You can obviously buy "big" things with crypto...
Right now it's not regulated, so you can just then income to a suitable tax
group (eg. Foreign Investment) to it and it's up to SARS to determine if
it's correct. You will still pay tax on it. It's just the amount that
varies depending on the tax group. Otherwise, you can also just travel to
countries that have BTC ATMs and withdraw from there...
https://coinatmradar.com/
But this is why people sell on localbitcoins.com. They want to avoid it
going through their bank accounts.
On Wed, Nov 29, 2017 at 12:02 PM, lindsey kiviets <lindseyak@xxxxxxxxxxx>
wrote:
dat honesty system.
like the honesty system at Paas' place. you mus right your real name and
cell number in the book. lmao, Trevor Noah ftw
------------------------------
*From:* cpt-fgc-bounce@xxxxxxxxxxxxx <cpt-fgc-bounce@xxxxxxxxxxxxx> on
behalf of Donaldson, Alasdair <alasdair.donaldson@xxxxxxxxxx>
*Sent:* 29 November 2017 09:56 AM
*To:* cpt-fgc@xxxxxxxxxxxxx
*Subject:* RE: Hello
Right now in theory you should be keeping track of your profit and losses
on trades. If you buy and hold for 4 or 5 years, then sell, then it is not
an issue. You can though buy on one exchange, shift to another, cash out in
a different country, use credit cards registered in other countries to buy
stuff… all that jazz. There is no real way for SARS to track all this right
now. They’re relying on you suddenly getting a huge amount of cash and
declaring it as income. Pretty much based on your word.
*From:* cpt-fgc-bounce@xxxxxxxxxxxxx [mailto:cpt-fgc-bounce@xxxxxxxxxxxxx]
*On Behalf Of *Wynand-Ben
*Sent:* 29 November 2017 11:53 AM
*To:* cpt-fgc@xxxxxxxxxxxxx
*Subject:* Re: Hello
So not knowing hot to declare it is the problem?
I dont see how it having a trail is an issue...
In order to buy that car or house you need to cash out. Declare when you
crash out and the the trail is fine?
I may just be grossly misunderstanding how any of this works lol
------------------------------
*From:* cpt-fgc-bounce@xxxxxxxxxxxxx <cpt-fgc-bounce@xxxxxxxxxxxxx> on
behalf of lindsey kiviets <lindseyak@xxxxxxxxxxx>
*Sent:* Wednesday, November 29, 2017 11:32 AM
*To:* cpt-fgc@xxxxxxxxxxxxx
*Subject:* Re: Hello
this mainly applies to rich ppl.
I think everyone else is okay. But cryptos are based on trust, so if you
want my console and I want btc. we do a deal and that's that.
if you wana buy a car, it needs to be registered and all that kuk, same
with a house. proper procdures eed to be followed, when that happens, a
trail emerges. a trail that traces back to "where did you get the money to
buy this kuk"
------------------------------
*From:* cpt-fgc-bounce@xxxxxxxxxxxxx <cpt-fgc-bounce@xxxxxxxxxxxxx> on
behalf of Wynand-Ben <paashaasggx@xxxxxxxxxxx>
*Sent:* 29 November 2017 09:23 AM
*To:* cpt-fgc@xxxxxxxxxxxxx
*Subject:* Re: Hello
So the problem is not knowing how to declare it?
So you cant just cash out your coins and have it act as you receiving a
salary for that amount?
If I was in that position I would just like to know how can I use my money
and not end up in legal issues down the line.
If they actively trying to avoid tax then fuck them.
Let them worry about it.
------------------------------
*From:* cpt-fgc-bounce@xxxxxxxxxxxxx <cpt-fgc-bounce@xxxxxxxxxxxxx> on
behalf of Donaldson, Alasdair <alasdair.donaldson@xxxxxxxxxx>
*Sent:* Wednesday, November 29, 2017 11:18 AM
*To:* cpt-fgc@xxxxxxxxxxxxx
*Subject:* RE: Hello
Seems like this would be an issue for people who want to be legal and pay
their taxes (not sure if these people exist).
