This is impossible. If Bitcoin needs to be taxed, it can only be done by the toll collector, but this is basically impossible, so Bitcoin loses anonymity, and there is no difference between cryptocurrency and traditional currency.
Taxes are for the countries in first place and it make the country rich and rise the living standard of the people so I do not think it is a bad thing as long as they are fare enough not to discourage the investors. 
Topic: Bitcoin holders will have to pay their tax? - page 5. (Read 4342 times)
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.
That is not what will happen in the future but already started in some countries now. I think it is a good sign proving that the government is gradually accepting bitcoin. Maybe the expansion of BTC community will get low than usual.
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.
No for now because bitcoin has no clear definition on what really bitcoin is considered. Some may say that bitcoin is an asset which could be taxable by the government or a digital currency but not functioning as digital currency because of its form(decentralized currency). So we should not speculate for these things to happen because we do not want also that our bitcoin holdings will be taxed out by the government.Maybe the expansion of BTC community will get low than usual.
than just pay it.
if government, officially issue regulation about people that have bitcoin must be taxed, it mean we must pay tax. its mean that bitcoin is something valuable and profitable for government, and they admit it. but they still never try to control it
if government, officially issue regulation about people that have bitcoin must be taxed, it mean we must pay tax. its mean that bitcoin is something valuable and profitable for government, and they admit it. but they still never try to control it
i think that, all bitcoin can agree pay to tax if government give legalige. if come any problem in cryptocurrency, and government can do solve support. then all bitcoin holder can do trade, investment earn big profit. all holder can make rich and all time they feel happy so eassily can pay taxes.
In my opinion. there will be an increase in migration from bitcoin to other cryptocurrencies that is more anonymous and imposes no taxes for transactions. on the other hand, imposing taxes on bicoin holders defeats the purpose of anonymous transactions, there is nothing wrong with this as long as there will be regulations to protect the identity of the customers at the same time protecting also the interest of the investors
There is no technology to regulate the circulation of cryptocurrencies unless the user is willing to do so. Usually this is not acceptable. Taxes for future cryptocurrencies can only be taxed through ordinary commodities. Otherwise it is impossible to achieve.
Even if the government brings such a legislation, I don't think that the vast majority of the holders will reveal their assets. Because Bitcoin is very difficult to trace, unlike some of the other assets such as bullion and equities.
I am sure that there will be some volunteers, who will do it willingly. These people simply always follow the rules. If they are obliged to pay taxes for BTC, they will do it, but the majority will not.
Even if the government brings such a legislation, I don't think that the vast majority of the holders will reveal their assets. Because Bitcoin is very difficult to trace, unlike some of the other assets such as bullion and equities.
I am sure that there will be some volunteers, who will do it willingly. These people simply always follow the rules. If they are obliged to pay taxes for BTC, they will do it, but the majority will not.
if indeed with government tax can guarantee security and comfort in investment I think that can be accepted by investors and of course the tax is not detrimental and can make development even better
This is impossible. If Bitcoin needs to be taxed, it can only be done by the toll collector, but this is basically impossible, so Bitcoin loses anonymity, and there is no difference between cryptocurrency and traditional currency.
Well i guess we should agree when goverment want to make bitcoin holder to pay their taxes. That can really help for income in those country and at least goverment are making clear that bitcoin are legal to use
Even if the government brings such a legislation, I don't think that the vast majority of the holders will reveal their assets. Because Bitcoin is very difficult to trace, unlike some of the other assets such as bullion and equities.
The payment of taxes by bitcoin hodlers will in some way change the government's reception about bitcoin. This will go a long way to have positive influence in the acceptance of bitcoin.
I strongly agree that the owner of bitcoin is taxed, because with such a policy it means the government recognizes bitcoin and accepts it as a means of payment and investment. The government must optimize the owners of bitcoin so that transactions can be comfortable and tax revenues can be used for development.
in my opinion, that is a natural thing if the government can control bitcoin and apply the rules about bitcoin because the government will also try to take advantage of bitcoin holders, but I don't think that will affect the holders to keep investing in bitcoin
Commissions for Bitcoin transactions are present now. Few people are satisfied with this. And if they are increased, then there will be even less willing.
This could take more time and a long process because bitcoins and all other cryptocurrencies are decentralized kind of investments. Perhaps, if government will fully recognize it and make this a legal way then it could possibly happen. It would be a big help for the government since tax are very useful for the betterment of the economy.
Obviously the use of charges on each Bitcoin client is as the fundamental cash-flow to recognize Bitcoin altogether, all demonstrations of wrongdoing in the interest of Bitcoin can be settled without any damage, at that point anything identified with the administration there must be a commitment to cover regulatory obligations, for me the tenets are not off track and still can be gotten it won't hurt by any means, however government eagerness is certain to occur.
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.
No for now because bitcoin has no clear definition on what really bitcoin is considered. Some may say that bitcoin is an asset which could be taxable by the government or a digital currency but not functioning as digital currency because of its form(decentralized currency). So we should not speculate for these things to happen because we do not want also that our bitcoin holdings will be taxed out by the government.Maybe the expansion of BTC community will get low than usual.
I don't think this is possible, because bitcoin is still very prohibited in some countries and major Indonesia and it is inappropriate if the government takes tax from these bitcoin holders themselves even though bitcoin is held in very large amounts
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