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Crypto tax situation - Read post 1 for thread banned users

1…34689…15

Comments

  • #252
    Bob24
    Registered Users, Registered Users 2 Posts: 10,905 ✭✭✭✭Bob24


    conor-w wrote: »
    Outright evading tax as a multi millionaire isn't being 'smart', it's greed. Calling it smart is a justification, you are complaining about the big bad politicians and others ruining the country, while actively participating in illegal activities that have a negative impact on the country.

    IMO tax evasion (as in: illegally failing to pay due taxes) isn't just greed in such case, it is stupidity. If you are a big fish and get caught (which is not unlikely), what is at stake can be very high.

    Now if we are talking tax avoidance (i.e. *legally* reducing one's tax bill by moving abroad or using whatever legal means), depending on the situation I would sometimes find it a bit immoral (if the taxation level is reasonable and the country well run) and sometimes be sympathetic (in cases whereby taxation is borderline confiscatory or whereby someone deeply disagrees with how their tax money is being spent).


  • #253
    kippy
    Registered Users, Registered Users 2 Posts: 18,783 ✭✭✭✭kippy


    Hellotonever wrote: »
    No idea what you're talking about mate. But this is the perfect example of the crab in the bucket mentality im talking about. Just look at the amount of people here fetishizing about getting taxed or taxing other people. Its surreal.

    Mention that you're rich and mention that you'd rather not pay extortionate taxes and you are already compared to a criminal and a thief.

    In the eyes of these people, you can't be a smart and pragmatic citizen. You can't possibly look after your own interest. No, you have to pay for the world's most expensive hospital. You have to pay 33% of everything.

    I'll tell you what. This is why everyones getting the f*ck outta dodge when it comes to Ireland. Ultimately, whoever stays there is the loser. Money is going out and out to other places, and you're gonna be left to pick up the tab for FF/FG's incompetence.
    I dont think anyone is "fetishising" about getting taxed or taxing others.
    The thread is on the situation on Crypto tax. The situation is fairly straightforward.
    If you have left the country to avoid paying the tax - well done you.


  • #254
    chalky_ie
    Registered Users Posts: 324 ✭✭chalky_ie


    Hellotonever wrote: »
    No idea what you're talking about mate. But this is the perfect example of the crab in the bucket mentality im talking about. Just look at the amount of people here fetishizing about getting taxed or taxing other people. Its surreal.

    Mention that you're rich and mention that you'd rather not pay extortionate taxes and you are already compared to a criminal and a thief.

    In the eyes of these people, you can't be a smart and pragmatic citizen. You can't possibly look after your own interest. No, you have to pay for the world's most expensive hospital. You have to pay 33% of everything.

    I'll tell you what. This is why everyones getting the f*ck outta dodge when it comes to Ireland. Ultimately, whoever stays there is the loser. Money is going out and out to other places, and you're gonna be left to pick up the tab for FF/FG's incompetence.

    I'm sure you're posting all this from your ma's box room, so I'm not sure why I'm still engaging with you, but I think you'll find that the majority of people that leave Ireland are doing it because they can't get a job here, not because they earn so much money that they refuse to pay taxes on it. Staying in the country and paying taxes doesn't make you a loser, claiming to be worth 8 figures, yet still being unhappy with the amount of money you have probably does though.


  • #255
    dirk_dangler
    Registered Users, Registered Users 2 Posts: 546 ✭✭✭dirk_dangler


    This thread reeks of revenue honeypot, the posters who are openly planning to avoid paying tax are would want to be using public wifi and bouncing the signal of a dozen satellites.
    I can imagine the phone call , “Hello boards, this the tax man, could you send over the ip addressed of these users”.

    Does anyone really believe a poster made €10M+ and has nothing better to do but post here, a more believable LARP would have been stories about being a crypto millionaire, living the good life and snorting coke out of models bellybuttons, if he is telling the truth posting here at all hours of the day is better fun, so why even bother trying to make millions if thats the case?


  • #256
    dougal0691
    Registered Users, Registered Users 2 Posts: 92 ✭✭dougal0691


    kippy wrote: »
    I dont think anyone is "fetishising" about getting taxed or taxing others.
    The thread is on the situation on Crypto tax. The situation is fairly straightforward.
    If you have left the country to avoid paying the tax - well done you.

    he's made his profits wheeling and dealing on uniswap. he didn't avoid tax he evaded it.


