[0] https://en.wikipedia.org/wiki/Roger_Ver [1] https://www.hijackingbitcoin.com/ [2] https://en.wikipedia.org/wiki/Bitcoin_Cash [3] https://medium.com/@jonaldfyookball/why-some-people-call-bit...
BCH was also never "his" fork, it was just the fork he started to support.
"bash" is a slur to attack the BCH fork, same as the character assassination that Roger has been subjected to.
Finally, he sold firecrackers on eBay.
> Even though Ver was not then a U.S. citizen, he was still legally required to report to the IRS and pay tax on certain distributions such as dividends from MemoryDealers and Agilestar, which were U.S. corporations.
> In total, Ver is alleged to have caused a loss to the IRS of at least $48 million.
Lesson: You can’t run away from Uncle Sam even after signing away your citizenship.
Things look quite bad for him, he went all in on Bitcoin Cash, and even used leverage. He defaulted on CoinFLEX and owes them $47M in USDC. Roger Ver went from owning 131,000 Bitcoins in 2014 (worth almost 8 billion USD as of today) to pretty much broke.
Yes. Trials are adversarial- persuasion often matters as much or more than facts in formal legal writing. Blog posts presenting reason for prosecuting someone even moreso... Public perception, politics, etc etc etc.
John McAfee was also arrested in Spain in 2021 for tax evasion taxes, and was found dead in prison.
- yeah, don't go to Spain
(c) Snatch
https://caselaw.findlaw.com/court/us-4th-circuit/1627804.htm...
I just don't get why some people are so obsessed with not paying tax.
You don't have to pay tax when you didn't earn money so stop being so stingy.
I know lots of people who go to extraordinary lengths to reduce the amount of tax they will pay even if it means they end up with less money in their pocket. It's crazy. Needing to pay tax seem to make some people go nuts.
I know one person who would rather make half the salary because it means less is paid in tax. I just roll my eyes.
Just pay it. It pays for defence, education, health, government services and a bajillion other things.
Get a grip, tax obsessives.
For some insight into the mind of nullc, see his abusive Wikipedia behavior[0].
[0]: https://en.wikipedia.org/w/index.php?title=Wikipedia:Adminis...
Since apparently some lame edit war on Wikipedia I got into 18 years ago that lasted all of about a day and was shortly forgotten by all is of such apparent interest, perhaps you'd be interested in sharing exactly what you were up to 18 years ago?
In any case, I fail to see how pointing out the he is a government representative-- according to twitter-- is in any way a character assassination.
US citizens have an IRS filing requirement even when living abroad.
What other countries behave like the US in this regard?
In Finland you have to live abroad for 3-4 years until you are not taxed anymore.
Source: I did it.
And of course if you have assets in The Netherlands of any kind you'll have to keep filing IRS as long as you have anything going on there.
Tax fraud is fraud. The US definitely extradites for fraud.
* Gaston Bastiaens
* Stein Bagger
* John Kirk
You can live and work in US without citizenship, right?
Which citizenship would be good to get instead of US?
As Kerry Packer said, anyone who doesn't minimize their tax is a mug.
Avoiding tax is illegal, minimising tax is common sense.
What I am talking about is people who would rather less money in their own pocket if it means paying less tax. Makes no sense at all.
I'm talking about people who are unreasonably obsessed with paying tax.
Old money doesn't pay taxes through international arrangements. It's only for the working and lower middle class. Gifts from foreign people, companies and trusts are completely tax free in America for example. It's not talked about unlike bullshit minimum taxes on new money because same people controlling the media use it.
Income tax is primarily designed to keep elites in power and to prevent social mobility, they don't have to do anything special, not paying taxes over decades is an incredible advantage. If you start poor the only realistic option is to risk evasion until you make enough to start not paying legally, and the limitations period on tax evasion runs out.
$5m is life changing.
Having said that it is stupid to commit tax fraud and live a life of perpetual fear.
This is where people lose perspective. You're not "losing" anything. If $2million is owing on $5million then the $2million was never yours to "lose to tax". The $2million was always owned by the government (assuming it is calculated correctly).
The mindset that tax is losing money or being taken from you is I think at the heart of why some people go tax crazy.
It's easier to deal with if you don't ever see it as your money, cause its not your money.
You made $3million and part of the cost of making $3million is $2million tax.
Focus on the $3million. The $2million in a real way does not exist to you.
But you have to pay a fixed VAT for what you buy, even if that is food or clothing to survive. Remember, you pay twice.
The tax office cares if you have a domicile ("living base") in Japan or possess a residence there for over a year.
Not a tax professional.
It's not like the US is funding that foreign work to be done on their behalf, either. So the reticence to even bother with creating bank accounts for American citizens makes sense.
Personally I never heard of this tax before, despite being a German living in Austria, but then: The tax targets wealthy individuals with company holdings trying to evade taxation. https://de.wikipedia.org/wiki/Wegzugsbesteuerung
Agreed that there is some tension with EU principles, but it is difficult to get it right. Building a company in country A for 20 years, then moving to country B for 184 days to sell it completely without paying taxes also does not seem like a fair system.
Pensions for elderly works within borders of EU.
You can for example move from Netherlands to Poland for retirement and get Dutch pension while living very comfortably in Poland.
The US government makes employers (corporations) pay a large amount of money into the private health insurance system (Required by law per employee. That sounds socialized, doesn't it?). They do that to reduce the tax burden on the poor, and to maintain healthy competition in the insurance market, for better or for worse.
In my opinion, that means doctors make more money because insurance companies put the burden of paying them on big corporations that can afford to do so.
Essentially, it means the poor get healthcare, the rich pay for it, and small business owners can expense it as a reduction in tax liability.
What do you suppose you'd do if you were an employer (a corporation) with global media reach who didn't want the government to force you to pay for your workers' health care?
Well, I think you'd invest a lot into propaganda teaching people that rich corporations shouldn't pay it, the government (aka poor taxpayers) should pay for it.
And that's why so many people are under the same impression that you have (or had).