Bitcoin holders will have to pay their tax? - page 2.

Ekimzjames20

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Quote from: kkaroul4 on January 29, 2019, 12:34:43 PM

it's true but it's a country that has legalized bitcoin so that the government must determine the market for bitcoin users, but if the country that has not legalized bitcoin will not be the government asking for the slightest tax

I think it depend where countries you're from, if it is implemented or their is a law that you have to pay tax then that is the time we pay it. But i think if that will come, the bitcoin is already ligalized and many roles and regulation to follow.

kkaroul4

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it's true but it's a country that has legalized bitcoin so that the government must determine the market for bitcoin users, but if the country that has not legalized bitcoin will not be the government asking for the slightest tax

Tylev

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Quote from: pedangrusak on December 18, 2018, 02:42:39 AM

it will be difficult to detect the amount of tax that must be paid by other bitcoin and crypto holders, because the government does not have the authority to check how much one's investment is certain because wallet data can be of several kinds. what can be done is that the person reports it to the government to be taxed, and I agree to the crypto investment tax

I think that we still have to pay taxes on profits from operations with cryptocurrency, otherwise states will have to limit and tighten the circulation of cryptocurrencies within the country. Of course, each of us will see for himself within what limits it will be necessary to pay this tax, based on the specific circumstances of using cryptocurrency and the ability of the state to track our operations with cryptocurrency. If you often trade on the stock exchange, this data may, under certain conditions, be known to the tax authorities. Failure to pay in such cases tax from these operations will pose a certain risk.

mirakal

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Quote from: Dimas99 on January 17, 2019, 09:34:47 AM

if the tax does not burden the investors and makes it safe and comfortable to invest, why is it that the important thing is that taxes do not make investors lose and harm both parties

There is no relation to tax and a possibility of getting profit or loss in investing.

Tax was created by the government and it's individuals responsibility to pay taxes when it's due, there's every sector in a government and if I get your point right, you are referring to the egency who should help investors to safeguard their asset's, IMO, it should be the SEC on that matter, but the taxation concern is quite separate and the government will get their fair share on our profit.

Silberman

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Quote from: btcmmo9314 on September 24, 2018, 10:51:10 PM

Quote from: kenlyresuello08 on June 22, 2018, 12:29:06 PM

What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.

Paying taxes means the government will accept Bitcoin. I think that is good, and I will volunteer to pay taxes. But in my opinion, tax exemptions for investors who have suffered losses.

The tax law changes depending on where you live but in most countries if you invest and you lose money you do not have to pay taxes on that money since you got no profits, so I suppose that the tax laws created to regulate bitcoin are going to follow a similar logic so you do not have much to worry about, just make sure you consult a lawyer in your country to be sure of what taxes you need to pay if you are a profitable investor.

Dimas99

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if the tax does not burden the investors and makes it safe and comfortable to invest, why is it that the important thing is that taxes do not make investors lose and harm both parties

wahyu wida

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Quote from: NewRanger on January 16, 2019, 07:55:45 AM

Quote from: SnapDown22 on January 16, 2019, 07:27:59 AM

Quote from: kenlyresuello08 on June 22, 2018, 12:29:06 PM

What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.

depending on me, if the tax given to the owner of the bitcoin or crypto currency does not burden and make it safe and convenient to invest in crypto currencies, investors may also receive the government properly issuing taxes.

investors will pay taxes if government give certainity about this market.no more fud about banning accessing all content related with cryptocurrency.more over about exchanges.

right. without clear government regulations, of course there are no rules for paying taxes. and I think it's better there is a clear recognition from the government about bitcoin, so that it will make its development better

iMark

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Quote from: conected on January 16, 2019, 07:49:45 AM

Quote from: iMark on January 16, 2019, 01:03:15 AM

Quote from: biskitop on January 15, 2019, 08:28:19 PM

if the government provides a regulation for btc and provides legal for btc, then the tax will be required. but if not, it will not pay taxes. all will depend on government decisions.

Agree, I think we know that we live in a country that has rules that must be followed. if bitcoin or crypto is legalized, of course there is a payback to the government, maybe the tax will be applied afterwards, and we as law-abiding citizens must follow it

- Following the rules and regulations from the government is a sure thing but the government needs to prove the benefits they can provide us in crypto and bitcoin, they can not just propose rules and do not give us any benefits then force us to follow, that will be an unfair thing. I believe everyone here can understand and agree with my point of view, before we pay taxes to the government, government needs to ensure our rights and safety, they should even say their management plans for bitcoin trading, if they do not bring certain benefits, I will be the first to oppose taxes

I think we already know that taxes are applied so that the legalization of crypto can be done. without a win-win solution like this,
the government will never want to provide regulation on crypto, so the payback must be made, namely by paying taxes.

