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Topic: Bitcoin being taxed? - page 7. (Read 1722 times)

Ucy
sr. member
Activity: 2674
Merit: 403
Compare rates on different exchanges & swap.
October 28, 2017, 02:04:03 PM
#6
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.
hero member
Activity: 570
Merit: 504
October 28, 2017, 01:36:21 PM
#5
Until Governments start calling bitcoin currency, it cannot be taxed.
IF BTC could be taxed, you could simply not report it, because it is anonymous enough to just NOT report.  lol

You could mine it, and not report it.  Easy.  Give me a break.
full member
Activity: 303
Merit: 100
October 28, 2017, 01:25:25 PM
#4
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?

Sounds like a good idea in theory but your not gonna uproot your whole life just to avoid some tax are you? I mean it be worth it for a small group of people (not advocating anybody avoid tax obv) but still it seems like a lot

of hoops to jump through to avoid the taxman.
newbie
Activity: 31
Merit: 0
October 28, 2017, 01:23:14 PM
#3
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?

Things like this aren't new. In our country Bitcoin has been taxed by regulating local traders. I think registering is not that bad enough because that is a good step towards legitimacy. Also if that country offers a very cheap electricity, why would they moved out right?
legendary
Activity: 1878
Merit: 1038
Telegram: https://t.me/eckmar
October 28, 2017, 01:21:30 PM
#2
It's good for government and It's also logical since a lot of people of last few years have made mining their job. However If it would happen in my country I wouldn't like being taxed and would most probably stopped mining.
newbie
Activity: 49
Merit: 0
October 28, 2017, 01:19:17 PM
#1
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?
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