  • #257
    Irish_rat
    Registered Users, Registered Users 2 Posts: 2,567 ✭✭✭Irish_rat


    dougal0691 wrote: »
    he's made his profits wheeling and dealing on uniswap. he didn't avoid tax he evaded it.

    The fish rod was out for the bait and a pack of posters caught it. Its the biggest load of nonsense I've read.


  • #258
    olestoepoke
    Registered Users, Registered Users 2 Posts: 2,391 ✭✭✭olestoepoke


    bosco12345 wrote: »
    Could you not just convert your crypto to USDT (stable coin), and it will be safe

    Yes you could, great point. I was talking about Bitcoin and the like.


  • #259
    dougal0691
    Registered Users, Registered Users 2 Posts: 92 ✭✭dougal0691


    Irish_rat wrote: »
    The fish rod was out for the bait and a pack of posters caught it. Its the biggest load of nonsense I've read.

    fiction or not, I think it was an interesting discussion.


  • #260
    Mellor
    Registered Users, Registered Users 2 Posts: 39,603 ✭✭✭✭Mellor


    Hellotonever wrote: »
    Dont spread fear and disinformation. Tax residency in Portugal is 183 consecutive days. Thats half a year. The other half? Doesn't matter where you f*ck off to. You can come back to Ireland if you want, as long as you don't pass any residency tests.

    Crabs in a bucket the lot of you. Discouraging people from being smart with their assets.

    This is completely incorrect.
    That's why you won't say when you moved to portugal. Because you're not in portugal. You are just making **** up. Fantasy stuff.


  • #261
    Hellotonever
    Banned (with Prison Access) Posts: 193 ✭✭Hellotonever


    Mellor wrote: »
    This is completely incorrect.
    That's why you won't say when you moved to portugal. Because you're not in portugal. You are just making **** up. Fantasy stuff.

    I have stated multiple times that I was writing fiction. Is this guy slow or something?


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  • #262
    Mellor
    Registered Users, Registered Users 2 Posts: 39,603 ✭✭✭✭Mellor


    Hellotonever wrote: »
    I have stated multiple times that I was writing fiction. Is this guy slow or something?

    We know you are. That was obvious from the start.
    When people make up these sort of lies, they then to get mixed up in contradictions pretty quickly.


  • #263
    Hellotonever
    Banned (with Prison Access) Posts: 193 ✭✭Hellotonever


    Mellor wrote: »
    We know you are. That was obvious from the start.
    When people make up these sort of lies, they then to get mixed up in contradictions pretty quickly.

    Look pal, the short of it is, im a millionaire and paid no taxes to FG. Once you accept that what I did is for the betterment of humanity, you’ll be out of the crab bucket.


  • #264
    Mellor
    Registered Users, Registered Users 2 Posts: 39,603 ✭✭✭✭Mellor


    Hellotonever wrote: »
    Look pal, the short of it is, im a millionaire and paid no taxes to FG.

    No you're not though.

    The real short of it is, you made the whole thing up. I can prove that.
    I'm not sure what motivated you to do it. But must be unhappy about your reality.


  • #265
    [Deleted User]
    Posts: 5,121 ✭✭✭ [Deleted User]


    https://www.ato.gov.au/general/capital-gains-tax/international-issues/changing-residency/
    Maybe we should tax gains on changing residence too, like the Australians seem to do.
    (At up to 47%)


  • #266
    olestoepoke
    Registered Users, Registered Users 2 Posts: 2,391 ✭✭✭olestoepoke


    Hellotonever wrote: »
    Look pal, the short of it is, im a millionaire and paid no taxes to FG. Once you accept that what I did is for the betterment of humanity, you’ll be out of the crab bucket.

    I'm still waiting for you to tell me where the misinformation was in my post. I'll take your silence as a sign you knew you were talking nonsense.


  • #267
    chalky_ie
    Registered Users Posts: 324 ✭✭chalky_ie


    olestoepoke wrote: »
    Yes you could, great point. I was talking about Bitcoin and the like.

    Changing from one crypto to another is a taxable event, so you would owe tax on profits you've realised from exchanging the volatile crypto to a tethered one.


