The Government is considering raising capital gains tax to 40%.
This would be a disaster for cryptocurrency investors.
In this video, we'll be discussing the implications and whether it's possible to avoid it.
Link to my Ultimate Book Guide: https://louis-thomas.teachable.com/p/crypto-investing-ultimate-book-guide
▶️ 3Speak
While Singapore has zero capital gains tax.
But if youre caught littering your executed lol
If only a law was in place to lose a finger for 3rd time stealing. Cold blooded murderers hanged in public. I'd support this 1000%.
Jealous ☹️
The Netherlands doesn't have capital gains taxes as well, not for individuals at least. That said, if we want to have safety-nets for our fellow citizens, we will have to contribute to society in one or the other way. You income tax is pretty low, compared to Netherlands, it's up to 50% in my country. A view in to crypto: Many dont spend too much time, but earn shitload of money in crypto. Sure, risks are higher as well. Others may spend a lot of time in crypto, may not have another income than from crypto trading, earn well, but contribute much less than employees to society. Its questionable of thats a fair system. You could also argue to leave all the safety-nets from government. The result will be a lot of people will be super poor whilst a few will become even much more rich than they are and eventually, the middle class will seize to exists.
I'm currently studying in the UK, so I'm a resident there and have to pay taxes. However, I am done in one year, and will go back to Lebanon where I don't pay taxes.
Hopefully I won't get a job after I graduate, will be better off financially 😂
Youll prpbably pay more in taxes in USA than your whole wage in lebanon lol .
Your work should be 100% online so it doesnt matter where you are . Then just use XMR Monero to hide your moneh and no one will ever know.
I think instead of raising taxes they should just stick it on the never never because thats all it is anyway. The only way they getting out of the hole they are in is to inflate the debt away and crush everybody simultaneously eventually. This is why precious metals are vital insurance. The golden era of crypto is over. They are going after all exchanges so they can push an ETF through and give this wealth to the big guns.
Thanks for raising awareness about this new proposed law in the UK. Many governments tend to push similar laws if it passes in major jurisdictions.
The people with a stake in the matter should definitely organize on a global scale and form an international lobby and political foundation in order to make sure that democracy works as is intended and that their voices are being heard.