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A community for the latest discussions about the cutting edge of crypto design, it's culture and significant crypto news. Decentralize everything. Check out our [Community Guidelines](https://relevant.community/crypto/post/6122269e61d1cd005a877277/62427d3ed587ad005b647828)
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US citizens would still owe taxes back to the US government since US taxes are based on global income
US citizens would still owe taxes back to the US government since US taxes are based on global income
So if I m a US citizen (which im not btw), and i move to El Salvador, open a bank account and sell all my crypto on their exchange, how would the US government know i have capital gains? Asking for a friend of course.
So if I m a US citizen (which im not btw), and i move to El Salvador, open a bank account and sell all my crypto on their exchange, how would the US government know i have capital gains? Asking for a friend of course.
Sir please upvote my post 🥺🥺 [https://relevant.community/crypto/post/6152c7d1ad6299005fc1bd5b](https://relevant.community/crypto/post/6152c7d1ad6299005fc1bd5b)
Sir please upvote my post 🥺🥺 [https://relevant.community/crypto/post/6152c7d1ad6299005fc1bd5b](https://relevant.community/crypto/post/6152c7d1ad6299005fc1bd5b)
The government of El Salvador announced that foreign investors will not partake in the taxes on bitcoin profits. This is a targeted effort to bring in more entrepreneurs and investors to enter the country and encourage foreign investment.
The government of El Salvador announced that foreign investors will not partake in the taxes on bitcoin profits. This is a targeted effort to bring in more entrepreneurs and investors to enter the country and encourage foreign investment.
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