Anyway, I was referring to the opportunity, if available to have tax-free vat-free bitcoin everywhere. Why? Becuase they are out of the system they should be out of the tax system. Easy. Taxes in bitcoin are the mining fees
So I guess I shouldn't pay VAT because I already pay my monthly bank subscription for my cand and account? Right?
Why should my family pay tax on our profits from our farm when already there is VAT paid on every purchase people make from us.
Like it or not mining is an economical activity, you consume stuff, you employ people, you take profit you must be taxed, it's fair.
Why should somebody pay income tax on the profit he makes on forex and not on the profit he makes trading shitcoins?
Should we tax betting profits? The income is also made "out of the system".
No, it makes no sense to exempt
any economical activity from paying taxes, you wither do this for every single one or for none.
As much as they claim bitcoin mining to be tax free isn't the mining equipment subjected to some form of tax when making the initial purchase and let's not forget the electricity does come with tax.
It's simple, they do pay some taxes but they also can claim some bonuses, one is that they can deduct equipment depreciation, which when it comes to mining gear it's a huge thing, plus many others, in the end they will make a lot more than you on the long run. But that's what everyone knew already.