Legal tax avoidance

What you say doesnt really make sense.
Either your "netgain" is taxed before you put it into crypto or.
Your company makes an investment into crypto which is still a form of immaterial goods and has to be put into your balance sheet. If you sell it (no matter what time) you have an increase on your profit and loss account which is used as the basis for corporate tax.

What you probably mean is to mark investments into crypto as a form of work expense on your income statement. This will not be deductable since it wont count as an expense.

brotip move to Switzerland

how it's gonna help? switzerland also has high living cost

they'll have registered income as well and be forced to pay taxes?

doesn't if you're self-employed

if not you make much more and the taxes are much smaller

Wafflefag too, I left Belgium for this reason I'm living in Australia atm

yea the big issue is that to reduce taxes you need to incorporate, so if you work for a company already then you would need to start a business and work on your companies behalf (basically as a sub contractor or consultant).

as such you will need to cover all the bs like accounts, insurance, various documentation to even get hired by most decent companies (all the company policies).

so in my case i have my own bsuiness which in turn is owned by my holding company. as such most expenses are free as business expenses and tax is greatly reduced by taking renumeration as dividend.

now if you want to avoid taxes you need to incorporate in a tax haven OR incorporate in a privacy jurisdiction so no one can see what your doing with your money.

all of this is a lot of work. if your still interested i can go i to more detail, at the end of the day its easy not to pay taxes when you alrrady have a lot of money.

well you could depreciate the crypto assets at a extremely steep rate, or book them as a loss (phishing, lost private keys, bitconnect, etc)

i just wonder if the tax office would believe this shit

please ELI5. you seem to know your shit but my accounting knowledge is a bit rusty

Its simple tax evasion.
You cant just vanish alot of cash through depreciation of assets. Thats accounting trickery 101. Especially if those assets are marked as crypto investments in a 1 person company.

>This will not be deductable since it wont count as an expense.
Meant this.
Yes ok then that is not possible.

There must be a way to buy things I can turn back into money.

As a NEET that semi made it through trading alot of alts I can relate.
Cashing out without taxes is really difficult. Im on neet bux right now and occasionally buy highly priced meals through delivery services that allow crypto. This is somewhat a way to cash out tax free. (+10k only for food a year is ez especially if you order for your friends and they give you back cash.)
Other than that I havent found ways and I don't trust darknet markets.

basically as a worker making a salary in ops case he is paying almost 50% tax. is he started a company and paid dividend instead of salary he is now paying 25% tax. so right there is a legal reduction of 25% on tax.

now the fun starts trying to further reduce this 25%, and this is where you start the shenanigans.

here you start to pick and choose the type of corporation as they have various additional tax benefits depending where you are i the world; ltd, partnership, holding a d there are a ton of various financial type corporations which pay very little tax in eu (RAIF).

its actually much easier in the usa nowadays, with Delaware, ohio and nevada having crazy good rates. like 5% tax on dividends.

same in other eu juristrictions like Luxembourg and city of london.

all legal of course, just morally questionable.

i won companies in eu, uk and Scandinavia but i have no problem paying a decent tax rate as i belive its good for business. when your bottom line depends on tax benefits to allow you to be profitable its not a healthy business and will go bust when tax door gets closed.

very interesting user! i knew dividend tax rates are much lower than corporate tax rates, but who reaps the profits the company or you as a person? don't you have to pay capital gains tax on your dividend income?

no, you pay a seperate rate on dividends so you are not double taxed with cap gains.

a great example for crypto would be to start a corporation, fund it with your crypto in exchange for shares and then sell your crypto a d pay out as dividends. all nice, clean and most importantly legal (for the most part).

>taxes are good for business

Good goy, you're right, the government of your tiny country spends over half your money extremely judiciously. In fact, you should really consider paying more~

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7% goes to the municipality

that's smart, thanks for that tip fren

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i belive they force business to innovate, just like paying your workers well.

costs lead to increased productivity.

when you have big businesses who do not pay tax its an unfair advantage usually against small and medium sized local businesses.

also your a total fucking moron. without government there is no business.

Going with crypto that way doesn't work since I have to declare every crypto trade.

But I could buy stuff for friends and they pay me in cash.
On the other hand, they all have to keep it a secret for the next 7 years.