  • #268
    Bob24
    Registered Users, Registered Users 2 Posts: 10,905 ✭✭✭✭Bob24


    Trying to move on from the past few pages, has anyone seen guidance on how interests paid on cryptocurrency deposits are mean to be taxed? (interests on deposits with the likes of BlockFi, Celsius, Crypto.com, etc)

    I was having a look at Revenue’s crypto handbook here and this is not covered - and I couldn’t find any other source: https://www.revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-02/02-01-03.pdf

    On the one hand I’d be tempted to say DIRT should apply. But on the other hand, crypto currencies are not legally currencies (they are rather financial assets) and are not held as bank deposits. And I think the scope of DIRT is limited to interests paid on bank cash deposits.


  • #269
    Hellotonever
    Banned (with Prison Access) Posts: 193 ✭✭Hellotonever


    Mellor wrote: »
    No you're not though.

    The real short of it is, you made the whole thing up. I can prove that.
    I'm not sure what motivated you to do it. But must be unhappy about your reality.

    OK prove it.


  • #270
    relax carry on
    Registered Users, Registered Users 2 Posts: 4,085 ✭✭✭relax carry on


    Bob24 wrote: »
    Trying to move on from the past few pages, has anyone seen guidance on how interests paid on cryptocurrency deposits are mean to be taxed? (interests on deposits with the likes of BlockFi, Celsius, Crypto.com, etc)

    I was having a look at Revenue’s crypto handbook here and this is not covered - and I couldn’t find any other source: https://www.revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-02/02-01-03.pdf

    On the one hand I’d be tempted to say DIRT should apply. But on the other hand, crypto currencies are not legally currencies (they are rather financial assets) and are not held as bank deposits. And I think the scope of DIRT is limited to interests paid on bank cash deposits.

    That's a good and relevant question after all the silliness of the last few pages. How is the interest paid? Is it paid Inthe crypto you hold? Is it an annual figure?


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  • #271
    Seve OB
    Registered Users, Registered Users 2 Posts: 16,069 ✭✭✭✭Seve OB


    conor-w wrote: »
    Isn't each trade that produces profit a taxable event? i.e. this story of 8 figures already involves copious amounts of tax evasion from the very start. I don't see how just moving to another country solves the issue, unless tax was paid on everything up until the point of moving.

    This is one of the more sensible posts on this thread.
    People don’t actually understand when the profit is triggered.

    I hate taxes and agree with hell that the rates and structure in Ireland is all wrong and totally unfair. If I had 10m I’d probably leave to. Well I wouldn’t leave I’d probably engage in some tax avoidance measures which for the uninitiated is not the same as tax evasion. Even though I’m no fan, I always pay my dues.

    As for hell, fiction or not, as already said unless he is a computer whiz kid bouncing his IP address all over Russia, he might find himself open to audit sooner rather than later.

    If he has really turned profits, fair play to him. If he has legally avoided paying tax, even more power to him.

    But he has claimed he cashed out at least a million and paid his dues on that so he could move to Portugal and then later said he has never made a tax return so if off the radar!!!!!

    And as for the rest of his 10m +, I seriously doubt that they are still in his initial investment and not cashed out in some way shape or form. Maybe not to his bank account. But once the trade is done, the tax liability is due and it seems like an awful lot of people do not realise that.


  • #272
    Bob24
    Registered Users, Registered Users 2 Posts: 10,905 ✭✭✭✭Bob24


    relax carry on wrote: »
    That's a good and relevant question after all the silliness of the last few pages. How is the interest paid? Is it paid in the crypto you hold? Is it an annual figure?

    I think most deposit services are paying interest on a weekly or monthly basis (it is the case for the ones I listed anyway).

    Some are paying in the same crypto you are depositing (i.e. deposit BTC and get interests paid in BTC). And other offer to pay in a different crypto (for exemple Celsius have higher rates if you get paid in their own token and HODL - i.e. deposit BTC and get paid interests in CEL). I don't think they ever pay in fiat currency if that was the question.

    To make an analogy it is the bit the same situation as if you were depositing gold bars with someone and for whatever reason each month they were giving you a gold coin as interest (of couse it wouldn't make the same business sense is it does with crypto, but from a tax perspective I think it would be the same thing). I am not sure how you would get taxed in that situation?


