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Is anyone else starting to become a bit excited?

q85dw7osi4lebg

As per title, have we reached the bottom ?

Don't think we'll see the likes of $3200 ever again.

$5150 at time of posting.

Back in the mainstream media once more.

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JJJJNR

tokenisation of a car, makes sense, tesla have said they would prefer if their cars were running 24/7 ie. One car shared between 10 family's going 24/7 might suit a lot of people right now.

Lex Luthor

Tezos is really steamrolling this week and I'd say has more legs to it
Good to see BTC breaking the $7500 level. Find support here and we are onto the next zone

Thargor

JJJJNR wrote: »

tokenisation of a car, makes sense, tesla have said they would prefer if their cars were running 24/7 ie. One car shared between 10 family's going 24/7 might suit a lot of people right now.

Lol, I think the arse just fell out of any kind of "sharing" scheme in recent weeks dont you?

JJJJNR

True that could be overcome simply with having a car that self sanitizes itself with UV light for the next user.

JohnnyFlash

JJJJNR wrote: »

True that could be overcome simply with having a car that self sanitizes itself with UV light for the next user.

Self sanitising using the blockchain as a permanent record that the car was sanitised. Perfect use case for IOTA. The blockchain.

aido79

JohnnyFlash wrote: »

Self sanitising using the blockchain as a permanent record that the car was sanitised. Perfect use case for IOTA. The blockchain.

Iota doesn't use blockchain. It uses tangle.

makeorbrake

aido79 wrote: »

Iota doesn't use blockchain. It uses tangle.

Don't feed our resident troll. He's been eerily quiet the last while. Must be a dose of covid.

q85dw7osi4lebg

Stacked big again today, one more next week and that's it until the halving / for a while I'd say.

On another note, can anyone confirm the CGT rate payable in UK, specifically Northern Ireland?

I live near the border and I am finding a figure of 10%, which seems too good to be true.

cnocbui

The rate is 0% in NZ

q85dw7osi4lebg

cnocbui wrote: »

The rate is 0% in NZ

As much as I'd love it, it's a bit far for me. Portugal 0% on crypto disposals too, that'd do either !

makeorbrake

Addison Fancy Macrame wrote: »

On another note, can anyone confirm the CGT rate payable in UK, specifically Northern Ireland?

I live near the border and I am finding a figure of 10%, which seems too good to be true.

Germany, Malta, Portugal & Switzerland are options but naturally, have a look at the fine print with particular consideration of domicile vs. tax residency. In the case of Northern Ireland, it depends on your income - so it could be either 10 or 20% - with an initial tax free allowance of £12,000.

cnocbui

Addison Fancy Macrame wrote: »

As much as I'd love it, it's a bit far for me. Portugal 0% on crypto disposals too, that'd do either !

I'm hoping to move there, just as soon as I can get in a position to offload some useless property.

Perhaps we bitcoin holders should all move to mooncoin, near Waterford.

Arrival

makeorbrake wrote: »

Germany, Malta, Portugal & Switzerland are options but naturally, have a look at the fine print with particular consideration of domicile vs. tax residency. In the case of Northern Ireland, it depends on your income - so it could be either 10 or 20% - with an initial tax free allowance of £12,000.

Even just the UK's setup is way, way better than ours. 20% is obviously still fairly high but combined with that threshold is at least not a total slap in the face like our own setup. 33% on profits after only €1,270 - I actually get mad even just typing that out, it's outrageous! It's blatantly a **** you to any people in this country who work hard enough to establish themselves in life enough to actually invest their savings, which have already been taxed.

If we wanted to move to one of those favourable countries, it's 3+ years we need to be non-resident in Ireland before we're considered domiciled in them right?

cnocbui

makeorbrake wrote: »

... have a look at the fine print with particular consideration of domicile vs. tax residency...

Do mean that nonsense of Revenue thinking they can have at your capital gains after you have moved?

cnocbui

Arrival wrote: »

Even just the UK's setup is way, way better than ours. 20% is obviously still fairly high but combined with that threshold is at least not a total slap in the face like our own setup. 33% on profits after only €1,270 - I actually get mad even just typing that out, it's outrageous! It's blatantly a **** you to any people in this country who work hard enough to establish themselves in life enough to actually invest their savings, which have already been taxed.

If we wanted to move to one of those favourable countries, it's 3+ years we need to be non-resident in Ireland before we're considered domiciled in them right?

As far as I am aware, the domiciled becomes a practical reality as soon as you have a local utility bill and can register your address as being local with financial institutions. I emphasise 'practical', as I know Revenue have other high-handed ideas they can't enforce.

