Topic: Bitcoin being taxed? - page 4. (Read 1722 times)
It's already being taxed in the Netherlands, you're supposed to see bitcoins as actual savings, not that dutch people actually show that they have bitcoins but..
It is ok if government will imposed tax to bitcoin earnings besides this is one way bitcoin can possibly help the economy of a certain country but before getting into tax implications government needs to settle first the legality issue of bitcoin if it would be possuble for them to declare bitcoin as a legal tender then other things like tax can be discuss next but as far as I know government don't want the idea of having a centralized currency which do not need any one to control it.
I would prefer taxes and totally legal BTC over the current situation.
One day it may happen on bigger scale, some users say Russia is against Bitcoin or ICO's, I think it's not, but what they really want is create laws so BTC or any other cryptocurrency is used in a good way without money laundering or criminal activity and most important is there is Tax on it so it's profitable for government to allow cryptocurrency in the first place.
That's what russian bitcoin owner are actually afraid of due to Putin's plans of crypto legalization.
Bitcoin is a tax free currency and people are used to it because they know that if government are in to bitcoin they will add a taxes and it will cost you more . You're saying that government will reduce the little charge of sending bitcoins, i think it's impossible.
This should alone motivate forward thinking governments to regulate cryptocurrency. Think of the taxes it can generate that can be used for social services. Not to mention the trust and confidence boost it will give to prospective investors.
Tax is a form of social responsibility that benefits the community. It encourages individual to contribute finances when it is for public interest. I guess it's fine when Bitcoin will be taxed if the money contributed by the active forum users here or miners is for good cause.
Your Bitcoin is taxed when you convert Fiat to Bitcoin or Bitcoin to fiat. You aswell pay indirect taxes through Centralized exchanges and other related services.
So no need for governments to demand for extra taxation unless they want people to be pissed and avoid taxes entirely, which is possible with Bitcoin.
These indirect taxes on the exchangers go into the hands of the owners of these exchangers, and the state is interested in collecting direct taxes on profits from operations with the crypto currency. There is nothing new in this. Any activity that generates profit is usually taxed by the state. So far, only the only country - Ukraine has registered a bill on exemption from payment of taxes for activities related to the crypto currency. So no need for governments to demand for extra taxation unless they want people to be pissed and avoid taxes entirely, which is possible with Bitcoin.
I think this is good news and legal since it is still an income and if your country has an income tax you still need to declare it. It also legitimizing bitcoin and crypto currency. I know miners will probably try to avoid taxation but it is good for the local economy.
Every countries depands on tax and revenue.Which countries are uses in bitcoin ofcourse there are encluded taxed.
It sounds good for government but not for miners. Morely likely miners will move to avoid governments because paying taxes defeat the purpose of cryptocurrency.
More of a PR move to attract interest/investment regionally within Switzerland (to be competitive with Zug) but found it interesting that you can pay a portion of your taxes using Bitcoin in Chiasso: https://www.swissinfo.ch/eng/swiss-fintech_chiasso-accepts-tax-payments-in-bitcoin/43503464
if in my country has not been in taxes because my government is not so know about the contents of bitcoin. if my government knows about bitcoin then it will also be in taxes the same as in your country ...
hopefully in my country bitcoin not in taxes ...
hopefully in my country bitcoin not in taxes ...
Taxing bitcoin is somewhat good but someway bad also,almost all users come into bitcoin because they know that it is a tax free currency letting them get all their money without being deduct by the government,if this would happen imagine what will be the reaction of those users
Bitcoin IS NOT being taxed. lol lol lol
Yes. Bitcoin itself is not being taxed because it is decentralized currency. The goods and services offers in the industry and interprises where we spend bitcoin is the one being taxed by the government. It is not taxed because the governments around the world lacks the platform to identify each user and the transactions they effect. These limitations makes it impossible for them to identify and tax individuals unless certain laws are passed and a corresponding new technology emerges.
In my country, the government are investigating the bank accounts that sent money to bitcoin exhange platforms. They're probably planning to tax bitcoin. As far as I see, the rest of the world is still tax-free for bitcoin earnings.
bitcoin needs to be taxed as soon as you get fiat. its up to you country and the regulations about it and which view the goverment has to it.
if its under the categorie " stocks " you may need to pay taxes.
best way is the loophole to get Gold as many countrys dont tax gold if you buy and sell so you can easily get cash at the end without paying taxes.
if its under the categorie " stocks " you may need to pay taxes.
best way is the loophole to get Gold as many countrys dont tax gold if you buy and sell so you can easily get cash at the end without paying taxes.
Bitcoin is not the one that is being taxed it the income that you are getting from bitcoin. So if you only have the coin and never converted it to fiat then it is not taxable.
Bitcoin IS NOT being taxed. lol lol lol
Yes. Bitcoin itself is not being taxed because it is decentralized currency. The goods and services offers in the industry and interprises where we spend bitcoin is the one being taxed by the government. It is not taxed because the governments around the world lacks the platform to identify each user and the transactions they effect. These limitations makes it impossible for them to identify and tax individuals unless certain laws are passed and a corresponding new technology emerges.
Bitcoin IS NOT being taxed. lol lol lol
Yes. Bitcoin itself is not being taxed because it is decentralized currency. The goods and services offers in the industry and interprises where we spend bitcoin is the one being taxed by the government. It is not taxed because the governments around the world lacks the platform to identify each user and the transactions they effect. These limitations makes it impossible for them to identify and tax individuals unless certain laws are passed and a corresponding new technology emerges.
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