  • #273
    Mellor
    Registered Users, Registered Users 2 Posts: 39,603 ✭✭✭✭Mellor


    Hellotonever wrote: »
    OK prove it.

    Ok so, if that's what you're after.
    Let's start with the claims you made;

    Made 7 figures up to last November.
    Moved to Portugal.
    Recent run took you to 8 figure.
    Daily traded in alts, not Bitcoin, only on unregulated non-KYC exchanges.
    Never touched fiat. It's all clean, etc.
    Didn't pay CGT, didn't file a return etc.

    That's the gist of it. From here. Right.
    Hellotonever wrote:
    I never touched fiat at all
    Hellotonever wrote:
    Look pal, the short of it is, im a millionaire and paid no taxes to FG. Once you accept that what I did is for the betterment of humanity, you’ll be out of the crab bucket.

    And you've stuck to that story...oh wait.
    I cashed out enough to move out to Portugal. Actually had to cash out more than that because 33% is the CGT rate.

    So at the start you said you cashed out to fiat, paid tax and moved to portugal. But now it was never in fiat, and no tax was paid. Finding it hard to believe you forgot about paying 33% CGT that you mentioned.

    And, never touched fiat. But you also claimed to be taking an income for 700k. That's a lot of fiat.

    And it was all non-KYC, unregulated exchances. Of course, except for this time Coinbase locked your account. Coinbase is a KYC exchange. (Bit of a novice thread from a 7 figure trader).

    8 figures would have required at least a 6 figure investment. $100k plus is a big ask. Not bad for the rich. But you came from a poor family right?
    Some people fall for it, the same way some people fall for pyramid schemes, but coming from a poor family and seeing what a scam does to a household, none of the shilling worked on me.

    But..wait. Your post history screws you up again.
    Genuine question. I come from a family of businessmen, gamblers and millionaires. My branch of the family decided to settle in a modest south Dublin suburb... by the time I was an adult it was easy for me to quadruple the fund given to me by my parents.

    ...I'm living off passive income (about 120k a year after taxes) and retired at 25.

    Came from millionaires that time. No mention of crypto. In Dublin not Portugal. Income was $120k (not 700k :pac: ).
    Looks like you tell this lie often, maybe right it down as you can't get the details consistent.
    I'm sure there is more. You post history is basically a string of claims to be groomed for trading and retired millionaire. But the story keeps changing. The whole think smacks of Walter Mitty and jealously.


  • #274
    Mellor
    Registered Users, Registered Users 2 Posts: 39,603 ✭✭✭✭Mellor


    Seve OB wrote: »
    But once the trade is done, the tax liability is due and it seems like an awful lot of people do not realise that.

    Doesn't help that one of the first post in the thread mistakenly believes that it's only due to when it's cashed in for fiat. I think that post has given some lads notions.

    Deleted User wrote: »
    https://www.ato.gov.au/general/capital-gains-tax/international-issues/changing-residency/
    Maybe we should tax gains on changing residence too, like the Australians seem to do.
    (At up to 47%)

    Seams like a much more logical way to do it, from the governments POV. Stop people leaving to cash out. But it's also much easier to cease tax residency in Australia.
    Australia also have a $10k personal limit, although the rate is higher after that. Typically 37% or 45%


  • #275
    olestoepoke
    Registered Users, Registered Users 2 Posts: 2,391 ✭✭✭olestoepoke


    Like my dear old mam used to say when we were kids 'A liar needs a good memory'


  • #276
    Bobeagleburger
    Registered Users, Registered Users 2 Posts: 45,736 ✭✭✭✭Bobeagleburger


    Well played Mellor.

    Myth busted


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  • #277
    Hellotonever
    Banned (with Prison Access) Posts: 193 ✭✭Hellotonever


    I dont get this guy. I literally said Im writing fiction. Then he claims Im making it up after I said it. Then he says he can prove im making it up AFTER I SAID IM MAKING IT UP.

    Then he spends a good amount of time (15-20 mins?) copy pasting and writing the next American novel proving that Im writing fiction.... 10 times after I said im writing fiction.

    So is this guy just a mentally challenged midwit with something to prove or something more disturbing?


