Thread: Transferwise
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Old 12-05-2014, 10:10 AM  
Sid70
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Join Date: Dec 2002
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Quote:
Originally Posted by blinki bill View Post
Sorry dude but you are somewhat retarded. What taxes you have to pay depends on where you are tax resident not the service used to transfer the money.
WU does not magically launder your money, yes you may have to sign that the money are personal transfer but this is not because they magically 'washed it', it's because they are not allowed to process payments in your country. If you receive payment from WU and sign it as personal you are commiting tax evasion, obvously authorities won't catch you for small amounts but try receiving 50-60k usd every month as personal and you'll find yourself under investigatin in no time.
Enough with this 'retard' gigs, it's not funny anymore, seriously. Do you want me to come down that level? I guess no.

It's understood we don't talk 50-60k /mo, there are def much better ways to work out that amount.

I wanted to ask if Sam sends a WU of $300 to Ivan via their system as a non-business transfer, personal transfer, should Ivan pay income tax or not.

How about not going crazy?
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