UAE only works if you're willing to actually move your life there. Not just paperwork. Your actual life. Tax residency isn't a form that you complete anymore. You can't just rent a place in Dubai and live in Amsterdam. That game is over. Cold wallets provide you privacy until you need not to have privacy. Eventually you need fiat or you need to use a service which requires KYC. Then it all gets reported anyway but later. You're deferring the problem and not solving it. What annoys me about DAC8 isn't so much the reporting as it is. It's that it assumes that everyone using Win Token is avoiding taxes. Some people simply want privacy for normal reasons. But the system doesn't care a damn about the difference. Privacy is evasion to them and their eyes. Company accounts could work but you need substance. Real employees Real operations Real business purpose. Shell companies are immediately flagged. And if you're the good guy living in EU, good luck arguing you don't owe taxes there. The bigger thing is this whole system is in favor of people with money. If you can afford lawyers and accountants and actually relocating, you have your options. Everybody else just gets squeezed.
UAE only works if you're willing to actually move your life there. Not just paperwork. Your actual life. Tax residency isn't a form that you complete anymore. You can't just rent a place in Dubai and live in Amsterdam. That game is over. Cold wallets provide you privacy until you need not to have privacy. Eventually you need fiat or you need to use a service which requires KYC. Then it all gets reported anyway but later. You're deferring the problem and not solving it. What annoys me about DAC8 isn't so much the reporting as it is. It's that it assumes that everyone using Win Token is avoiding taxes. Some people simply want privacy for normal reasons. But the system doesn't care a damn about the difference. Privacy is evasion to them and their eyes. Company accounts could work but you need substance. Real employees Real operations Real business purpose. Shell companies are immediately flagged. And if you're the good guy living in EU, good luck arguing you don't owe taxes there. The bigger thing is this whole system is in favor of people with money. If you can afford lawyers and accountants and actually relocating, you have your options. Everybody else just gets squeezed.

UAE only works if you're willing to actually move your life there. Not just paperwork. Your actual life. Tax residency isn't a form that you complete anymore. You can't just rent a place in Dubai and live in Amsterdam. That game is over. Cold wallets provide you privacy until you need not to have privacy. Eventually you need fiat or you need to use a service which requires KYC. Then it all gets reported anyway but later. You're deferring the problem and not solving it. What annoys me about DAC8 isn't so much the reporting as it is. It's that it assumes that everyone using Win Token is avoiding taxes. Some people simply want privacy for normal reasons. But the system doesn't care a damn about the difference. Privacy is evasion to them and their eyes. Company accounts could work but you need substance. Real employees Real operations Real business purpose. Shell companies are immediately flagged. And if you're the good guy living in EU, good luck arguing you don't owe taxes there. The bigger thing is this whole system is in favor of people with money. If you can afford lawyers and accountants and actually relocating, you have your options. Everybody else just gets squeezed.

UAE only works if you're willing to actually move your life there. Not just paperwork. Your actual life. Tax residency isn't a form that you complete anymore. You can't just rent a place in Dubai and live in Amsterdam. That game is over. Cold wallets provide you privacy until you need not to have privacy. Eventually you need fiat or you need to use a service which requires KYC. Then it all gets reported anyway but later. You're deferring the problem and not solving it. What annoys me about DAC8 isn't so much the reporting as it is. It's that it assumes that everyone using Win Token is avoiding taxes. Some people simply want privacy for normal reasons. But the system doesn't care a damn about the difference. Privacy is evasion to them and their eyes. Company accounts could work but you need substance. Real employees Real operations Real business purpose. Shell companies are immediately flagged. And if you're the good guy living in EU, good luck arguing you don't owe taxes there. The bigger thing is this whole system is in favor of people with money. If you can afford lawyers and accountants and actually relocating, you have your options. Everybody else just gets squeezed.