All they're doing is looking for bank transactions to crypto exchanges in citizens' accounts. What this article doesn't tell, is that the current cryptocurrency taxation in Finland is unreasonable. You pay 30-34% tax on any profit, but you can not deduct losses.
If you had bought 1 BTC at $1000, another at $14000, and sold both at $3000 you would owe $600 in taxes even though you lost $9000.
You can imagine how people feel about paying these taxes, when they are so obviously flawed and unjust. Some people may owe hundreds of thousands in taxes even if they made no actual profit.
If you had bought 1 BTC at $1000, another at $14000, and sold both at $3000 you would owe $600 in taxes even though you lost $9000.
You can imagine how people feel about paying these taxes, when they are so obviously flawed and unjust. Some people may owe hundreds of thousands in taxes even if they made no actual profit.