Few know that Germany is a Bitcoin tax haven. 😁
Discussion
Similar in Mew Zealand. No capital gains tax system
We used to even have it on stocks, which was why German companies were so financially stable, but they undermined that by taxing it and now the day-traders have moved in.
Crypto has the same rules as gold, fine art, and jewelry.
Even better, no tax on profit if you hodl 1 year: "You purchased Bitcoin for 8,000 euros in 2022 and sell this cryptocurrency for 20,000 euros in 2024.Consequence: As more than one year has passed between the purchase and sale, you do not have to pay tax on the profit of EUR 12,000 from the sale of the Bitcoin."
But: you NEVER sell your bitcoin 🫡
Spending it also counts as selling, for tax purposes.
tax purposes are a coercive form of self incrimination
they can't chase everyone and they pick the ripe low hanging fruit not the skimpy ones
A better phrasing would be "tax collectors call spending selling"
Your phrasing implies they're not lying, which hurts your brain and the brains of your readers in a psychic way imo
This is an overarching problem across the English language (don't know about others)