Topic: Bitcoin and Economy - page 21. (Read 3003 times)
If 80% of citizens are using crypto's, this might be a huge increase on the sales of every business and it can help boost the economy. Always remember that everything we purchase has tax, so we are unintentionally paying it regardless on where our money is coming from. Same thing goes for crypto currency earners. Also if 80% are using crypto, I think the best way of applying taxes will be on exchanges.
Talking about tax involve very wide discussion. there are two type of tax, direct tax and indirect tax, so eve if bitcoin users don't pay tax directly, they will pay it indirectly. More over government can accept bitcoin fully and impose tax on the users even if bitcoin is a decentralized.
I'm just wondering if bitcoin has also a tax! Who will be the incharge person to pay the tax of bitcoin if it is decentralized.? And I think if it happens earning bitcoin will be harder its just because there is a certain percent of it that can government have but on the other side it will be a big help to increase the economy of the country
Talking about tax involve very wide discussion. there are two type of tax, direct tax and indirect tax, so eve if bitcoin users don't pay tax directly, they will pay it indirectly. More over government can accept bitcoin fully and impose tax on the users even if bitcoin is a decentralized.
It depends, as long as bitcoin or other cryptocurrencies is not legalized by the local government then there is no tax on them before you redeem the fiat money or other taxable goods.
And if 80% of the population of a country already uses cryptocurrencies then 80% is also likely the local government will legalize and will impose the tax.
And if 80% of the population of a country already uses cryptocurrencies then 80% is also likely the local government will legalize and will impose the tax.
I think there will be more people using bitcoin in the future, so the government will have some measures, perhaps first to tax the exchange, and then tax your encrypted money purse. Appropriate tax is an important part of community development, only more countries support bitcoin to make the community rapid development.
We all know that the development of a certain country comes from the taxes of its citizens,
wrong. revenues come from different resources specially in countries with natural resources such as oil rich countries, those with precious metals, ...Quote
and we all know people who engage bitcoin don't pay taxes to the government,
wrong again. in the countries that bitcoin is regulated people are mostly paying their taxes. of course there are always who evade them. but that has nothing to do with bitcoin.Quote
what will happen to a country where 80% of its citizens engage in cryptocurrency?
There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.
nothing really. the same way you have to pay taxes for different things now that you are using fiat, by then you will have to pay taxes when using bitcoin in place of that fiat. There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.
if you are paying your taxes now you will be paying your taxed then too. and if you aren't paying taxes now you won't do it then either!
We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?
There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.
There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.
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