neutron on Nostr: Probably the vast majority of hodlers have bought their corn from a KYC exchange that ...
Probably the vast majority of hodlers have bought their corn from a KYC exchange that already report transactions to government entities for capital gains tax purposes, if you sell corn.
What if those same reports are used to determine whether somebody has bought but not yet sold, and if so, is liable for this “unrealized gains” tax?
In that case, a boating accident wouldn’t be proof of non-ownership. You would need to have a sales receipt or something like that. Just speculating here.
I haven’t yet seen any specifics for the plans that France or Denmark (?) have made in terms of how they determine who to tax or not.
What if those same reports are used to determine whether somebody has bought but not yet sold, and if so, is liable for this “unrealized gains” tax?
In that case, a boating accident wouldn’t be proof of non-ownership. You would need to have a sales receipt or something like that. Just speculating here.
I haven’t yet seen any specifics for the plans that France or Denmark (?) have made in terms of how they determine who to tax or not.