europoooooor

crypto taxes make 0 sense in Europe 

could be why so many people are afraid to touch it

pure monetary police state

having fun onchain, product designer since 2018, farcaster DAU since 2023, portfolio → /basedstudio

personal crypto taxes in europe

1. need to declare more than big corporations do with large accounting offices

2. get bankrupted with the total amount to pay since holdings are down over 90% 

the only thing you can do in europe is work for a corp but for 3-5x less than in US

freelance or startup is either in shadows or you're bankrupting yourself

• building @bankr
• founder @payflow 
• made in /crimea 🇺🇦

Switzerland is not in the EU and got better laws and much less tax but still a bunch of bureaucracy

Like staking rewards, airdrops are taxable no matter the amount lmao so if you get $1 airdrop you have to declare it

any particular EU country which does it better or it doesn't matter? Like Switzerland, Portugal?