How hard is it to open an offshore bank account and cash out my crypto gains to it?
How hard is it to open an offshore bank account and cash out my crypto gains to it?
Liam Ramirez
Other urls found in this thread:
npr.org
twitter.com
Ian Diaz
Why don’t you try and then come back and tell us how hard it was?
Brody Powell
Why not just send btc to a guy who wants to buy for payment of his art. Then you draw a picture and he pays you in cash?
Jacob Brown
We need to establish a network of expats who aid each other in tax evasion
There are countries where you pay zero income tax in foreign income
Aaron Richardson
That's only in panama and you still have to oay taxes in whatever country you are located in.
Lucas Sanchez
and malta
Hudson Young
Become a maltesian citizen?
Andrew Walker
>he doesnt understand that uncle sam's hands extend to any part of the world until you fill his pockets up with your shekels
Noah Morales
if you are a yank, you are going to get fucked by the US tax man anywhere in the world now. Also, most off-shore banks won't even touch you, it's not worth the hassle for them.
So you are fucked, unless you are prepared to relinquish your citizenship.
Lincoln King
Unkle Sam doesn't accept shekels. Only usd
Zachary Rogers
(You)
Joseph Davis
yeah its called buying precious metals and putting them in a safe place.
Christopher Adams
npr.org
tldr ezpz
>most off-shore banks won't even touch you, it's not worth the hassle for them.
No
Matthew Ramirez
you open up a business in a tax haven, usa would be Delaware. then fund it with your crypto in exchanhe for shares. then have your business sell the crypto, pay it out as dividend and pay essentailly no tax and 100% legal conversion from crypto to local fiat.
Luis Roberts
this is the only proper answer here, no one else has done their own research clearly in this thread
Jeremiah Morris
Puerto Rico
Nolan Garcia
Unless your gainz are in the mid eight figures+, no reputable bank is going to touch you
Brody Clark
Impossible if you're a us citizen.
Levi Bell
That's fucking illegal!
Matthew Reyes
look into vaultoro. use my link for a bonus. they are basically a gold bullion bank in switzerland that except bitcoin deposits, and allow you to trade that into bullion.
www.vaultoro.com/?a=107662
Jayden Reyes
>npr.org
written 7 years old and before FATCA existed
youre legally retarded
Sebastian Cook
It is very easy:
DO NOT do it
t. someone who did
Carter Harris
Why? What happened?
Alexander Gray
he probably got fucked
Jack Lewis
Bullshit.