>follow every transaction and every swap Order the banks to freeze the account after transactions from fiat/crypto-gateway, then let the bank demand documents from the person the account is from. If you provide no documents, the whole amount will be taxed.
In e.g. Germany, this happens almost automatically, if you get a big amount of fiat from a source you never had contact with before. They freeze the account, call the tax authorities and they handle any further issues on this.
If you want to cash out big amounts via localbitcoin, you are plebs anyways and the amount would not matter anyways to start such a procedure.
Asher Green
That's not the IRS's problem you scrub. Report your earnings. Ask if you're confused. Only people with a millennial mindset think "I didn't know!!!!!! This is confusing!!!!!!?" will keep them from jail.
Eli Gonzalez
Like I said they don’t have the resources to charge everybody with tax evasion. They can automate as they like, they can’t automate the process of prosecution, arrest, trial, judgement or imprisonment.
They simply don’t have the resources to do that on top of every Mexican and drug dealer not declaring shit.
Basically if you report your taxes you’re a fool. There are plenty of ways to cash out of crypto without it touching your bank account. Just use your imagination for half an hour.
Anthony Powell
>How about they automate everything and put the burden of work on the users or they get charged with tax evasion.
Which is literally how it is handled here in Germany. It is easy. If works. And it fucks you up big time, if you seriously try to dodge the system.
Jayden Bennett
>hmm, yes, fuck me harder taxman, please go deeper
You’re just the German equivalent of these cucks here. Every first world country has an automated system. Some people are just so scared of the government that they pussy out and report. If you just don’t do this then you are pretty much 100% safe. Life is too short to worry about this shit. If they want your money let them come and take it. But just voluntarily giving them it is a cuck move.
Nathaniel Allen
Alright. I am a pleb then.
Zachary Garcia
Do you not know how big a business it is in the tax world? Cryptobabbies have fucking pennies compared to the tax auditing world. There's big goddamn money in automation and A.I.
Listen to You WILL be fucked up. You're a data entry in a database. The only manual work that's put forth is you're put on a calendar so the proper authorities can take care of you. Emails have been sent to you that were automated. Automated phones calls were placed. And automatically they can notate that you fucking ignored them.
Carson Turner
I'm so scared now. Please give me a discount link to bitgoy.tax!
Jack Jenkins
>Like I said they don’t have the resources to charge everybody with tax evasion.
I can assure you with a certainty of 100% (no, notr 99,99% or 99,9999% - straight 100%), that the whole German tax machinery is more than able to handle crypto gains, even if half of Germany would hold cryptocurrencies and sell it in a single fucking day. And Germany has arguably the most detailed and extensive codified tax law on this planet.
You have a naive imagination about the infrastructure in this field. It is a huge interconnected network between banks, tax autorities, criminal prosecution, law enforcement, police and many many more attack vectors.