Arrival

cnocbui wrote: »

As far as I am aware, the domiciled becomes a practical reality as soon as you have a local utility bill and can register your address as being local with financial institutions. I emphasise 'practical', as I know Revenue have other high-handed ideas they can't enforce.

That'd be great if it's definitely the case. It's just frustrating because I would ideally like to do everything right by revenue, you'd be a bit worried in case there's some kind of setup between Member States. Obviously outside of Europe is a different story. Have to think like, if you move abroad for a couple of years or so, sell your assets and then move back to Ireland wouldn't they find out about the money when you've got it in your bank here?

cnocbui

Arrival wrote: »

That'd be great if it's definitely the case. It's just frustrating because I would ideally like to do everything right by revenue, you'd be a bit worried in case there's some kind of setup between Member States. Obviously outside of Europe is a different story

Here is my take on it: The Common Reporting Standard (CRS) works by financial institutions sending details of large deposits and potential income events, to the taxation authorities where the account holder is resident. It is entirely address based. As soon as you are able to change the account's address to a local one, there is no CRS and reporting ceases.

So if I were to move to NZ and then rent or buy a property and get a utility bill or two to satisfy financial institutions that I was physically resident in the country - there is no CRS. This of course doesn't change Revenue's belief they have dibs on all capital gains you might have for the next 3 years, but it does mean they aren't going to find out about them and you can do as you please so long as you comply with local tax law.

Lex Luthor

cnocbui wrote: »

I'm hoping to move there, just as soon as I can get in a position to offload some useless property.

Perhaps we bitcoin holders should all move to mooncoin, near Waterford.

just move to the curragh camp, apparently its a tax haven

cnocbui

Lex Luthor wrote: »

just move to the curragh camp, apparently its a tax haven

Over my head, I'm afraid. Thanks for the suggestion, but apart from a reasonable taxation system, I want want some fekin sunshine and warmth again.

Lex Luthor

any chance of a drop in the CGT in the next govt or govts is gone now with the economy going into meltdown in the next 18months

makeorbrake

Lex Luthor wrote: »

any chance of a drop in the CGT in the next govt or govts is gone now with the economy going into meltdown in the next 18months

I'm not even sure why it was necessary in the first place - seeing as it seems they can just print off magic money as needed :-D

Lex Luthor

cnocbui wrote: »

Over my head, I'm afraid. Thanks for the suggestion, but apart from a reasonable taxation system, I want want some fekin sunshine and warmth again.

the current residents of the curragh camp are exempt from all tax obligations, among other things

Lex Luthor

makeorbrake wrote: »

I'm not even sure why it was necessary in the first place - seeing as it seems they can just print off magic money as needed :-D

well you could ask that question anywhere in the world right now

why are the US residents only getting cheques for $1200 each if they can print as much as they want

they could literally print 1000's of trillions at the moment and it still wont fix the situation

cnocbui

Lex Luthor wrote: »

the current residents of the curragh camp are exempt from all tax obligations, among other things

VAT is still a mind boggling 23%.

Lex Luthor

cnocbui wrote: »

VAT is still a mind boggling 23%.

you only pay VAT if you pay for goods

makeorbrake

Lex Luthor wrote: »

why are the US residents only getting cheques for $1200 each if they can print as much as they want

So that the other $16k per person can go to corporates

Lex Luthor

makeorbrake wrote: »

So that the other $16k per person can go to corporates

Exactly

GooglePlus

40% is madness when you think about it.

Just under half of a profit made goes bye bye, it would make you sick to your stomach driving home, avoiding every pothole on the road.

cnocbui

GooglePlus wrote: »

40% is madness when you think about it.

Just under half of a profit made goes bye bye, it would make you sick to your stomach driving home, avoiding every pothole on the road.

Why stop there? Ireland has the highest inheritance taxes in the world. What other country have you ever heard of that taxes income from bank interest at 41%?. Then there's VAT at 23% - again, one of the highest rates in the world.

I think the only thing stopping a water-rates style revolution in this country is that most economic indicators are calculated and reported on as a percentage of GDP, which in Ireland is massively inflated by US multinationals.

This GDP smokescreen is the saviour of Irish governments; personal taxation appears low as it's almost always reported as a percentage of GDP. Similarly, it makes the government look good on spending; Hey look, Ireland has one of the highest expenditures on healthcare in the OECD, as a percentage of GDP.

The government can't lose so long as it's always a percentage of GDP. On the one hand it makes it look as if they aren't robbing people blind while on the other hand it makes them look like big spenders.

As far as I can ascertain, all the money actally goes on having a public sector with an average salary of €80,000 a year, the second highest in the EU, after Luxembourg.

Yes, I admit to being triggered.

Arrival

What's the median salary in the public service though, can't seem to find that