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If you live in a country which taxes Crypto gains: would you ever consider moving to a Crypto tax free country?

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by COINS NEWS 176 Views

I always hear a lot of debate and discussions in crypto subreddits about how difficult it is in the US to pay taxes on your crypto gains.

To my knowledge, you US users need to manually calculate every buy and sell you ever did to calculate how much you need to pay in taxes. It is truly horrible and I am sorry that you need to go through that.

What are your views on countries that do not tax crypto gains? I am from the EU, and for example Portugal (just an example but it's not the only one) doesn't have any taxes on crypto gains.

In the case scenario that my holdings will moon (not disclosing what I am invested in) I am considering getting residence there to avoid paying 50% to the government.

Would you ever consider moving out of your country should you make life changing amounts of crypto gains?

submitted by /u/StefansLair
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