  • #278
    Hellotonever
    Banned (with Prison Access) Posts: 193 ✭✭Hellotonever


    Mellor wrote: »
    Ok so, if that's what you're after.
    Let's start with the claims you made;

    Made 7 figures up to last November.
    Moved to Portugal.
    Recent run took you to 8 figure.
    Daily traded in alts, not Bitcoin, only on unregulated non-KYC exchanges.
    Never touched fiat. It's all clean, etc.
    Didn't pay CGT, didn't file a return etc.

    That's the gist of it. From here. Right.





    And you've stuck to that story...oh wait.



    So at the start you said you cashed out to fiat, paid tax and moved to portugal. But now it was never in fiat, and no tax was paid. Finding it hard to believe you forgot about paying 33% CGT that you mentioned.

    And, never touched fiat. But you also claimed to be taking an income for 700k. That's a lot of fiat.

    And it was all non-KYC, unregulated exchances. Of course, except for this time Coinbase locked your account. Coinbase is a KYC exchange. (Bit of a novice thread from a 7 figure trader).

    8 figures would have required at least a 6 figure investment. $100k plus is a big ask. Not bad for the rich. But you came from a poor family right?



    But..wait. Your post history screws you up again.



    Came from millionaires that time. No mention of crypto. In Dublin not Portugal. Income was $120k (not 700k :pac: ).
    Looks like you tell this lie often, maybe right it down as you can't get the details consistent.
    I'm sure there is more. You post history is basically a string of claims to be groomed for trading and retired millionaire. But the story keeps changing. The whole think smacks of Walter Mitty and jealously.
    Man I am cringing so much... Imagine doing all this. I pity you bro. Cannot imagine someone doing all this who actually values their time lol

    Btw. As stated im writing fiction for the purposes of discussing tax laws. But one thing that isnt a lie is that I am indeed retired at 25 and a millionaire. Which is more than anyone here will ever achieve through crypto


  • #279
    Seve OB
    Registered Users, Registered Users 2 Posts: 16,069 ✭✭✭✭Seve OB


    Hellotonever wrote: »
    Man I am cringing so much... Imagine doing all this. I pity you bro. Cannot imagine someone doing all this who actually values their time lol

    Btw. As stated im writing fiction for the purposes of discussing tax laws. But one thing that isnt a lie is that I am indeed retired at 25 and a millionaire. Which is more than anyone here will ever achieve through crypto

    But did you pay your taxes though.

    And all of them, with no evasion?


  • #280
    Hellotonever
    Banned (with Prison Access) Posts: 193 ✭✭Hellotonever


    Seve OB wrote: »
    But did you pay your taxes though.

    And all of them, with no evasion?

    The only taxable events I've made only added up to tens of thousands, which I did pay for.

    Now im legally trading with minimal tax in southern europe.


  • #281
    Seve OB
    Registered Users, Registered Users 2 Posts: 16,069 ✭✭✭✭Seve OB


    Hellotonever wrote: »
    The only taxable events I've made only added up to tens of thousands, which I did pay for.

    Now im legally trading with minimal tax in southern europe.

    Thing is, I don’t believe you because I don’t believe you understand the tax laws.


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  • #282
    Hellotonever
    Banned (with Prison Access) Posts: 193 ✭✭Hellotonever


    Seve OB wrote: »
    Thing is, I don’t believe you because I don’t believe you understand the tax laws.

    Nah I do. The midwits in this thread are too stupid to understand I started a conversation specifically to discuss tax laws.

    I'm actually not surprised you people can't make money from cryptocurrency with your level of intelligence.


  • #283
    Seve OB
    Registered Users, Registered Users 2 Posts: 16,069 ✭✭✭✭Seve OB


    Hellotonever wrote: »
    Nah I do. The midwits in this thread are too stupid to understand I started a conversation specifically to discuss tax laws.

    I'm actually not surprised you people can't make money from cryptocurrency with your level of intelligence.

    You don’t know the people on this thread so you can’t comment on their levels of intelligence.

    Some would probably say the same about you.

    If you’ve done it all above board then fair play to you.

