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.
Topic: Bitcoin being taxed? - page 7. (Read 1729 times)
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.
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.
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?
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.
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?
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?
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.
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?
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