Worried about Crypto taxes? Move to the crypto Silicon Valley + tax haven in Switzerland
Photo Credit: cointelegraph.com
Switzerland becoming a "crypto nation"
Worried about crypto tax? Move to Switzerland!
Since 1934, Swiss bankers have resisted regulation from foreign regulators including the IRS. They house 27% of offshore wealth. They are trying to establish a "crypto valley" in Zug. and in Switzerland is emerging as 'the worlds leading ecosystems for crypto, blockchain, and distributed ledger technologies" according to Oliver Bussmann founder of the Crypto Valley Association.
They are not concidering tokens 'securities' as the US is.
FINMA CEO Mark Branson commented
“Our balanced approach to handling ICO projects and enquiries allows legitimate innovators to navigate the regulatory landscape and so launch their projects in a way consistent with our laws protecting investors and the integrity of the financial system,"
The tax haven is currently .15% Cryptocurrencies are only eligible for Capital Gains Tax only if someone qualifies as a professional trader. Equity tokens, may be subject to a one time capital of 1 percent.
IF YOU DO beware
with this great approach, they've also created a great team.. Within the IRS-CI is a dedicate team to investigating crypto fraud, and tax evasion..
Just HODL. No taxes for HODLing, for when we no longer need fiat, the #1 fraud coin.
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Thanks, very good post !!!!
Awesome Work!
Keep it up!!!
@cryptoinvestinfo
That's not bad at all. Maybe we should all move there and start a Steemit community. :)
You believe in steem. You believe in yourself. You believe in the users who use your app and the work you spent to build it.
This is not about money. It's about believing and helping people.
A good opportunity for Switzerlands people
Ah now thats what I am talking about :D they have a ton on incentives to live there ;)
Hai pliss https://steemit.com/introduceyourself/@randaa/photigraphy-diri-ku-yang-tersenyum-dengan-tertutup
great update and i think switzerland would be a save haven for those criminally minded folks hiding their loot in cryptos as always... thanks for sharing.
Very good and interesting information friend excellent graphics thanks for sharing with us, if you can support me with a vote I will be grateful
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