*From:* cpt-fgc-bounce@xxxxxxxxxxxxx [mailto:cpt-fgc-bounce@xxxxxxxxxxxxx
<cpt-fgc-bounce@xxxxxxxxxxxxx>] *On Behalf Of *lindsey kiviets
*Sent:* 29 November 2017 11:16 AM
*To:* cpt-fgc@xxxxxxxxxxxxx
*Subject:* Re: Hello
im not saying don't pay tax, im suggesting that if you do go that way then
you cant buy anything because you will be watched by the hawks.
the problem is declaring the income. at the moment the banks and
investment instiutions issue you with and IT3B or C, showing your interst
and capital gain on your investments. You get taxed on this, easy enough.
if your bitcoin is on an exchange, and you actively trading in and out of
funds. how do you even keep track of all those kuk. how do miners income
tax position look? how do people who cloud mine, can they deduct that
expense and then claim the loss on mining revenue agains their taxable
income?
Treasury don't even consider bitcoin to be legal tender, which means, if I
stole your btc you cant do anything to me. you cant use the law to get it
back.
I don't see how they can regulate it, I am concerned with how do you
quanitfy paying tax on it.
------------------------------
*From:* cpt-fgc-bounce@xxxxxxxxxxxxx <cpt-fgc-bounce@xxxxxxxxxxxxx> on
behalf of Wynand-Ben <paashaasggx@xxxxxxxxxxx>
*Sent:* 29 November 2017 09:08 AM
*To:* cpt-fgc@xxxxxxxxxxxxx
*Subject:* Re: Hello
Well yes...
But whats better.
Being unable to use your millions of rand besides groceries.
Or buying shit you want but only being able to use a bot more than half?
Also Ignoring the fact that our country is run by monkies and the are
probably pissing the money away...
Isnt having the top 1%(Thats likely what you are when have that much
money) paying their taxes properly a good thing?
Or anybody for that matter?
------------------------------
*From:* cpt-fgc-bounce@xxxxxxxxxxxxx <cpt-fgc-bounce@xxxxxxxxxxxxx> on
behalf of lindsey kiviets <lindseyak@xxxxxxxxxxx>
*Sent:* Wednesday, November 29, 2017 10:58 AM
*To:* cpt-fgc@xxxxxxxxxxxxx
*Subject:* Re: Hello
the marginal rate for us is 41% for the super rich.
that's R1 500 000 and up taxable income.
"...sure you wont have the same amount"
its almost half breh
------------------------------
*From:* cpt-fgc-bounce@xxxxxxxxxxxxx <cpt-fgc-bounce@xxxxxxxxxxxxx> on
behalf of Wynand-Ben <paashaasggx@xxxxxxxxxxx>
*Sent:* 29 November 2017 08:52 AM
*To:* cpt-fgc@xxxxxxxxxxxxx
*Subject:* Re: Hello
How can you not buy big things with it?
If you just let them tax you on your income like everything else then you
can use it just fine?
Sure you wont have the same amount but if you have enough to start buying
cars and houses then you will probably still be on top by the end.
Unless im missing something
------------------------------
*From:* cpt-fgc-bounce@xxxxxxxxxxxxx <cpt-fgc-bounce@xxxxxxxxxxxxx> on
behalf of Ashraf Barendse <ashraf.barendse@xxxxxxxxx>
*Sent:* Wednesday, November 29, 2017 10:48 AM
*To:* cpt-fgc@xxxxxxxxxxxxx
*Subject:* Re: Hello
can you buy consoles and games and food?
that would be good enought for me.
On 29 Nov 2017 10:27 AM, "lindsey kiviets" <lindseyak@xxxxxxxxxxx> wrote:
there was a show,Ozark, with this bra Jason Bateman.
Mob got him to launder money. Some random peeps stole this money belonging
to the Mob.
He goes to these skelms and tell them, the Mob is gna find out, once you
buy any fancy kuk the Mob will know. The best they can do is buy groceries
for the rest of their lives.
same thing with SARS, you cant buy anything big, your kuk will come out
soon enough.
------------------------------
*From:* cpt-fgc-bounce@xxxxxxxxxxxxx <cpt-fgc-bounce@xxxxxxxxxxxxx> on
behalf of Donaldson, Alasdair <alasdair.donaldson@xxxxxxxxxx>
*Sent:* 29 November 2017 08:22 AM
*To:* cpt-fgc@xxxxxxxxxxxxx
*Subject:* RE: Hello
Yeah, also a lot of governments through Africa are getting serious about
this stuff because of transfer pricing. Not surprising though, people were
effectively just funnelling all their cash out the country and avoiding tax.
