[2017-10-16] South Korea will impose Bitcoin tax - page 2.

glowing10

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Quote from: aso118 on October 17, 2017, 01:53:44 PM

I don’t understand why there is a separate demand about bitcoin tax. Bitcoin is money. You don’t tax money. You tax income. People who make profits using bitcoin should pay taxes on their gains.

Yes I am also not sure that is this the right way to tax an additional for the people who uses bitcoin and makes profit. Anyways they would be paying their taxes as normal people who earn income. But making people pay additional taxes for bitcoin is something which may not be liked by the people of South Korea.

yugyug

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Quote from: aso118 on October 17, 2017, 01:53:44 PM

I don’t understand why there is a separate demand about bitcoin tax. Bitcoin is money. You don’t tax money. You tax income. People who make profits using bitcoin should pay taxes on their gains.

Any income its either active or passive income are subject for tax. Bitcoin is a form of asset and investment and it is a passive income. South Korea has the right to implement tax for bitcoin as long as their transaction is within its territory. Taxes help improves the economics status of the country.

cabron

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https://www.betcoin.ag

Quote from: hbhomer on October 17, 2017, 01:39:26 PM

South Korea legalized bitcoins,right? To impose tax this country should have laws regulating bitcoins first.

That is sort of how it works and I hope they do have the laws and they can start with the exchanges they have. China may follow after this.
They haven't completely banned crypto as far as I know, they do have NEO still. Once China is gonna be on board again, BTC will probably $10K.

aso118

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★Nitrogensports.eu★

I don’t understand why there is a separate demand about bitcoin tax. Bitcoin is money. You don’t tax money. You tax income. People who make profits using bitcoin should pay taxes on their gains.

hbhomer

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South Korea legalized bitcoins,right? To impose tax this country should have laws regulating bitcoins first.

DowBit

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According to South Korean National Tax Service, authorities have discussed the possibilities of Bitcoin tax. Han Seung-Hee, commissioner of the National Tax Service proposed to lawmakers how to tax cryptocurrencies.

Read more at: https://dowbit.com/south-korea-will-impose-bitcoin-tax/

Topic: [2017-10-16] South Korea will impose Bitcoin tax - page 2. (Read 836 times)