Why the crypto-rich are buying second passports

Plus, TikTok résumés and how to get help if you have ‘long Covid’

Jul 30, 2021 | Current events | Cryptocurrency
Article headline image

Tropical tax-avoidance

Like stocks and property, cryptocurrency is taxable in the US. Individuals must pay capital gains taxes on profits made from the sale of assets (yes, even Bitcoin). To avoid this, crypto millionaires are buying second passports to tax-haven countries through the company Plan B Passport. They can obtain...

Get this story
and much more

Download the app and join Genius for unlimited access to The Post. Enjoy this article plus all the features Genius offers.


Albert

Albert

Bank. Save. Invest.