CRS and reporting under 10K Euro!

[pixbix]

Can you show us what exactly it was reported? have you had‍ bank accounts being reported , with all transactions, what do brokers reports?

 

[OffshoreMonero]

Please explain this.

It depends on how you obtain the⁣ crypto.

Cash is dying in most countries. The younger generation doesn't want to use it.⁢

Yup, and that's all it takes too.

 

[sengas]

So if you live in foreign country, you work there and have a bank account,‌ will your bank report your account to your country of citizenship (only on the basis‍ of it)? I read the indicia criteria and there is no such thing. There is⁠ tax residence, address, telephone number, standing orders, power of attorney etc. but no one has⁤ mentioned that a citizenship is enough to be reported.
Can someone explain?

 

[Spinat]

I whish that would be⁣ true. Mister Tango who I didn't use for 3 years, reported the entire account to⁢ the tax office. The balance was a big fat ZERO by end of the last︀ 2 year because I didn't use it!

 

[Elel]

They reported‌ all transaction history?

 

[JackAlabama]

normally its in/outflows and EOY‌ plus your personal data.

 

[JohnLocke]

Everything is reported, can confirm‌ this. They showed me all transactions made with Mister Tango back 4 years ago.

No big deal for me, but good to know for everyone else that read this thread!‍