BartS

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Quote from: kenlyresuello08 on June 22, 2018, 12:29:06 PM

What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.

You should not wait for the governments to tell you that, while new laws are going to be created to clarify what kind of taxes those that hold cryptocurrencies will need to pay most of the countries around the wold already have laws in place in which your income from holding your bitcoin will need to be declared, this is a common misconception just because you are using cryptocurrencies it does not mean like you do not have to pay your taxes.

joromz1226

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Quote from: kenlyresuello08 on June 22, 2018, 12:29:06 PM

What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.

As far as I know, every time we exchange our bitcoin into our fiat we are already paying tax, because almost all fiat exchange are centralized, which means all their clients there was also paid taxes already because they are regulated business industry. this is what I understand accordingly.

NewRanger

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Quote from: SnapDown22 on January 16, 2019, 07:27:59 AM

Quote from: kenlyresuello08 on June 22, 2018, 12:29:06 PM

What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.

depending on me, if the tax given to the owner of the bitcoin or crypto currency does not burden and make it safe and convenient to invest in crypto currencies, investors may also receive the government properly issuing taxes.

investors will pay taxes if government give certainity about this market.no more fud about banning accessing all content related with cryptocurrency.more over about exchanges.

conected

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Quote from: iMark on January 16, 2019, 01:03:15 AM

Quote from: biskitop on January 15, 2019, 08:28:19 PM

if the government provides a regulation for btc and provides legal for btc, then the tax will be required. but if not, it will not pay taxes. all will depend on government decisions.

Agree, I think we know that we live in a country that has rules that must be followed. if bitcoin or crypto is legalized, of course there is a payback to the government, maybe the tax will be applied afterwards, and we as law-abiding citizens must follow it

- Following the rules and regulations from the government is a sure thing but the government needs to prove the benefits they can provide us in crypto and bitcoin, they can not just propose rules and do not give us any benefits then force us to follow, that will be an unfair thing. I believe everyone here can understand and agree with my point of view, before we pay taxes to the government, government needs to ensure our rights and safety, they should even say their management plans for bitcoin trading, if they do not bring certain benefits, I will be the first to oppose taxes

SnapDown22

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Quote from: kenlyresuello08 on June 22, 2018, 12:29:06 PM

What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.

depending on me, if the tax given to the owner of the bitcoin or crypto currency does not burden and make it safe and convenient to invest in crypto currencies, investors may also receive the government properly issuing taxes.

quality.crypto

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As long as if the government didn't provide any regulation for BTC holding or BTC trading we need not pay taxes, For holding, Bitcoin we need not pay taxes because if you compare your purchase at the high value and now today the price of Bitcoin is very low. So you are in loss.

Honnet43

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This will not happen. Bitcoin and other cryptocurrencies are free and independent currencies. The government can not manage cryptocurrency. So they can not say that we pay for it. And too many people will be against it, so they will not do it anyway.

iMark

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Quote from: biskitop on January 15, 2019, 08:28:19 PM

if the government provides a regulation for btc and provides legal for btc, then the tax will be required. but if not, it will not pay taxes. all will depend on government decisions.

Agree, I think we know that we live in a country that has rules that must be followed. if bitcoin or crypto is legalized, of course there is a payback to the government, maybe the tax will be applied afterwards, and we as law-abiding citizens must follow it

BigBos

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Quote from: biskitop on January 15, 2019, 08:28:19 PM

if the government provides a regulation for btc and provides legal for btc, then the tax will be required. but if not, it will not pay taxes. all will depend on government decisions.

well, it might be very difficult to pay taxes with bitcoin, because basically the assets of bitcoin are hard to find. What's more, unstable prices make us confused. this can be done when the assets you have have changed to fiat. moreover at this time, it is very difficult to take the policy of cryptocurrency besides being an investment tool on the internet, and a transaction tool

biskitop

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if the government provides a regulation for btc and provides legal for btc, then the tax will be required. but if not, it will not pay taxes. all will depend on government decisions.

Irvinn

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Quote from: Babyhouse on June 22, 2018, 04:04:03 PM

I don't think that this is necessary. It would give a big pressure to investors.

Over time, most countries where cryptocurrency will be legalized will levy a tax on the profit from operations with cryptocurrency. I think that this is not unusual and we will have to pay such a tax, even if this activity is very poorly monitored and we have the opportunity to avoid paying it. The fact is that the total volume of operations with cryptocurrency can be determined and if we do not pay this tax, the government will be happy to take measures to limit or even prohibit the circulation of Bitcoin or other cryptocurrency under this pretext. This is quite possible, so in order for the cryptocurrency to develop, we will have to pay such a tax.

munareal

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Collecting tax on bitcoin is a good thing as this had shown that the cryptocurrency is being accepted as a means of payment. This will expose it for more usage

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