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by JumpinJack_Cash 126 days ago
Evasion is basically just not declaring it. The individual investors are the best equipped to do that.

Europe has a different system , the broker doesn't automatically subtract the tax owed or even send the form to the tax authorities .
1 comments
lifestyleguru 126 days ago
Real brokers require TIN of an EU citizen and report the total capital gain over CRS to the country of your tax residence. If they don't do it they are not a broker and what you are buying with them are not shares.
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JumpinJack_Cash 126 days ago
The CRS is not valid for shares only for the cash amount held, (AKA the dry powder you have online to buy shares) which is not in scope for this law

And even then there are exceptions for examole you can do all your banking on Revolut which is a Money Service Business and MSB aren't part of the CRS because they are not banks. And you can also buy shares on there.

Also there is not a single person who got taken out by the CRS and it's been in place for 10 years now

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