    But your moaning about the tax laws is silly. The thing is, you now have enough money that you could run for government and have your say in the dail to make the changes


  • #284
    Hellotonever
    Banned (with Prison Access) Posts: 193 ✭✭Hellotonever


    Seve OB wrote: »
    You don’t know the people on this thread so you can’t comment on their levels of intelligence.

    Some would probably say the same about you.

    If you’ve done it all above board then fair play to you.

    But your moaning about the tax laws is silly. The thing is, you now have enough money that you could run for government and have your say in the dail to make the changes

    Nah it takes more than money to change anything. Im not someones nephew. I dont have access to cronyist privileges.


  • #285
    Irish_rat
    Registered Users, Registered Users 2 Posts: 2,567 ✭✭✭Irish_rat


    Seve OB wrote: »
    Thing is, I don’t believe you because I don’t believe you understand the tax laws.

    Why are people obsessed about others not claiming tax


  • #286
    Hellotonever
    Banned (with Prison Access) Posts: 193 ✭✭Hellotonever


    Irish_rat wrote: »
    Why are people obsessed about others not claiming tax

    Sadistic fetish.

    They themselves pay taxes. They know its sh*t and its a big reason for why their life is sh*t.

    But hearing about other people getting whipped makes them feel better.


  • #287
    Mellor
    Registered Users, Registered Users 2 Posts: 39,603 ✭✭✭✭Mellor


    Hellotonever wrote: »
    Man I am cringing so much... Imagine doing all this. I pity you bro. Cannot imagine someone doing all this who actually values their time lol
    Literally took a few mouse clicks. Zero effort for anyone other a midwit.
    Btw. As stated im writing fiction for the purposes of discussing tax laws. But one thing that isnt a lie is that I am indeed retired at 25 and a millionaire. Which is more than anyone here will ever achieve through crypto
    So it was all lies except for the millionaire part. :pac::pac::pac:
    tenor.gif


  • #288
    kippy
    Registered Users, Registered Users 2 Posts: 18,783 ✭✭✭✭kippy


    Irish_rat wrote: »
    Why are people obsessed about others not claiming tax

    Not claiming tax or not paying tax?

    I think it's nice that posters are concerned about their fellow posters potential tax liabilities and are trying to warn/keep them out of trouble.


  • #289
    Hellotonever
    Banned (with Prison Access) Posts: 193 ✭✭Hellotonever


    Mellor wrote: »
    Literally took a few mouse clicks. Zero effort for anyone other a midwit.


    So it was all lies except for the millionaire part. :pac::pac::pac:
    tenor.gif

    Yes. It is an absolute midwit thing to do. I am actually cringing imagining someone in real life being sad enough to do that.


  • #290
    Mellor
    Registered Users, Registered Users 2 Posts: 39,603 ✭✭✭✭Mellor


    Hellotonever wrote: »
    Yes. It is an absolute midwit thing to do. I am actually cringing imagining someone in real life being sad enough to do that.
    You understand what "other than" means?

    The only thing to be cringing at here is somebody boasting online about a made up fantasy world they live in. That's not normal behaviour dude. Suggest you are really unhappy with something in real life. Are you ok?


  • #291
    relax carry on
    Registered Users, Registered Users 2 Posts: 4,085 ✭✭✭relax carry on


    Are there any moderators in this forum? The thread could do with a clean up of the Walter Mitty posts.


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  • #292
    Hellotonever
    Banned (with Prison Access) Posts: 193 ✭✭Hellotonever


    So let me get this straight. I started a discussion about crypto taxes, which I stated to be fictional for the purposes of educating people how and what they can do, and some midwit started going through my post history to 'prove' that what I stated to be a fictional story is indeed fictional. And now the other midwits are applauding him because he 'proved' (?) that I was writing a fictional story?

    Tell you what lads. There's a reason why midwits are focusing on me and not whats happening. This is what's happening:

    https://www.independent.ie/business/finance-minister-donohoe-warns-taxes-will-rise-after-covid-40160291.html

    Keep your head down and pay your taxes. Im off to Cabo when lockdown ends.


  • #293
    Mellor
    Registered Users, Registered Users 2 Posts: 39,603 ✭✭✭✭Mellor


    Hellotonever wrote: »
    So let me get this straight. I started a discussion about crypto taxes, which I stated to be fictional for the purposes of educating people how and what they can do, and some midwit started going through my post history to 'prove' that what I stated to be a fictional story is indeed fictional.

