Bitcoin holders will have to pay their tax? - page 20.

tyronecoinbit

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Quote from: Bagaji on August 07, 2018, 06:10:02 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.

It will only happen when most of the government of the world must have accepted and adopted Bitcoin as a means of exchange for goods and services in their various country. And I don't believe that will affect negatively the expansion of Bitcoin because its happen with banks and that has not stop people from not saving with banks.

Yeah, you're quite mate, but I guess no one likes to pay tax, but for me, If It is just necessarily to be deducted for the sake of our growth
economy, I will consider this situation. And we cannot decline those taxes once we have used centralized services to execute buy and sell trading, you cannot have any privacy on that scenario where as government can easily get caught on you and force you pay some tax.

loverets45

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Quote from: Altf4 on August 06, 2018, 05:04:57 PM

Bitcoin is not a registered business in any government offices, we are not committed to give taxes to the government ,we are independent , circulating in the cryptoworld without the regulation of the goverent ,so why should we pay taxes , it is not compulsory to pay dues to the government.

I never heard any country paying tax while using bitcoins i am agree we're giving some fee while sending money but paying tax ins't include yet.It might happen if government support bitcoin and gives full access to use cryptocurrencies in public.

lendahawkins

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Quote from: Maveth13 on June 22, 2018, 01:08:53 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.

Trade profits are already being taxed. Crypto tax already exist. It's part of a needed regulation that could actually help increase adoption contrary to your statement. You can't expect to make profit and not pay taxes.

yes its been taxed. In my local bitcoin exchange they did tax all the transaction so im pretty sure we dont have ro worry with the tax. What we should worry is the development of cryptocurrency and how goverment think about it.

nymph116

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I don't think that taxing Bitcoin holders will have a negative impact on Bitcoin. If, i just only say if, if China, the world's most populous country and the world's second economy, announcing tax on Bitcoin, which does directly recognize the legal status of Bitcoin in China, thinks about how beautiful the picture is, and the bitcoin price will definitely be a new round of soaring.

k1ng0fBTC

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Quote from: ivankoh on August 06, 2018, 02:57:13 PM

Quote from: Irviyandi on July 26, 2018, 12:13:16 PM

But now the government does not have any rights with bitcoin, let alone make a rule that bitcoin holders have to pay taxes because now the government strongly prohibits the circulation and use of bitcoin in some countries

It is extremely difficult for taxpayers to handle Bitcoin because the Government can not handle it because of the Bitcoin's privacy and confidentiality. But in the long run, I think that in order for the cryptocurrency market to be firmly anchored in the global financial markets, government management and application are unavoidable.

We are already giving highly transaction fee if they applied more taxes bitcoin will die for sure.Rich People can leave there country just because of there government but poor people can at the end they stop using bitcoins.

andrei56

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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 will have to pay your taxes, I know that there are many people that do not like the idea of paying their taxes, but the countries of the world are still very strong and it will be a mistake to try to defy them, not only that even if for some reason you were able to avoid paying your taxes you will be always nervous that the government will find out and that you will end up in jail.

Altas

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There are tax payers upon the profit they earn from bitcoin. Already some governments functional around the globe has initiated such a plan. Here the taxes were levied upon the transactions happening through the particular account. In specific traders who involve into btc to fiat trading were the one that pay taxes.

Bagaji

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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.

It will only happen when most of the government of the world must have accepted and adopted Bitcoin as a means of exchange for goods and services in their various country. And I don't believe that will affect negatively the expansion of Bitcoin because its happen with banks and that has not stop people from not saving with banks.

Oppang Inamo

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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.

They can't manipulate, control, and solicit taxes on Bitcoin Holders and users. You already have taxes when you use it to buy certain things as you convert your cryptos onto your local fiat and those wallets that requires fees every time you make transactions do also pay huge taxes hence a part of those fees do given to the taxes for the government.

burakdat

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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.

And we did already pay taxes on BTC as we all know that before exchanging fiat to crypto in our local exchange, the local exchange will take us a transaction fee for the exchanging process. So definitely this is where tax started because these local exchanges are being regulated by the government and the government will take a percentage tax on the local exchange.

Luana Trade

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NOT IN TRUTH WOULD BE GOOD BECAUSE PEOPLE AT ALL WAS GOING TO SEE THAT BITCOIN EXISTS AND IS NOT A SCHEDULE PONZI AS MANY PEOPLE STILL DO NOT BELIEVE THAT THE BITCOIN WILL EXIST

Underlord

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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.

In fact there are several countries that have applied tax to Bitcoin. The taxation system of Bitcoin profits in countries can vary greatly. Some countries treat Bitcoin as a currency, while countries like the US and Australia regard it as an asset or commodity.
The problem will not be complicated when it comes to corporate entities engaged in the Bitcoin sector, because the tax assessment is taken from company tax. This is only complicated when individuals have the advantage of Bitcoin. All of course back to each individual about the obligation and awareness of paying taxes, anyway it would not hurt if we set aside a portion of our income from bitcoin for the progress of the country.

Haji Rambo

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Country children have to obey taxes ... to be together, together with developing the country with taxes, I really agree.

Ssid

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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.

I don't think you will and should be taxed when you just "hold". Not until you sell and take profits one day. On that day how much money you gain subtracted by your initial investments would be taxable.

Usually holders are taxed less than traders tho. By holders it means you hold more than a year.

Altf4

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Bitcoin is not a registered business in any government offices, we are not committed to give taxes to the government ,we are independent , circulating in the cryptoworld without the regulation of the goverent ,so why should we pay taxes , it is not compulsory to pay dues to the government.

Basaleyi

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if they refuse to pay their tax who will force them to do it . actually no one able to do that even by the force of guns . and for that reason bitcoin and other altscoins are popular around the globe peer to peer without forcing any rules or regs,

icoresearch

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One way or another we will end up in the situation when we should pay taxes from crypto profits, taxation will come along with the adoption.

ivankoh

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Quote from: Irviyandi on July 26, 2018, 12:13:16 PM

But now the government does not have any rights with bitcoin, let alone make a rule that bitcoin holders have to pay taxes because now the government strongly prohibits the circulation and use of bitcoin in some countries

It is extremely difficult for taxpayers to handle Bitcoin because the Government can not handle it because of the Bitcoin's privacy and confidentiality. But in the long run, I think that in order for the cryptocurrency market to be firmly anchored in the global financial markets, government management and application are unavoidable.

Vs225655

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I think the crypto community will never diminish. She will only grow. Even if the state wants to tax, I wonder how they will find those people who cripple the crypt?

MFahad

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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 will not feel good after knowing that most of countries even my own country's government has already applied taxes in bitcoin accounts.There's no worry about paying tax since its not high but i am afraid in future when the bitcoin usage increase government will increase the tax which really make us fed up.

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