Author

Topic: 2013-08-20 Germany plans tax on bitcoin (Read 809 times)

legendary
Activity: 1764
Merit: 1000
August 21, 2013, 07:49:59 AM
#3
Quote
However, the ruling may prove difficult to enforce, as Bitcoin are traded anonymously, and therefore cannot be traced.

that's all you need to know.

edit: telegraph's translation is wrong too

edit2: TL;DR "Bitcoins are NOT stocks or shares (which are taxed at 25pc)."
legendary
Activity: 3430
Merit: 3080
August 21, 2013, 07:13:57 AM
#2
http://www.telegraph.co.uk/finance/globalbusiness/10252383/Germany-plans-tax-on-bitcoin-after-virtual-currency-recognised-as-private-money.html

The German Finance Ministry ruled that Bitcoin is a “unit of account”, and therefore 'mining' them is a form of “money creation”.

At what point after an event has already happened can we legitimately start calling "news" "old news"? This example is bizarrely borderline: their headline implies they haven't fully implemented this ruling yet, to sort of suggest some kind of dynamism or motion, as opposed to the real situation: static.
sr. member
Activity: 434
Merit: 250
August 21, 2013, 06:20:30 AM
#1
http://www.telegraph.co.uk/finance/globalbusiness/10252383/Germany-plans-tax-on-bitcoin-after-virtual-currency-recognised-as-private-money.html

The German Finance Ministry ruled that Bitcoin is a “unit of account”, and therefore 'mining' them is a form of “money creation”.
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