MarkGS

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MarkGS

MarkGS

@TaxAndCrypto

International and Maltese tax lawyer. Crypto enthusiast. Football fanatic.

London, England 가입일 Mayıs 2009
889 팔로잉384 팔로워
MarkGS
MarkGS@TaxAndCrypto·
@thealepalombo I'm keen on understanding interpretation of rules so I occassionally research whether tax authorities issue guidelines (we have in Malta). This could be a goos data point: Crypto Guidelines Y/ N. If Y, potentially a link to guidelines.
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MarkGS
MarkGS@TaxAndCrypto·
@Innerdevcrypto @deltaxbt This is mental. A huge F U to the wealth builders. This will do nothing other than create an exodus of wealth, net contributors to the Dutch economy. Can't they see what happened/ what is happening in the UK?
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Innerdevcrypto
Innerdevcrypto@Innerdevcrypto·
i went to visit not that long ago and 😫 it simply is not the same country anymore as when i was a student 20+ years ago: - house-prices out of control - immigrants and head-scarfs everywhere - annoying fatbike youngsters everywhere - no positive vibe where the country is heading - an utterly delusionsal large left wing woke herd (even in power again now, with a parasite of a PM), accurately represented by that video you shared - unrealized gains tax on top country is done for but this is needed, more pain, more suffering, and in time a kind of restore britain party will emerge in the Netherlands as well
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MarkGS
MarkGS@TaxAndCrypto·
@0xRodo Before net worth is severely impacted by draconian (not fit for business) rules come into play
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Rodo
Rodo@0xRodo·
@TaxAndCrypto Malta looks nice. Wdym before it's too late?
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Rodo
Rodo@0xRodo·
I’m seriously considering moving to another country. Any suggestions?
Bitcoin News@BitcoinNewsCom

NEW: Dutch Parliament Member Michel Hoogeveen explains how the 36% unrealized capital gains tax, just passed by the House of Representatives, will work. Here is a more detailed example: Step 1. Starting position You own 500 shares. Value on Jan 1, 2028: €50,000 Value on Jan 1, 2029: €100,000 So the paper gain is: €100,000 − €50,000 = €50,000 unrealized profit You did not sell. But for tax purposes, that €50,000 is treated as income. Step 2. Apply exemption You are married, so you get a €3,600 exemption. €50,000 − €3,600 = €46,400 taxable amount Tax rate: 36% €46,400 × 36% = €16,704 tax bill That bill is due in May, even though you never sold anything. Step 3. Market falls before you pay Now suppose by May the shares drop in value. New total value: €60,000 So your portfolio is no longer worth €100,000. It’s worth €60,000. But the tax bill is still €16,704, because it was calculated based on the January 1 valuation. Step 4. You must sell shares to pay tax To raise €16,704, you sell part of your shares. After paying the tax, you’re left with: €60,000 − €16,704 = €43,296 Originally you had 500 shares. Now you have 360 shares left. You were forced to sell 140 shares. 140 ÷ 500 = 28% of your shares gone. Step 5. What happened economically? Before the correction: Paper gain was €50,000. After the correction: Portfolio is worth €60,000. Original cost basis was €50,000. Real gain is only €10,000. But you paid €16,704 in tax. So instead of being up €10,000, you are now: €43,296 − €50,000 = €6,704 below your original starting value. You turned a €10,000 real gain into a €6,704 net loss. And you lost 28% of your shares permanently.

