Quote:
Originally Posted by StefanG
On a serious note (as if you cared): My Bitcoin exchange provides statements that i can use to file taxes and according to local laws i pay tax on capital gains if i sell in less than 5 years after purchase. And they have my ID docs and address.
So at the end it is up to anyone to follow the laws and pay taxes where applicable
And I think we can all agree that banks are only shitting their pants about losing business and therefore fight crypto currencies wherever they can
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That is why people now moving. Why would you pay capital gains on bitcoin? If i buy USD's and they become worth more i don't have to pay tax on that. Sweden also taxes bitcoins and people with a lot of bitcoins will leave.
In Holland they just see it as capital. If you have more than 20.000 euro capital (house/stocks/cash), you pay 0,7 - 1,2% on the amount you have above 20.000 euro. They don't look if and how much money you made from it.
How high are the taxes on capital gains in Germany or Czech republic?