Roger Ver has been arrested

[yahoo62278]

Likely won't be the 1st bitcoiner from the beginning that we see arrested for evading taxes. Government is always watching, people need to realize that. They're getting their piece regardless.

How can they charge him for avoiding taxes when he renounced US citizenship a long time ago?
He doesn't live there anymore, but problem is that he is a public figure and they don't like what he is saying, so fter so many years they just now decided to arrest him in foreign country.
Last thing I hear that he is now in the same prison as John McAfee in Spain, let's hope they won't kill him in similar way.

Depends on when he sold bitcoins and where he operated business from. If he was operating from the USA or sold btc while living in the USA, they can get their piece.

[Faisal2202]

If America imposes a strict ban on the use of bitcoin like this, it will be bad news for bitcoin and most likely this will cause the price of bitcoin to collapse. I suspect that what the American government is doing is aimed at controlling the price of bitcoin.

If America becomes the next China, then BT will definitely face huge downtrends, but China did not accepted ETFs, and USA did, which means USA took the financial benefit from BTC by accepting it. Now they just have started so I don't think they will create a situation in which investors will suffer to live. As if investors won't be given proper facilities then they might even leave the country.

As, leaving the country can save them tax as well. Besides if USA citizens stop buying and selling BTC, it will still be functional. As BTC price is no doubt greatly influenced by USA but with time it will recover and the trend will shift to another country maybe.

[NotATether]

As, leaving the country can save them tax as well. Besides if USA citizens stop buying and selling BTC, it will still be functional. As BTC price is no doubt greatly influenced by USA but with time it will recover and the trend will shift to another country maybe.

You have to pay a massive exit tax to renounce your American citizenship, so this is not viable except to really rich people who move to tax havens to keep their wealth (and they will not be allowed to enter the US again if tax evasion is the reason why they did that).

[Peter90]

Excuse me? Where did I say I side with authorities and main stream media on this?

It is a well-known fact that Roger Ver's US-based businesses fell afoul of the US tax laws, despite no longer being a US citizen. Those are the kind of things that can get you into trouble with them.

Well... agreeing with the tax agencies is called siding with the tax agencies, NotATether

Excuse me? Where did I say I side with authorities and main stream media on this?

It is a well-known fact that Roger Ver's US-based businesses fell afoul of the US tax laws, despite no longer being a US citizen. Those are the kind of things that can get you into trouble with them.

Well... repeating what main stream media say is called siding with mainstream media, NotATether




........

Another criminal
Go after him crypto people!

[dkbit98]

You have to pay a massive exit tax to renounce your American citizenship, so this is not viable except to really rich people who move to tax havens to keep their wealth (and they will not be allowed to enter the US again if tax evasion is the reason why they did that).

Land of the fReE 
It's even worse to do that in Canada now, with new laws they are making it very hard for anyone to leave that country and they are charging huge additional taxes.
Canada is looking more and more like Cuba, but maybe this is because of genetics... there could be connection between Justin Trudeau and Fidel Castro via Margaret Trudeau. 

[0t3p0t]

44 million in tax evasion, that's why he is in trouble, not because he used bitcoins or money or anything else.

Well, $44M worth of tax evasion is huge and no doubt the government will sue Roger Ver correct me of I'm wrong. I think that was just a fair action by authorities in that matter and really has nothing to do with Bitcoin. Whatever the hidden agenda that others might think what the authorities are doing is that it may fall into like a conspiracy theory as for me it was a clear tax evasion.

[NotATether]

Well... repeating what main stream media say is called siding with mainstream media, NotATether

That is backwards. By that logic, that would mean every account tweeting about this or writing it on social media, Medium, and other blogs including Lyn Alden and Joel Valenzuela who you quoted in your post are all siding with mainstream media.

Have you ever considered that MSM doesn't care about your or my opinion? That's why it's still primarily broadcasted on TV or on large websites with a comment section only observed by some outsourced content moderators from India.

You really can't allow them to just dominate the discussion like that. If there is no way to have any discourse or opinion then we will be stuck watching and scrolling through news written by billion dollar companies.

[Faisal2202]

You have to pay a massive exit tax to renounce your American citizenship, so this is not viable except to really rich people who move to tax havens to keep their wealth (and they will not be allowed to enter the US again if tax evasion is the reason why they did that).

So, you are saying if a person moves to another city they have to tell the US official why they are going to a tax haven even if it's obvious to know or assume. Why would they not be welcome by them again? It's a little selfish well, if they are then they should not allow them to flee in such tax havens. Actually, this info is new for me as till now I have seen a lot of people using this facility and still, they are American citizens.

I think there is a need to pass the same bill as Oklahoma has approved. Besides, why would a person give up his status of US citizenship in order to go to tax havens he can also go there as a tourists or not?

[pacar_tiri]

44 million in tax evasion, that's why he is in trouble, not because he used bitcoins or money or anything else.

Well, $44M worth of tax evasion is huge and no doubt the government will sue Roger Ver correct me of I'm wrong. I think that was just a fair action by authorities in that matter and really has nothing to do with Bitcoin. Whatever the hidden agenda that others might think what the authorities are doing is that it may fall into like a conspiracy theory as for me it was a clear tax evasion.

This is the result of being too arrogant in Cryptocurrency, especially when one lives in the United States which is very strict and careful with their finances, including in the world of taxes. With the case that happened to Roger Ver, this can be a lesson when you want to build a Cryptocurrency business, so it's better not to be in a country that has strict financial conditions.

[NotATether]

You have to pay a massive exit tax to renounce your American citizenship, so this is not viable except to really rich people who move to tax havens to keep their wealth (and they will not be allowed to enter the US again if tax evasion is the reason why they did that).

So, you are saying if a person moves to another city they have to tell the US official why they are going to a tax haven even if it's obvious to know or assume.

No that is not correct.

Simply moving to another country doesn't do anything, its if you file paperwork to renounce your citizenship when this stuff applies. (I'm not sure whether they ask why they are going to a tax haven though.)

Besides, why would a person give up his status of US citizenship in order to go to tax havens he can also go there as a tourists or not?

Facebook cofounder Eduardo Saverin also left the country and renounced his citizenship so that he didn't have to pay taxes from his ~7 billion dollar stock, and i'm sure there are a few other cases too.

[Mr. Magkaisa]

     -   Well, here in our country, so far no law has been made that crypto/bitcoin earners will be taxed. But most of us here who are crypto enthusiasts are already expecting that to happen in the future, as long as we only ask that it not be too big so that it won't hurt us either.

Because in other countries, I heard about the height of the tax percentage that is deducted from Bitcoin earners because, if I'm not mistaken, it's around 30–40%. Of course, if the tax is implemented, it won't be the same percentage. We are willing to follow the law that our government has to implement.