choice of a foreign functional currency (Re: Bit careful with Bitcoin (Was: Trump is in))

Hi,
They are plannig to apply some averaging:
On 1 January 2023, most of the provisions of the
Revised Company Law will come into force. The
resulting changes in tax law now make it clear
that the functional currency is decisive for
tax purposes.
In addition, it is now stated that the taxable profit
in Swiss francs is to be determined at the average
(selling) exchange rate of the relevant financial year
and the taxable capital in Swiss francs at the (selling)
exchange rate prevailing on the balance sheet date.
As a result, balance sheet items translated at historical
rates in the annual financial statements presented in
Swiss francs become irrelevant. While there was
previously a certain degree of discretion in the exchange
rates used, the exchange rates published by the
Federal Tax Administration will now be binding.
https://pestalozzilaw.com/en/insights/news/legal-insights/accounting-and-reporting-foreign-currency-what-are-swiss-tax-implications-foreign-functional-currency/
So basically you have two exchanges rates one
for income, and one for substance.
Mild Shock schrieb:

Hi,
 Good Diagnosis, Bitcoin will crash:
 Bitcoin: Der Crash naht
https://www.handelszeitung.ch/geld/bitcoin-der-crash-naht-785548
 But when will it happen, how fast and what
will be the ripples? This year, next year or
 in 2 years? Would be fun if it happens during
Trump's tenure from 2025 - 2029.
 Bye
 Bertietaylor schrieb:

On Mon, 20 Jan 2025 18:27:30 +0000, Bertietaylor wrote:
>

El Presidente Trumpo, wannabe saviour of the US, full of delectable gas
at any rate, has regained his power and position.
>
As Arindam had long predicted; just as he had predicted Putin's success.
Simply put, there cannot be really good humans in power in democracies.
So Trump must be labelled as fascist. God be with them and their strict
absolute ways, with no slimy relativistic hanky -panky.
>
Unfortunately he does not think that Trump will have the guts to support
him and thus boot out the bunkum Einsteinian physics.
He hopes to be wrong in this...

>
Let us see. We shall follow Trump's career with considerable interest.

>
Woof woof woof woof woof woof woof
>
Bertietaylor