*From:* cpt-fgc-bounce@xxxxxxxxxxxxx [mailto:cpt-fgc-bounce@xxxxxxxxxxxxx]
*On Behalf Of *lindsey kiviets
*Sent:* 29 November 2017 10:21 AM
*To:* cpt-fgc@xxxxxxxxxxxxx
*Subject:* Re: Hello
ive heard there is a division within SARS who do means test.
basically, driving around.
if you drive a Porsche checking to see if your taxes are up to date. Im
not sure if it is true, but ive heard about them.
also with the global village, most countries are working together to try
and minimize tax evasion. there is literally no place to hide your kuk
anymore. Swiss offshore bank account? tsek, get regulated by Foreign
Exchange Control.
------------------------------
*From:* cpt-fgc-bounce@xxxxxxxxxxxxx <cpt-fgc-bounce@xxxxxxxxxxxxx> on
behalf of Donaldson, Alasdair <alasdair.donaldson@xxxxxxxxxx>
*Sent:* 29 November 2017 08:12 AM
*To:* cpt-fgc@xxxxxxxxxxxxx
*Subject:* RE: Hello
That’s an odd point though – has SARS properly started doing lifestyle
reviews? I know that there were questions about politicians and stuff and
whether SARS would look into how they’re affording million rand houses on
their (low) government salaries.
*From:* cpt-fgc-bounce@xxxxxxxxxxxxx [mailto:cpt-fgc-bounce@xxxxxxxxxxxxx
<cpt-fgc-bounce@xxxxxxxxxxxxx>] *On Behalf Of *lindsey kiviets
*Sent:* 29 November 2017 10:10 AM
*To:* cpt-fgc@xxxxxxxxxxxxx
*Subject:* Re: Hello
I realized now, that even if you make a bazillion dollars on bitcoin , you
cant buy big things with it.
house car stuff, they all have paper trails and once you have it, applying
a means test is simple. from there you are fkd, SARS will want to know how
are you buying this kuk with your salary. gtfo, you either drug dealer or
you dabbling in untaxed crypto kuk.
------------------------------
*From:* cpt-fgc-bounce@xxxxxxxxxxxxx <cpt-fgc-bounce@xxxxxxxxxxxxx> on
behalf of Donaldson, Alasdair <alasdair.donaldson@xxxxxxxxxx>
*Sent:* 29 November 2017 06:40 AM
*To:* cpt-fgc@xxxxxxxxxxxxx
*Subject:* RE: Hello
That’s less about boosting and helping you through rifts and more about my
luck with items, right?
*From:* cpt-fgc-bounce@xxxxxxxxxxxxx [mailto:cpt-fgc-bounce@xxxxxxxxxxxxx
<cpt-fgc-bounce@xxxxxxxxxxxxx>] *On Behalf Of *lindsey kiviets
*Sent:* 29 November 2017 8:37 AM
*To:* cpt-fgc@xxxxxxxxxxxxx
*Subject:* Re: Hello
stu pls
I need to run with you.
------------------------------
*From:* cpt-fgc-bounce@xxxxxxxxxxxxx <cpt-fgc-bounce@xxxxxxxxxxxxx> on
behalf of Donaldson, Alasdair <alasdair.donaldson@xxxxxxxxxx>
*Sent:* 29 November 2017 06:33 AM
*To:* cpt-fgc@xxxxxxxxxxxxx
*Subject:* RE: Hello
@LB – cleared the 85.
*From:* cpt-fgc-bounce@xxxxxxxxxxxxx [mailto:cpt-fgc-bounce@xxxxxxxxxxxxx
<cpt-fgc-bounce@xxxxxxxxxxxxx>] *On Behalf Of *Manase Zote
*Sent:* 28 November 2017 3:49 PM
*To:* cpt-fgc@xxxxxxxxxxxxx
*Subject:* Re: Hello
Awesome dude :)
On Tue, Nov 28, 2017 at 7:48 AM, Nicholas Robertson-Muir <
nicmuir@xxxxxxxxx> wrote:
Gonna give them a spin tonight.
I'll let you know.
On Nov 28, 2017 6:54 AM, "Manase Zote" <bmlzote@xxxxxxxxx> wrote:
Sounds promising dude.
What about these kof11, 2k2 um?
On Mon, Nov 27, 2017 at 10:35 PM, Nicholas Robertson-Muir <
nicmuir@xxxxxxxxx> wrote:
Perhaps, but then you will need to mod the old one.
Unless, you find an older one.
Either way, compatability so far looks promising.
