Governments are trying to tax your crypto earnings just where they can spot it: while you are cashing it out through financial institutions.
This situation gives some country’s citizens a unique benefit while others are burdened with high taxes.
I happen to live in a country that is yet to properly regulate the crypto market, hence my local tax rates are very low, which is none.
If you don’t want to pay high crypto taxes in your country, we could reach a mutually beneficial agreement.
How it works?
We will come together to have a look at how much your country taxes cryptocurrencies at the amount you want to cash out. At the moment, my country’s cryptocurrency tax is 0%. After I receive and cash out your cryptocurrencies, I’ll keep half the amount you would have been taxed if you had cashed out in your country.
I will transfer your money through SWIFT, Western Union ,or other possible options; depending on how much it’ll cost at the amount you want transferred.
How could we trust each other?
To begin with, I’m not in the business of making money out of thin air. My value proposition is that I would prevent your government from ripping you off. So, I’m making a profit in return for you not losing your profit so we can both benefit from it. That is a win-win business relationship.
Secondly, we will have a proper communication channel where we can reach each other when we want: Discord is the common sense option. We could also exchange phone numbers and be reachable through Whatsapp / Signal / Telegram or wherever you are comfortable calling.
Obviously, there is a certain limit on how much you can trust me. The best I can provide you is live access view transactions as I process your money. If we decide to work together, you can watch me stream what I’m doing on Discord / Zoom / Skype.
Let’s say you live in Germany and have to pay 42% of your €100.000. Instead of paying the Fourth Reich €42k and getting €58k for yourself. You can cash out through another country, like the one I’m living in, at the cost of 21% + fees, so you can get about €79k
How about your anonymity?
As someone who wants to abstain from crypto taxes, users might wish to keep their identity and transaction history anonymous. Otherwise, it defeats the purpose of anonymity on the blockchain. We will discuss steps we need to take to help you stay anonymous during the crypto cash out. Solutions must be customized as the process might become convoluted depending on how strictly your country’s institutions are allowed to track you.