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To be pedantic about it , it depends on how rare is your name/surname and DOB

Oh so you meant physical goods, plus claiming a scam. I think this is safer than claiming a BTC scam because it's a method used by more people and thus those using it would disappear against those who abuse it to move important amounts. With NFTs, I think you'd be alone in doing this. Last...

Vat is paid even outside of the country , via the reverse charge mechanism

The Tax autorhity doesn't care about the NFTs . It cares about 200K leaving Belgium. The journo approach is valid but you need a pethora of other people which are "scammed" as well and complain , otherwise it's really sus. He'd have to pay Belgian VAT. Meaning the Chinese company that helps...

> quality of life Instead of doing this: LLC>Complicated scheme>Owner bank account>1 month trip to Dubai you do this: LLC> books a 1 month trip to Dubai and it counts that as a business expense which offsets income The owner of the company presumibly wants to extract money because he wants...

I am saying they are equivalent. You'd not get away with "I bought this kitty jpg for 200k" When 2 strategies are equivalent, might as well go for the easiest one because it's less time consuming and gives you time to do other stuff, including starting the clock early for the statue of...

So it's an LLC from what you are saying. When you say reduce company profits you mean reduce or ""reduce"". Also what is the problem with a more mainstream approach in the form of characterizing stuff as a business expense which counts against income At some point the owner has to convert the...

The weak link in the whole scheme is the moment you wire money from you Belgium bank account to the crypto exhange to acquire BTC/ETH. Once you are able to do that then you don't need the NFT extra steps , just buy BTC, withdraw and move the BTC to the Dubai company exchange account and from...

What's the goal of the scheme? Deferral of taxation for the company or getting money to the owner of the company untaxed

Somebody has been spending too much time on the internet and not enough in the real world. Despite the excel sheets and the personally crafted solutions that we all come up with thinking we are geniuses...there are reasons why these places like Sark, Transastria, Pitcarin Islands, Saint Helena...

You are basically throwing yourself at some guy who is selling shovels during a gold rush. In my experience advisory/consultancy are 99% BS , and that is for regular industries, in crypto I think it might be 1000% even if it's not mathematically possible.

The regions don't matter. The epicenter of a social movement like crypto is the US. If you can't target the US your ICO won't get off the ground. SEC said that you can't target US persons. You are better off saying that you do an ICO among your circle of people that you can reach directly via...

What do you do with the money from a loan? Do you keep it sitting in the issuing bank? No, you spend it. Also if what you say is true why are there so many stress tests and the requirements which expressily say that Central banks reserves are equal to government bonds for the purposes of...

A bank doesn't create money for itself. When a bank gives out a loan, the client doesn't just sit on the loan. It wires the money out to other people and companies. So the money "created" just sits with the creating bank for a minimum amount of time An accurate way of saying this is that the...

Dude I am not the one claiming it. It's the Fed/ECB requirements. 1 dollar of customer deposits supports 10 dollars of loans (not 500x never claimed that). It's called monetary multiplier and fractional reserve banking. Please educate yourself, I don't think you'll get past the equations...

Ok but in what sense? What's the trigger for the transfer? Money arriving in a Maltese bank account or just the funds being in the availibility of the person or company which is resident in Malta ? Because if that's the case good luck policing a guy making say 500k/yr and prevent him to spend...

Can somebody explain once and for all what does "remitted" mean? It's like one of those words from the 1600s that only a beurocrat would know what it means

1) Accounting? In UAE?? Lol. 2) More friendly than UAE? You'll not find any. Call your UAE bank, ask them to give you a credit or debit MasterCard or Visa and then spend at will for your personal expenses.

Of course withholding is not due, they get them with Sales taxes with nexus starting as low as 50k in some states, and the most importantly the federal income tax on the yearly income of the Delaware LLC It is important to think when reading documents . Do you really believe not paying US taxes...

Do you ever comment on a positive development? Just asking.