kulerucket
Member of DD Central
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Post by kulerucket on Feb 21, 2017 12:22:40 GMT
It doesn't sound like you have had to deal with German tax authorities. A screenshot does nothing to tie those investments to an individual. They would want to see exactly whose earnings that you are declaring not just a set of totals from an unknown person. It even matters which one of a married couple holds the account under certain circumstances.
Simply declaring taxes is just the start. You then have to back up what you are declaring with evidence otherwise the whole thing becomes a farce, and open to corruption and fraud.
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kulerucket
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Post by kulerucket on Feb 21, 2017 12:46:03 GMT
I should add that Grupeer is not the only platform that does not provide the required information correctly. Out of the Euro platforms, the only one I've seen do it correctly is Bondora. I have sent support requests to the others such as Twino, and most they are working on adding support.
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Post by roedvin on Feb 21, 2017 13:05:41 GMT
It doesn't sound like you have had to deal with German tax authorities. A screenshot does nothing to tie those investments to an individual. They would want to see exactly whose earnings that you are declaring not just a set of totals from an unknown person. It even matters which one of a married couple holds the account under certain circumstances. Simply declaring taxes is just the start. You then have to back up what you are declaring with evidence otherwise the whole thing becomes a farce, and open to corruption and fraud. Most baltic platforms do NOT provide you with a tax statement, no matter if you are german or not. They are really not interested in german bureaucracy. And btw: Even german tax authorities do not request it. Seems a little bit to me like you never dealed with german tax authorities.
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Post by roedvin on Feb 21, 2017 13:17:11 GMT
I should add that Grupeer is not the only platform that does not provide the required information correctly. Out of the Euro platforms, the only one I've seen do it correctly is Bondora. I have sent support requests to the others such as Twino, and most they are working on adding support. Bondora isn't out of Euro. it's inside. And what's correct for Germany doesn't bother bondora or any other platform outside of Germany. How arrogant must one be to believe, all countries have to follow german law? Sorry my dear, please come back to earth!!
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kulerucket
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Post by kulerucket on Feb 21, 2017 13:35:46 GMT
I should add that Grupeer is not the only platform that does not provide the required information correctly. Out of the Euro platforms, the only one I've seen do it correctly is Bondora. I have sent support requests to the others such as Twino, and most they are working on adding support. Bondora isn't out of Euro. it's inside. And what's correct for Germany doesn't bother bondora or any other platform outside of Germany. How arrogant must one be to believe, all countries have to follow german law? Sorry my dear, please come back to earth!! Why not keep this civilized and leave the over-the-top emotional reponses at the door? "Out of the Euro platforms" - means - "one of those platforms operating in Euros." It doesn't matter what individual laws countries have, if the platform provides a simple report including a name and address to cover those countries that are more restrictive, then all countries are covered. They want investors from other countries after all. If investors cannot declare earnings correctly then it makes life more difficult for them, and so it is a completely valid feature to request.
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Post by roedvin on Feb 21, 2017 13:50:51 GMT
Sorry my friend, but you opened the door, subordinating me, I have no ideas about german taxation. Please put your fingers at your own nose! And now I try to declare to you, how it works. In Germany you have to declare your income. That means, you tell them, what and where you have earned money. After that they can believe it or not. If not or if they doubt it, you have to prove it. And for that you do not have to have any official statement. You just have to prove it. German banks automatically send you ( and to the tax authorities) a statement. But foreign banks, platforms or any other institutions must not do so. And therefore it is your own problem to find a solution in that case. And for such cases some p2p-platforms supply you with a tax statement. Others don't. But in such cases you have to find a solution. And one of those solutions is a screenshot of the overview. Or may be a cvs download or whatsoever. It's really easy! Don't hazard the platform. Just switch on your brain and everything works fine. And btw: Since 4 years by now I do my german tax declaration this way without any problems.
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p40l0m4r
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Post by p40l0m4r on Feb 21, 2017 18:11:21 GMT
Hi Mc Guyver A fiscal declaration is not mandatory, as you said, but it's useful. To make precision: In a screenshot, for my country (Italy), normally I have to show: - Company basic informations (name, registered office, ...) to allow to check the type of activity that gave me the profit I declare. - Demonstration that the amount I put in my declaration is all the profit of that type I did in the year. And if I don't understand bad, the overview is from the beginning, not for a fiscal period. A csv with each movement and the basic informations above would be fine, but in Grupeer is not possible to extract yet I suppose . Otherwise, really, you could take as back up also a toilet paper with all datas written by yourself with a pencil, for declaration is not mandatory, and it's the same. But, in case of fiscal control (talk for my country I repeat), this paper cannot be accepted. Expecially if you want to demonstrate that profit is made by a social lending activity.
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kulerucket
Member of DD Central
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Post by kulerucket on Feb 21, 2017 18:45:57 GMT
Well having lived in Germany for most of my working life, this is my experience. Each city has it's own Finanzamt and each has their own level of requirements. You can initially declare, but depending on how much of a box ticker the person dealing with the return is, you may well be asked for more. When you start talking about an investment income well beyond the person tax free limit, you stand out for audit.
You may feel that it's the problem of the investor, but it is also down to the investor where to invest. All things being equal, I will of course choose what is easier for me. It is up to the platform to decide whether an hour's worth of software development is worth it to gain more investment from an entire country.
I'm afraid that your arguments don't really add up at all. We are customers and if we want something then we have every right to request it. The platform has every right to deny the request according to their own estimation of effort costs vs investments gained.
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Post by roedvin on Feb 23, 2017 13:32:08 GMT
Really arrogant to believe that everybody in each foreign country has to work on order of any german individual or organisation. Are you really that simple minded to believe, that any platform will be able and/or willing to fulfill the needs of 20+ countries? Not only german investors would like to have special things. Also investors of UK, France, Switzerland, Austria, Italy, Spain etc would request specialties if possible.
Come back to earth and take what they offer.
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Post by roedvin on Mar 2, 2017 9:08:45 GMT
Payments due yesterday did not appear and the loans are still always listet as current. Secondary market had been announced for yesterday. Nothing happened. Obviously the live-chat had been cancelled.
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Post by roedvin on Mar 2, 2017 12:53:04 GMT
Does anybody understand this? Loan with 14% interest and loan value 6000€ should be 70€ monthly interest payment.
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Post by buttchopf23 on Mar 2, 2017 13:41:10 GMT
true. maybe not the whole loan is invested by grupeer Investors and the interest shown is only for the part which is funded by grupeer Investors? Long shot, I know.
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JamesFrance
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Port Grimaud 1974
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Post by JamesFrance on Mar 2, 2017 14:53:18 GMT
Lucie maybe you could answer these queries and also let us know how soon you expect more loans to be made available?
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Post by roedvin on Mar 2, 2017 15:27:15 GMT
true. maybe not the whole loan is invested by grupeer Investors and the interest shown is only for the part which is funded by grupeer Investors? Long shot, I know. That's what I thought first too. But I have other loans in the portfolio which are less filled and the figures are correct.
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Post by buttchopf23 on Mar 2, 2017 15:29:41 GMT
Ok, then clearly a mistake
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