Give me a list of countries in which Bitcoin -> cash transactions

>>1968721
Somalia

File: BITBEAN.png (80KB, 700x740px) Image search: [Google]

80KB, 700x740px

>>1968721
Beanerland aka mexico

>>1968721
USA

>>1968888

1) Fuck you
2) Actually, If you make a profit from crypto, you do need to pay taxes if you decide to convert them back into mexican pesos. The IRS equivalent over here has already made it clear and acted surprisingly quick since they don't want bad hombres cleaning their money trough crypto.

>>1968721
The UK

>>1968721

>reporting your bitcoin transactions to the IRS

Is there a reason for this? How the fuck would they ever find out?

>>1969688
>get 10 million dollars in gains
>want to buy house / car / boat / not work / etc
>cash your bitcoin to make it happen
>irs looks at your lifestyle
>asks you where you got the money
>lawl idk bro
>go to prison for tax evasion

Crypto are not taxed in denmark unless you have a business with it

Its regarded as a private asset

http://www.coindesk.com/denmark-declares-bitcoin-trades-tax-free/

Literally only good thing about this socialist shithole desu

>>1969776
Good to know.
Maybe i will move to Denmark when i get cryptorich.

>>1969742
How about "I have millionaire grandpa on other side of the globe" ? Cuz I have (he's not millionaire tho.

>>1969830
Or "My millionaire brazilian boyfriend always send me money"

File: BitBean-final-teambean-01.png (43KB, 890x251px) Image search: [Google]

43KB, 890x251px

beanland

>>1969776
Same for Belgium

Afaik germany after holding a coin for more than one year

>>1969742
Pay tax bill.

Tax man rarely looks at anyone that isn't actually reported. Think about how many people are in any given country really think about it. Then think about the few thousand employed to catch tax dodgers while every single person lies on their tax.

In the Netherlands financial transactions are not taxed.
The Dutch IRS considers bitcoins not a currency, but a good. But in the entire EU bitcoins are not taxed with VAT.

So bitcoin transactions are tax free.

Bitcoins are considered savings.
So if you report your bitcoins, you have to pay 1,2% tax over everything above 50.000 euros.

So if you have 100.000 euros worth of bitcoins, you pay 600 euros taxes.

>>1969891
Well, it's above 25.000 euros if you do not have a partner.

>>1969894
What kind of loser doesn't have a partner.

Germany
Have to pay tax if you cashout within 1 year

>Germanys gov doesnt actually know how to regulate it since transactions are multiple appearances.

>tfw germany cannot understand that the internet cant be regulated.

File: mergers and.gif (780KB, 500x258px) Image search: [Google]

780KB, 500x258px

>>1969898
Me. The loser who studied tax law.

>>1969903
They actually made the formula a lot more complicated in 2017, which favours everyone with less than 285.000 euros in savings. But I don't feel like writing it all out.

>>1969841
Nope.
In Belgium you must declare crypto gains in "diverse revenues" (33% tax) or in "profits" if you traded repeatedly during the year (more than once = professional = 22 to 50% tax)

>>1969912
Where did you get this info?

>>1969912
Whaaaaaaat?

>>1969923
Yeah I was under the impression that Belgium = no capital gains tax therefore my crypto profits are also tax free. If that's not the case I am fucked

>>1969912
In the Netherlands actual profits you make with your savings (incl stocks and bitcoins) are ignored by the IRS.

They IRS just assumes your profit consists of a certain percentage of your savings. And you pay taxes over that. Which is why the taxes on your savings are so low.

For people who just leave their money on their bank account and get no interest this is bad news.
But if you actively trade in stocks or bitcoins you can get high profits and get taxes over barely anything.

>>1969928
If you make 100% profit they still pretend you only made a few percentage profit.

>>1969666
i dont understand how anyone can launder using crypto, dont you still have to buy the crypto? How do they explain their initial money for the purchase?

>>1969926
That's what i tought too.
http://www.coindesk.com/belgium-tax-vat-bitcoin-transactions/

>>1969931
The IRS of most countries tends to be understaffed. So if your little scam can't be dealt with in a standard way and it doesn't fit into their priorities then they ignore it. Until you happen get their attention for some reason.

I know that our IRS has a list of which kinds of frauds they don't pursue in court for example. And which kinds of frauds they wish to prevent.

>>1970002
Although if you annoy some tax inspector they might make it personal. So always be polite.

>>1968721
>give me

fuck off, millenial

>>1969742

Only 800 - 900 people claimed btc on their taxes...

Which is why the irs is going after coinbase.

>>1969931
Run a legit Bitcoin casino
Make it fully legal, registered in Malta for instance
Gamble with your own dirty money

Done.
Yes, it is that easy to launder dirty Bitcoins.

The only catch is expensive legal fees. Countries like Malta typically charge 10000$ / year for gambling licenses.

No problem if you want to launder $100000 or more.

File: 1489588605114.png (115KB, 246x241px) Image search: [Google]

115KB, 246x241px

>>1969742
>Living in extravagant wealth
>Not laundering your untaxed bitcoin-cash into solid gold and other commodities and stashing it securely

>>1969742
A question. Let's say I own a lot of bitcoins acquired from altcoin pump-and-dumps, and I decide to sell them on coinbase ($10,000) to my bank account. Doesn't they report it to the IRS or something? I mean the IRS can probably see my transaction.