HNK works at 1/2 speed tho :(
KOF98UM well. NGBC works too.
Neowave doesn't seem to boot, but it may be because of my mod, same with
CVS2.
On Nov 27, 2017 16:23, "Manase Zote" <bmlzote@xxxxxxxxx> wrote:
It looks I would have to buy a seperate ps3 for this :)
On Mon, Nov 27, 2017 at 11:15 AM, Nicholas Robertson-Muir <
nicmuir@xxxxxxxxx> wrote:
It's not really an issue if you consider the console is reaching EOL.
On Mon, Nov 27, 2017 at 11:13 AM, Ashraf Barendse <
ashraf.barendse@xxxxxxxxx> wrote:
ah ok. isee
On 27 Nov 2017 10:47 AM, "Nicholas Robertson-Muir" <nicmuir@xxxxxxxxx>
wrote:
correc
Just remember that online functionality will end.
Risking your SEN account banned is a big deal
On Mon, Nov 27, 2017 at 10:44 AM, Ashraf Barendse <
ashraf.barendse@xxxxxxxxx> wrote:
so if i wanted to download and play a Japanese only game , it would be
easy enough. dont smaak to import the disc
On 27 Nov 2017 10:33 AM, "Nicholas Robertson-Muir" <nicmuir@xxxxxxxxx>
wrote:
Well, then you have a reason to mod I suppose?
Just use the ethernet for the modding process
On Mon, Nov 27, 2017 at 10:30 AM, Ilitirit Sama <ilitirit@xxxxxxxxx>
wrote:
My PS3 slims Wifi doesn't work any more. Both controllers are broken as
well.
On Mon, Nov 27, 2017 at 10:25 AM, Nicholas Robertson-Muir <
nicmuir@xxxxxxxxx> wrote:
I still have to get round to it.
I wanted the PS1 mod when the supplier sent me an alert that they are now
stocked. They just put the price up by 150%.
I'll wait a bit for their 2nd run.
On Mon, Nov 27, 2017 at 10:23 AM, Donaldson, Alasdair <
alasdair.donaldson@xxxxxxxxxx> wrote:
@Nick – did you have any luck with that old ps1 of mine?
*From:* cpt-fgc-bounce@xxxxxxxxxxxxx [mailto:cpt-fgc-bounce@xxxxxxxxxxxxx]
*On Behalf Of *Nicholas Robertson-Muir
*Sent:* 27 November 2017 10:21 AM
*To:* cpt-fgc@xxxxxxxxxxxxx
*Subject:* Re: Hello
Gonna try and run the PS2 NeoGeo games off it
On Mon, Nov 27, 2017 at 10:20 AM, lindsey kiviets <lindseyak@xxxxxxxxxxx>
wrote:
I sold mine about a year ago :(
------------------------------
*From:* cpt-fgc-bounce@xxxxxxxxxxxxx <cpt-fgc-bounce@xxxxxxxxxxxxx> on
behalf of Ryan Williams <ryan820509@xxxxxxxxx>
*Sent:* 27 November 2017 08:18 AM
*To:* cpt-fgc@xxxxxxxxxxxxx
*Subject:* Re: Hello
*lol* No worries :)
On Mon, Nov 27, 2017 at 9:49 AM, Nicholas Robertson-Muir <
nicmuir@xxxxxxxxx> wrote:
Just so that you guys know, you may all be able to mod your PS3's at the
moment.
Sorry SAP :'(
Current firmware is hackable for Fat and slim consoles with the model
#2XXX and younger. Confirmed last night on my older PS3.
Not do-able with the super slims tho.
On Mon, Nov 27, 2017 at 9:17 AM, Donaldson, Alasdair <
alasdair.donaldson@xxxxxxxxxx> wrote:
Thanks for running some rifts with my barb, LB. The farming worked and I’m
loving the Raekor build. Did you try it out?
Upped a couple of weapons and got an ancient IK weapon. Cleared 80, then
82. I’m still stuffing up on the cooldown of the charge and I’m also not
running the right passives – I have trouble maintaining 100% Wrath uptime
until I run the passive that halves the cd.
Oh, I only noticed later that I’ve got a consumable lying around from our
runs. It’s got 14min left on the clock for trading. I know you picked up
one, but do you need another for the other weapon?
Watched Thor3. I liked it. Much better than Thor2. I’m not sure that it’s
the most amazing Mahvel film ever released, like some reviews I’ve seen,
but it was fun.
------------------------------
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