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. 
Topic: Bitcoin being taxed? - page 5. (Read 1729 times)
In my opinion, bitcoin being taxed can either be good or bad. Since bitcoin is decentralized there is no way for the government to monopolize on this and with that being said it may be that more and more illegal activities will be made or transacted with bitcoin. The government tends to tax it in terms of regulating bitcoin since they cannot fully control it. In some point they get commission out of that, on the other hand it gets positive feedback from the people and with this more and more people may invest and it is good for the bitcoin community.
Bitcoin IS NOT being taxed. lol lol lol
Just happened across this one: https://motherboard.vice.com/en_us/article/7x4vad/putin-cryptocurrency-russia-mining-regulations-ico-bitcoin-ethereum?utm_source=mbfb
It sounds like a good idea from a government's perspective but wouldn't miners just move to locations where they don't have to register?
It sounds like a good idea from a government's perspective but wouldn't miners just move to locations where they don't have to register?
I don't think this is such a good idea. Yes, when bitcoin is being taxed, it means the government is now acknowledging it as a legal currency. However, bitcoin's value is big, which means the tax will also be big and many bitcoin users will suffer.
When we pay for something with bitcoin today we have to pay such a high fees that I would prefer to pay taxes instead. When you pay takes you support government, which is generally a good thing!
There's need for government to invest into bitcoin in the area of the mining. Instead of government taxing the bitcoin users, they should just remove little charges just as every bank also gave small charges on transactions. There is transaction fees on bitcoin, so it's not bad if the government make little charges on them.
Just happened across this one: https://motherboard.vice.com/en_us/article/7x4vad/putin-cryptocurrency-russia-mining-regulations-ico-bitcoin-ethereum?utm_source=mbfb
It sounds like a good idea from a government's perspective but wouldn't miners just move to locations where they don't have to register?
If the government make a tax in the bitcoin. Government will be happy again because they earned . but what the others? You you said thw miners if the government taxed it and the miners got small amount only in mining , what amount are to them.? Also if the bitcoin have a taxed im sure that many of us will shock and probably its an reason to quit in the bitcoin. Unless if the government what have an intent of supporting in the bitcoin and in the miners i hope that the government help us. It sounds like a good idea from a government's perspective but wouldn't miners just move to locations where they don't have to register?
Yes, this is the most desirable thing for governments today. Bitcoin tax will bring great profits to the government. The government will be profitable and instead bitcoin workers and bitcoin users will be affected. I hope that if this happens, the government will have better policies to support bitcoin.
One of the major advantage of bitcoin is tax free transactions.If the government implement tax over bitcoin it's good to leave from it.We are trading bitcoins for making money more than the other investments .Other wise, we can hide all our transactions from the government to escape from the payment of tax ,but how long we can hide from them........?. So if my country is going to implement tax over bitcoins i will prefer to leave from it.
Well I dont think tax can be collected from every btc transaction. As its hard to control bitcoin transaction and there is no regulation yet for now. However, there may be possibility in the future if bitcoin was managed by institutions.
Yes its good, many countries can adopt this method to regulate tax on bitcoin. good method for countries to regulate bitcoin in there countries . no thought people will move to other places es were there is no tax applicable on bitcoin
Just happened across this one: https://motherboard.vice.com/en_us/article/7x4vad/putin-cryptocurrency-russia-mining-regulations-ico-bitcoin-ethereum?utm_source=mbfb
It sounds like a good idea from a government's perspective but wouldn't miners just move to locations where they don't have to register?
How do they tax it while we hold it and use it as an anonymizer? No one stupid wants to be taxed if they can hide it! It sounds like a good idea from a government's perspective but wouldn't miners just move to locations where they don't have to register?
It should not be taxed since the government does not own bitcoin. But they always find a way to regulate the bitcoin. I think some countries are planning to regulate it but they lack rights to tax it. They will consider this illegal or put tax on it making bitcoin users leave no choice to choose to tax it. This could not happen if deep web does not interfere in bitcoin but it already happen so we must accept the bitcoin's fate.
Bitcoin taxation is simply inevitable. If your country starts to acknowledge it, they will want to make revenue off of it. I am not against this, as it's a small price to pay for Bitcoin kind of getting "legitimacy" by being "legalized" by the government.
But uh, why would you tax mining? These people already paid taxes on their equipment, their electricity, and they'll pay taxes to spend or exchange their coins. Taxing mining just seems straight up greedy. How would they even make sure that miners register? This is just a bad idea in my opinion and I hope they backtrack on this.
But uh, why would you tax mining? These people already paid taxes on their equipment, their electricity, and they'll pay taxes to spend or exchange their coins. Taxing mining just seems straight up greedy. How would they even make sure that miners register? This is just a bad idea in my opinion and I hope they backtrack on this.
you cannot tax ever the thing you cant see the file or undocumennted ! that why we were anonymous witth have bitcoin !
Isn't taxation better than complete ban on bitcoin mining and trading? Actually government will always try to suck tax from their citizen in one way or another and they also like to collect tax from all bitcoin related activity including mining because they can't stop people from using bitcoin 
, if miners have to also cover taxes on what they earns than this can increase the price of bitcoin because miners can't just sell their bitcoin for loss.
, if miners have to also cover taxes on what they earns than this can increase the price of bitcoin because miners can't just sell their bitcoin for loss. 
Just happened across this one: https://motherboard.vice.com/en_us/article/7x4vad/putin-cryptocurrency-russia-mining-regulations-ico-bitcoin-ethereum?utm_source=mbfb
It sounds like a good idea from a government's perspective but wouldn't miners just move to locations where they don't have to register?
It sounds like a good idea from a government's perspective but wouldn't miners just move to locations where they don't have to register?
Yes, of course, moving somewhere else where the environment can be a lot better will always be an option for the affected miners. But then again, it all depends on many factors. Moving to another country can entail a lot of costs and sacrifices and future regulations in that new country can also affect the operation.
Now, having said that, I think having a regulation is better than experience an enforced ban from the government (just like what China did to exchanges and ICO). A good business can always play with the rules set by the government as long as those are not set to kill the industry but to make it stronger and fairer to all participants.
There is a strong possibility of a stronger cryptocurrency movement in Russia next year if things would go smoothly as planned and even if the government is actually also planning to have its own version of a cryptocurrency. Russia can be a good crypto market and once the market is open the full potential of this country can be fully revealed.
Personally I have no problem reporting my taxes, it's fair because Bitcoin is an value producing asset and the government does tax everyone else. I don't want to be like those fat cats that have offshore banks and greedily withhold their tax so it will slow growth in their own country.
Each day minning is getting old fashioned, these type of regulations will also fasten the reach to the end, it is still profitable though
Although Bitcoin in some countries may be taxable. This doesn't mean you cannot avoid it. You just need to find better ways of avoiding taxing.
Regardless, some countries need this as bitcoin is enough of a threat to damage a countries economy. Despite its size, bitcoin can make people rich and this can create fears in even large countries and governments economy systems.
Regardless, some countries need this as bitcoin is enough of a threat to damage a countries economy. Despite its size, bitcoin can make people rich and this can create fears in even large countries and governments economy systems.
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