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From: Mild Shock <janburse@fastmail.fm>
Newsgroups: sci.physics.relativity
Subject: USA is potato farmers / Sometimes gold diggers (Was: Bitcoin crashing
 again / Gradual rug pull)
Date: Sun, 2 Feb 2025 15:08:24 +0100
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Hi,

Don't know the exact story behind the
Corporate Law Reform 2020. Possibly not
motivated by Crypto itself.

Also some Swiss Corporate Law Reform 2020
was simply keeping in sync with EU
Corporate Law Reform 2020.

Not sure whether USA peanut brain Trump
Administration can conceive similar things.
The USA is basically potato farmers,

that turn gold diggers when they see
something shiny. They have zero brains.

Bye

Mild Shock schrieb:
> Hi,
> 
> Every weekend bitcoin is crashing:
> 
> ca. $98'000 Bitcoin Exchange rate (02.02.2025)
> https://coinmarketcap.com/currencies/bitcoin/
> 
> Thats the perfect Bitcoin gradual rug pull.
> During weekend the whales are disposing of
> their Bitcoin. During the week, when the
> 
> other stocks markets are open, idiots are
> buying Bitcoin via ETFs.
> 
> LoL
> 
> Bye
> 
> Mild Shock schrieb:
>> Hi,
>>
>> They are plannig to apply some averaging:
>>
>> On 1 January 2023, most of the provisions of the
>> Revised Company Law will come into force. The
>> resulting changes in tax law now make it clear
>> that the functional currency is decisive for
>> tax purposes.
>>
>> In addition, it is now stated that the taxable profit
>> in Swiss francs is to be determined at the average
>> (selling) exchange rate of the relevant financial year
>> and the taxable capital in Swiss francs at the (selling)
>> exchange rate prevailing on the balance sheet date.
>>
>> As a result, balance sheet items translated at historical
>> rates in the annual financial statements presented in
>> Swiss francs become irrelevant. While there was
>> previously a certain degree of discretion in the exchange
>> rates used, the exchange rates published by the
>> Federal Tax Administration will now be binding.
>>
>> https://pestalozzilaw.com/en/insights/news/legal-insights/accounting-and-reporting-foreign-currency-what-are-swiss-tax-implications-foreign-functional-currency/ 
>>
>>
>> So basically you have two exchanges rates one
>> for income, and one for substance.