An increasing number of investors and companies are ready to relocate to tax havens where cryptocurrencies are tax-exempt or have crypto-friendly tax policies.
In this guide, Crypto Briefing walks through the top 15 destinations.
Leading Tax Havens for Crypto TradersCryptocurrencies have proven to be a lucrative asset class for many investors and traders over the past decade. In the last year alone, assets like Bitcoin, Ethereum, and other major altcoins have appreciated many times their value.
Given crypto prices are back at all-time highs, some traders may ride market volatility and take profits to reinvest; other investors would stick to the age-old buy and hold method.
Beyond one’s risk profile, location also plays a role in deciding between these two strategies.
When an investor trades cryptocurrency for a profit, they may have to pay pretty hefty taxes on the resulting capital gains.
However, in some locations, crypto profits are free from capital gains taxes, or special taxes (such as VAT and corporate taxes) are not levied. These locations are also attractive for crypto firms to open up shop.
Hence, the growing interest in tax havens.
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live somewhere with easy / simple / no crypto taxes
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