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MarkGS
MarkGS@TaxAndCrypto·
@watchingmarkets @0xEthan You can come to Malta. EU but low/ no taxes for crypto gains. 300 days of ☀️. Yes its a small country but culture, seaside, great food and standard of living.
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Market Watcher
Market Watcher@watchingmarkets·
People keep saying Europe is in decline and that everyone should escape to low tax places like Dubai to build wealth, but to me it’s simple: if you truly care about Europe and its values, you stay and stand for them even in difficult times, rather than leaving to accumulate riches elsewhere, only to return later and enjoy the very system and society you contributed nothing to while you were gone.
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Ethan
Ethan@0xEthan·
I escaped the UK Moving to Dubai was the single best decision I’ve ever made. What is left of Europe is not what it once was. It’s a crime ridden, tax slave, corrupt hell scape. I’ll never return to my home country. You might call me a “hypocrite” for becoming an immigrant myself but the issue is not immigration it’s who the immigrants are as people. The UAE has the tightest immigration laws and checks in the world where only 5% of Dubais population are local Emirati’s, so why don’t they complain they’ve been over run with foreigners? I’ll tell you why, because they don’t let the bad ones in. You have to be able to sustain yourself if you want to live here, there’s no government hand outs. You also must have been an exemplary citizen of where you previously came from and even pass medical tests. Europe faces a cost of living crisis, traitors in government, lawless streets and effective self destruction all in the name of “inclusivity and empathy”. It’s beyond saving and I’m not going down the with ship while the captains are purposefully steering into an iceberg at full speed (likely blackmailed/alternative motive). I beg all Europeans to consider taking a leap of faith and move outside of the continent. It doesn’t have to be Dubai. Singapore is another great option, Hong Kong also great, Japan are very strict on immigration as well and have honour to maintain a good life for their citizens. America will likely face the same fate as Europe over time so personally I’d avoid it but for now it’s better than Europe. We live in one of the most pivotal points in all of human history and all you have to do is pick a place to live that could survive the fall of western civilisation. Do not delay action.
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MarkGS
MarkGS@TaxAndCrypto·
personal news: i got life sentence moving into @Jaileddotfun soon
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nooman
nooman@n01man·
crypto is dead no one believes in it this is when you're supposed to buy
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MarkGS
MarkGS@TaxAndCrypto·
@Innerdevcrypto Every reference to "EU" should include "EU or UK" I agree with the above comment by the way but just want to add that smaller EU states (such as Malta) although they have little political power can offer "safe havens" if one wishes to remain in the EU (at least in terms of tax).
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Innerdevcrypto
Innerdevcrypto@Innerdevcrypto·
I keep repeating the same thing: if you live in an EU country and have a business, some wealth, or some crypto, and you care about your future or at least want some options, at least get one residency outside of the EU or buy a property outside of the EU At the rate of dystopian 1984 EU rule implementation this is going, you will be happy you have created that option before the chains close even more around you, especially as a crypto person. They will come for your wealth and bitcoin, or with high taxes, or with exit-taxes, or simply freeze your accounts for being in crypto when crisis hits....you can mark my words on this, and the herd will aplaude this. Not to mention freedom of speech is curtailed at insane rates, plus another wide array of insane rules on eating less meat, using less energy, etc. In short...they want you to be weak...so you should prepare to be strong, especially on the inside, but preparing a bit on the outside is smart too In short, create options for yourself....just do it if you can. Residencies, passports, accounts off-shore, banking options. Just create some options if you can
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Coinbase 🛡️
Coinbase 🛡️@coinbase·
Pitch your favorite coin in one word.
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MarkGS 리트윗함
Twon | 00.sol
Twon | 00.sol@TwonXBT·
@Surprise_ing @redactedrain Shut the fuck up bro he shit on my floor he’s lucky I tucked his balls back between his legs before I took the pic
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European Commission
European Commission@EU_Commission·
🚦 Changes in road deaths in the EU from 2019 to 2024: 🇵🇱 -35% 🇸🇮 -33% 🇱🇹 -33% 🇧🇪 -27% 🇩🇰 -27% 🇲🇹 -25% 🇧🇬 -24% 🇷🇴 -21% 🇨🇾 -21% 🇨🇿 -20% 🇭🇷 -20% 🇱🇺 -18% 🇭🇺 -17% 🇦🇹 -16% 🇫🇮 -15% 🇱🇻 -15% 🇪🇺 -12% 🇵🇹 -10% 🇩🇪 -9% 🇮🇹 -5% 🇸🇪 -4% 🇬🇷 -3% 🇸🇰 -3% 🇳🇱 -3% 🇫🇷 -1% 🇪🇸 +2% 🇮🇪 +22% 🇪🇪 +33%
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Pindar Van Arman 💎
Pindar Van Arman 💎@VanArman·
The sovrn Marfa Pop-Up Gallery will not just be giving away prints to sovrn collectors, but the prints will be signed with the artists robotic signatures. Featured here: @mikeywoodbridge - available to anyone who owns a Latent Couture. Full list of eligible collection below...
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⚡️ Flash  [GyB] ⚡️
⚡️ Flash [GyB] ⚡️@gameplaysybugs·
Another little gift for those of us who bought the @oysterecosystem phone. I'm not entirely sure what it is, but I'm tired and sleepy. It's valued at $200, and it's going to be dropped to each holder of the NFT you received when you bought the phone. For those who don't remember, we have that NFT in the TON wallet. It seems like something novel, like an AI vape to help you quit smoking, with rewards for doing so, the rewards increasing the lower your nicotine levels are. Not bad. You can check it here: getpuffy.ai/puffypasswhite…
⚡️ Flash  [GyB] ⚡️ tweet media⚡️ Flash  [GyB] ⚡️ tweet media⚡️ Flash  [GyB] ⚡️ tweet media
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MarkGS
MarkGS@TaxAndCrypto·
@thealepalombo It is reactive to what the EU Courts hinted Malta needed to be doing 😂
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Alessandro Palombo
Alessandro Palombo@thealepalombo·
🇲🇹 Malta just reinvented citizenship as a subscription. It’s no longer enough to pay once. You must keep proving your “merit”, or risk losing your passport. Introducing the "Citizenship by Merit" model. Key differences from the old citizenship by investment model: • It’s not just about money anymore: You need to actively contribute to Malta’s economy, culture, science, or another key area. And not just once; it’s ongoing. • No set price tag: There’s no specific financial threshold. You just have to prove that your contribution is “substantial,” whatever that means in practice. • Some structure, still discretionary: Applications go through the Community Malta Agency and require endorsements from relevant sectors before being passed to the Minister. So it’s not FULLY discretionary... but it’s not fully transparent either. • No middlemen: You deal directly with the government agency. • It’s revocable: If you stop contributing or fall out of favor, your citizenship can be taken away. The twist? This isn’t a one-time investment, it’s more like a subscription. Keep delivering value, or lose access. Netflix, but for passports. Personally, I preferred the old model. At least it offered clarity and permanence. This new version adds layers of uncertainty. Even with a formal process in place, any system that relies on ongoing “merit” assessments feels unstable. What's your take on this, do you like this model better? Would you trust a passport that can be revoked?
Alessandro Palombo tweet media
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MarkGS
MarkGS@TaxAndCrypto·
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