Taxes for profit from EU?!

1. Generally this is because noone makes money in EU.
2. I doubt he paid any, but the only way to know would be to ask him. Also depends on the tax rules in his state of the US and whether he filed the investment in his previous tax returns.
3. Generally you wouldn't as you would have to realise the losses from the previous years on your tax return. so in this case you may have an income of 3000USD but you have a tax loss of 17000USD to off set it. Of course this would all depend on the tax rules of each country.

 

taxes are paid on income, not withdrawels, so no. In no country that isnt out of it's mind...

 

I believe some countries do considder EU as a casino, and therefor withdrawals are winnings.
But I don't know what countries and I have no clue If I'm right at all.

 

Whilst the topic is not discussed often it has been discused on various forums in the past :)

If you are making a profit from your Entropia activities and withdrawing it then it is a very good idea to speak to your accountant about your circumstances.

- Deathifier

 

dunno if it's different in other countries but in germany if I for example lose 500€ in January and win 600€ in december it's like I won 100€ and that's what is accounted for in taxes.
if 500 or less are won, then you havent won anything...