It's all for 'transparency'. It's to 'protect' you. It's to 'fight' tax evasion. Honest. Multiple sources cited, tips on how to protect yourself, and further recommended reading and viewing resources.
The US requires everyone to disclose their entire holdings of digital money on their annual tax forms. It's been that way for the past couple of years. I found it very intrusive and creepy. It's not even income yet, simply an asset, but they require you to tell them about it.
Yes, I'm aware of how unfriendly the US govt has been towards crypto, especially via their Pitbull Terrier, Mr. Gary Gensler of the SEC. If the Uniparty selects Orange man in November, maybe it will be different. Maybe it's all one giant rug-pull. I agree with Mark Goodwin in his discussion with Whitney Webb, that Bitcoin is being highjacked by the US govt to act as a vacuum for all the fiat they are printing to inflate away their debt. According to Goodwin, the US govt also intends to force corporations and individuals to hold equal amounts of USD to BTC, to prop up the dollar and continue US economic hegemony - it's in that YouTube video I linked to at the end of the piece.
They are, of course, even considering taxing unrealized capital gains - which may never be materialized, but good luck getting your money back again if the value collapses!
GAVI Alliance assets are exempt from any form of requisition, confiscation or expropriation or any form of foreclosure, other government enforcement measures. Credits, income, assets are exempt from all taxes and fees.
The last place I would store physical Gold is in the vault of a Bullion Bank or a safety deposit box in any Bank. There are, however, many good places to store Gold in independent vaults in Singapore, some located close to SIN.
The US requires everyone to disclose their entire holdings of digital money on their annual tax forms. It's been that way for the past couple of years. I found it very intrusive and creepy. It's not even income yet, simply an asset, but they require you to tell them about it.
Yes, I'm aware of how unfriendly the US govt has been towards crypto, especially via their Pitbull Terrier, Mr. Gary Gensler of the SEC. If the Uniparty selects Orange man in November, maybe it will be different. Maybe it's all one giant rug-pull. I agree with Mark Goodwin in his discussion with Whitney Webb, that Bitcoin is being highjacked by the US govt to act as a vacuum for all the fiat they are printing to inflate away their debt. According to Goodwin, the US govt also intends to force corporations and individuals to hold equal amounts of USD to BTC, to prop up the dollar and continue US economic hegemony - it's in that YouTube video I linked to at the end of the piece.
They are, of course, even considering taxing unrealized capital gains - which may never be materialized, but good luck getting your money back again if the value collapses!
I wonder what they will do about Bill Gates?
GAVI Alliance assets are exempt from any form of requisition, confiscation or expropriation or any form of foreclosure, other government enforcement measures. Credits, income, assets are exempt from all taxes and fees.
The hearse whisperer, Gates, will probably be given our assets. #WeAreInThisTogether
There's also AAAR?
The last place I would store physical Gold is in the vault of a Bullion Bank or a safety deposit box in any Bank. There are, however, many good places to store Gold in independent vaults in Singapore, some located close to SIN.