I wouldn't worry about TR being a scam. They are regulated and legit (this doesn't mean you can't get scammed but not by TR itself). The reason I closed my TR account is their diabolically bad customer service (lots about this on AAM). I asked them a straightforward question and after 3 weeks...
Wise's exchange rates are slightly better than Revolut's and unlike Revolut there is no surcharge once foreign currency transactions go beyond 1000 Euro a month. Wise's transfer charges are significantly higher though, which is how they make their money. The cheapest option is to use Revolut...
It's like a stranger asking if they can take your diamond necklace home with them and if you ask if they are legit they give tell you their "staff ID number" and assure you that they have a wife & two children.
I empathize with them but since they are aware of their limitations they shouldn't...
It's like a stranger asking if they can take your diamond necklace home with them and if you ask if they are legit they tell you their "staff ID number" and claim that they have two children.
Some scams are quite clever but this one wasn't. If the article is correct that woman was patently stupid, but that doesn't mean I don't feel sorry for her. Maybe there should be a basic IQ test before people are allowed to open a Revolut account.
Strange that a fintech with no business model beyond signing up customers by giving them free money still manages to raise miillions in investment before burning through it all.
Raisin does the same. Irish Raisin customers can avail of significantly less attractive offers than their German counterparts. It's purely driven by the extent of competition in a given market.
My understanding is that you need to file it using Form 12 if you are not self assessed. On the broader point, fairness, efficiency and simplicity of tax collection is a societal concern.
But Revenue already has all that data anyway which they could easily triangulate. My guess is that 99% of the population earning interest on small savings accounts never completes Form 12. They just think that 35% DIRT is all they owe.
Basic question: If it's interest on an Irish account from which DIRT has already been subtracted, does it still have to be declared on Form 11 or 12? If so, for what purpose (the government already has the money)?
That will apply less and less to future generations of pensioners. Many will still be renting when they retire, defined benefit pensions will be gone and inflation in healthcare & old age care cost will accelerate. Ireland has failed to create a proper savings fund to pay for all this which...
But it might not have the political will/ability to do so. There will always be fewer pensioners than there are tax payers, so at some point the political calculus might swing. That's the problem with funding pensions out of current expenditure, reflecting generations of political cowardice.
Nothing exciting I'm afraid. Fixed term savings accounts and AVCs. By the way, I'm not saying people can't make money with crypto. It's just that they need to time their exits really well.
The fact that supply is fixed doesn't give it any underlying value. It just makes some people think that it's valuable (because they falsely equate scarcity with value) and thereby creates a self-fulfilling proposition. But like any mental bubble it easily implodes once it's punctured.