MM
>quit job, close bank, cut all ties with Australia
>go to Phillipines
>stay there 6 months and become a tax resident
>cash out there with their low tax rate
>if total profits over 1MM
>go to Saint Kitts and Nevis
>pay 100k for citizenship
>cash out tax free
>chuck aussie citizenship in garbage can where it belongs

There. ATO legally BTFO'd.

[Anonymous No.11632789]

>>11632781
Btfo OP. OP is pic related.

[Anonymous No.11633374]

>>11632747
why you keep making these threads? We're all either fucked or not by not. Tax time is closed

[Anonymous No.11633388]

>>11632781
Based

[Anonymous No.11633398]

>>11632747

Go fuck yourself and the ATO. Wannabe American following fags.