Disappear an important cryptocurrency amount for tax authorities

CyprusLawyer101 said:

I think i can do it legally.

did you work it out for him? I have a friend in a similar situation which I would like to send to you.

burden said:

did you work it out for him? I have a friend in a similar situation which I would like to send to you.

Hi, did not follow through with this person. I will send you a PM.

Do you pay tax on a loan?

You could get a loan on liquity against ETH and get liquidated, so you get 95%+ of your amount as a loan.

carlosbl said:

Hi,

I would like to "disappear" an important cryptocurrency amount for tax authorities in a country with high tax rates, in order to avoid paying capital gains tax and wealth tax.

My initial idea is to justify the loss of this capital by investing in a project that will be a failure, or the purchase of an NFT that will go to zero.

The cryptocurrency capital will then "reappear" in a company in a zero-tax jurisdiction. In the middle there will be a traceability break via monero and several companies.

I would like to know your suggestions on possible solutions, maybe you have much better ideas.

Thanks.

do you see this newly publication
https://www.offshorecorptalk.com/th...oophole-for-crypto-”“-ways-to-reduce-tax.37291
it's almost made for you.

carlosbl said:

Here on the Binance Smart Chain (BSC):

Indeed, getting it all converted to crypto somehow may help you for now. It's one of the best solutions to avoid taxes.

How to invoice your spanish entity and pay in bitcoins or your coins you may have and get the money back in FIAT or wetser union - could that work somehow?

fanban said:

How to invoice your spanish entity and pay in bitcoins or your coins you may have and get the money back in FIAT or wetser union - could that work somehow?

that could indeed work well.