I'm not that frequent of a traveler, at least not long distances, but I don't disagree with you. I think what is really going to make the difference is down the road if say we actually get some kind of alt season, you could potentially move some funds into Travala and use them directly to travel versus pulling them out into fiat and paying all the taxes and fees then using them the traditional way.
Well, I can use Crypto.com for that. They don’t really seem to report to EU tax authorities (yet).
Also, it’s much easier to tax Travala than an average Joe swapping a few hundred dollars to pay for a vacation; that Joe could fly under the radar. So if Travala actually converts the crypto to pay for your stay (and they likely don’t pay airlines or hotels in crypto), they’ll either build the tax plus an extra fee into the final price, or they’ll provide their records to the authorities when requested, and the eventually will be requested. Then you’ll end up being taxed anyway.
I'm not that frequent of a traveler, at least not long distances, but I don't disagree with you. I think what is really going to make the difference is down the road if say we actually get some kind of alt season, you could potentially move some funds into Travala and use them directly to travel versus pulling them out into fiat and paying all the taxes and fees then using them the traditional way.
Well, I can use Crypto.com for that. They don’t really seem to report to EU tax authorities (yet).
Also, it’s much easier to tax Travala than an average Joe swapping a few hundred dollars to pay for a vacation; that Joe could fly under the radar. So if Travala actually converts the crypto to pay for your stay (and they likely don’t pay airlines or hotels in crypto), they’ll either build the tax plus an extra fee into the final price, or they’ll provide their records to the authorities when requested, and the eventually will be requested. Then you’ll end up being taxed anyway.
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