Originally posted by Murder1
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Cryptocurrency
Collapse
X
Collapse
-
Rhyddid i lofnod psychocandy!!!! -
Originally posted by scooterscot View PostIt's not ignorance it's fact. I can't speak in individual cases but it's like your friend is on the receiving end of some injustice.
It could not be clearer, the Steueramt here in München only care when it's returned to FIAT and that is was held for more than one year. They do not have the time or resources to understand thousands of transactions per year between different alt-coins:
"The distinction in German law stays the same: Private entities do not have to pay taxes on the gains if they hold their cryptocurrencies (starting from the first conversion of fiat currency into cryptocurrency) for more than a year. Legal entities are obliged to pay taxes on proceeds the moment it is cashed out to fiat currencies again or exchanged for other economic assets."
https://blog.neufund.org/cryptotaxes...d-c82cd512a403
I assure you they do care about each transaction (in his case, maybe because he was "found out"). How do you think the financial markets operate day to day? The trillions going through London is "unaccountable" due to sheer complexity and volume? No chance.Comment
-
Originally posted by Murder1 View PostWhy not just cloud mine instead - I've not yet looked at the cost comparison between the two approaches but I found buying the mining rig to be cost prohibitive as well as time consuming to setup/maintain.
I've been tempted to look into Genesis mining / Hashflare etc but not had the time
Comment
-
Originally posted by TheGreenBastard View PostIt's a federal issue.
I assure you they do care about each transaction (in his case, maybe because he was "found out"). How do you think the financial markets operate day to day? The trillions going through London is "unaccountable" due to sheer complexity and volume? No chance.
If not whats to stop me creating my own tulip coin (or coins) by say forking Lightcoin (howtos easily found), premining 100% of them them, setting a price as anything I choose and allowing BTC internal exchange only on a whois guarded web site I own and manage in Vietnam (probably created using a HYIP script from https://hyipsoftware.com/features/) to manipulate profit/loss for CGT ?
Remember - no regulation, no rules in Crypto.Comment
-
Originally posted by SunnyInHades View PostSurely only final cash out to fiat counts.
If not whats to stop me creating my own tulip coin (or coins) by say forking Lightcoin (howtos easily found), premining 100% of them them, setting a price as anything I choose and allowing BTC internal exchange only on a whois guarded web site I own and manage in Vietnam (probably created using a HYIP script from https://hyipsoftware.com/features/) to manipulate profit/loss for CGT ?
Remember - no regulation, no rules in Crypto.
Some UK accountant needs to chime in.Comment
-
Yesterday I mentioned ETC is going to explode. So far its taken a 10% hit with the South Korea news, don't worry. It is still going to explode.
Let me tell what else is about to explode. Decred (DCR). There's a rumour, but I'm not going to add to it just yet until it becomes a little more solid. But if true it could be another Stellar like Bull run."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
-
Ha! Just checked out the order book..
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
-
Originally posted by scooterscot View PostHa! Just checked out the order book..
Why can't I see the screenshot?Comment
-
Originally posted by ChimpMaster View PostWhy can't I see the screenshot?"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
-
Originally posted by scooterscot View PostDon't know - am sharing using my public folder on dropbox...
It's not letting me in, gives me a 403 error.
Looking at the order book on Bittrex, not sure I see anything untoward aside from a Buy order for 802 units at 725 sats....?Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment