well, one of the perks of living in a dysfunctional third-world country like mine is that you don't have to worry about tax or even the government and its agencies because there are always loopholes to exploit. I have never paid any direct income tax in my twenty-something years on this planet. That might change when I migrate and it's something I think I need to understand a lot better.
I hate to say this, but what we really need are for people to suffer for the greater good. We need people to be brought to court and lose. We need the government to demand the defendants to hand over their crypto and have them say "No", or "I lost it in a boating accident. Sorry." We need these people to go to jail for 5-10 years and then come out as billionaires. Gee, I wonder what they are going to do with all that money once they get out.
will they play fair--the government? when pushed to the wall will they abide by the rules they set? we have seen in the past how that is not the case. In this power struggle, there would be more causalities than jail time.
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I think you will just have to keep in mind, when you migrate, that governments see money as theirs. Thus, they have to use any means necessary to get their money back from you. This is why they put their name on the money.
A less cynical way of viewing it is that tax laws are instruction manuals that show you how to keep as much money as possible. It is no accident that the wealthy are able to maintain their wealth. They play by the tax rules.
So, whatever country you choose, do attend seminars and courses about taxes. It will pay off.
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This is quite useful. Thanks for the information, I will learn all I can now while it's easy.
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