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exchanging dinar for usd
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exchanging dinar for usd
ok now didn't all of us take usd and exchange them with a bank or currency broker approve and registered by the ust and charged no tax. So then in the turn aroound we are now exchanging the dinar back to usd yes maybe at a higher rate but still it is just an exchange of two currencies so why do we have to pay tax when we are converting one currency to another??
boxerman- Active Member
- Posts : 32
Join date : 2011-07-24
Re: exchanging dinar for usd
The profit on the first exchange was made by the seller. They paid tax on that income. The profit on the second exchange will be yours. You will pay tax on that. They get you coming and going. You should know that by now.
S.
S.
sn1pe- Forum Fanatic
- Posts : 182
Join date : 2011-07-24
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