    Nope. you claimed been a millionaire. There was no hypothetical in the original post.
    You rolled out the "I'm writing fiction" in an pretend "if revenue ask" context.
    But really it was to deflect from your lack of understanding of tax laws.

    I mean you literally said;
    Hellotonever wrote:
    OK prove it.
    Which was a very odd challenge to issue if t was openly hypothetical.
    The embarrassed backpedaling is glorious.


  • #294
    Hellotonever
    Banned (with Prison Access) Posts: 193 ✭✭Hellotonever


    Mellor wrote: »
    Nope. you claimed been a millionaire. There was no hypothetical in the original post.
    You rolled out the "I'm writing fiction" in an pretend "if revenue ask" context.
    But really it was to deflect from your lack of understanding of tax laws.

    I mean you literally said;

    Which was a very odd challenge to issue if t was openly hypothetical.
    The embarrassed backpedaling is glorious.

    Uh yeah. Cringe conversation. Just pay your taxes and feel good about it.


  • #295
    grindle
    Registered Users, Registered Users 2 Posts: 6,026 ✭✭✭grindle


    relax carry on wrote: »
    Are there any moderators in this forum? The thread could do with a clean up of the Walter Mitty posts.

    They react to what's reported, so if you haven't they won't react.


  • #296
    barneystinson
    Registered Users, Registered Users 2 Posts: 4,685 ✭✭✭barneystinson


    The only thing I've learned as a result of this thread is what a midwit is. I thought the Hellotonever was having an autocorrect mare but turns out not.


  • #297
    chalky_ie
    Registered Users Posts: 324 ✭✭chalky_ie


    I hope Portugal has good mental health services anyway.


  • #298
    Nody
    Moderators, Category Moderators, Arts Moderators, Business & Finance Moderators, Entertainment Moderators, Society & Culture Moderators Posts: 18,334 CMod ✭✭✭✭Nody


    Mod:
    We thank Hellotonever for their contributions to this thread and wishes them all the best in their future endeavors.

    Hellotonever threadbanned and any further replies to or discussion of their posts to accordingly.


  • #299
    donnaille
    Registered Users Posts: 247 ✭✭donnaille


    I wonder if there is also a way to combine all of the useful tax information that gets shared over and over again into the first post.

    New questions on things like staking, NFTs etc. then become the topic of the discussion rather than taxation policies that are well understood by the posters here - who I must add still happily - and helpfully - respond to the same questions over and over again.


  • #300
    kippy
    Registered Users, Registered Users 2 Posts: 18,783 ✭✭✭✭kippy


    donnaille wrote: »
    I wonder if there is also a way to combine all of the useful tax information that gets shared over and over again into the first post.

    New questions on things like staking, NFTs etc. then become the topic of the discussion rather than taxation policies that are well understood by the posters here - who I must add still happily - and helpfully - respond to the same questions over and over again.

    The thing is, most of the things people ask on here are fairly easily "googleable" already in generally more up to date than having to rely on a somewhat static post (that someone needs to update)
    What people need to know is pretty much in here:
    https://www.revenue.ie/en/companies-and-charities/financial-services/cryptocurrencies/index.aspx
    Any posts really are most likely looking for a clarification of what is there or how best to minimise what they pay - , the answers to which vary depending on some variable.

    Some more stuff here:
    https://www.mooreireland.ie/MediaLibsAndFiles/media/nathansweb.moorestephens.com/Publications/Tax-Treatment-of-Cryptocurrency-Brochure-Web-Final.pdf
    https://irishtechnews.ie/crypto-taxes-in-ireland-how-to-prepare/
    Maybe stil that link to these three in the OP?

    I am always concerned when I see certain questions being asked in here, when there is a lot of information already around the topic out on the net, information that needs to be understood and particulaily if you are serious (about investing in general, not just crypto)


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  • #301
    Rob2D
    Registered Users, Registered Users 2 Posts: 2,449 ✭✭✭Rob2D


    Let's change the topic a bit for fun.

    How would crypto mining be taxed??

    Not that anyone would ever declare it anyway since it's impossible to prove almost. But if they did? Was wondering about it the other day.


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