Topic: Bitcoin should be taxed - page 6. (Read 1090 times)
Even if it isn't compared with money, as long as it has value, I believe that it should be taxed accordingly. This is not only for fairness itself but also for the purpose of helping bitcoin or any other crypto currency out there to have some sort of legitimacy to it specially on the eyes of the beginners. But most importantly, for the sake of helping it become legalized since we all know what the governments and banks want: to always have something to gain and to always have control. That is just how things are ever since I can remember.
I don't like things being taxed too much, but i guess if bitcoin is being taxed, it might be easier for bitcoin to be acceptable by the governments. Since that way, government can gain something by bitcoin too. To be honest sometimes i feel like it's too much, people can get looooots of money and profit from bitcoin without needing to pay anything, it might be a bit dangerous, i guess as long as the tax are not so high and nonsense, having bitcoin taxed is reasonable.
Anyone advocating more taxes needs to have their head examined. We are taxed enough already!
Taxation is a way of recognizing Bitcoin as a legal currency,
It helps legalize BTC not as a currency but as an investment asset. Governments do not tax fiats like USD but they tax income derived from trading fiats or investing it to different assets that can generate revenue. Now replace USD with BTC. 
Quite a few countries have imposed taxation laws for cryptocurrencies, in some degree, I'm fine with it. It's still money, income you are generating. Thus, I don't find it irrational. On the other hand, cryptos are supposed to be decentralized, providing liberties that fiat currency cannot, it's practically against their nature.
Here in Greece, there isn't any law regarding crypto taxation, however, you are expected to declare any income higher being deposited in your bank account, higher than 500 euros if I remember correctly.
Here in Greece, there isn't any law regarding crypto taxation, however, you are expected to declare any income higher being deposited in your bank account, higher than 500 euros if I remember correctly.
As stated by CNBC Infonesia, the Director General of Taxes at the Ministry of Finance emphasized that all forms of income must be taxed, including income derived from profits from trending or buying and selling shares, or bitcoin.
Confirmed, and I just think the tax will be realized by any government that legalizes trading cryptocurrencies including bitcoin and it is still in the good planning stage. This proves that the government has greater advantage than disadvantage even though it only legalizes bitcoin trading and enforce tax rule. This is what I call a win-win situation between the government and the bitcoin/ Cryptocurrency community. The amount of tax that will be set may be in the spotlight and debate later if it doesn't make sense. 
tax for bitcoin is something that cannot be avoided in the future because if bitcoin is legalized then there will be certain fees that are intended for state revenue
but even then bitcoins used for direct transactions are different from global transactions most likely will not be taxed because of the anonymous blockchain system
but even then bitcoins used for direct transactions are different from global transactions most likely will not be taxed because of the anonymous blockchain system
This is true because slowly everyone is starting to realize that Bitcoin has benefited the wealth of many people. then the institutional and government policies will impose a tax on Bitcoin. we all had a feeling this was going to happen. if so then be prepared who will be in charge of all this?
As stated by CNBC Infonesia, the Director General of Taxes at the Ministry of Finance emphasized that all forms of income must be taxed, including income derived from profits from trending or buying and selling shares, or bitcoin. Countries that have legalized bitcoin definitely need taxes, like Germany which receives a 25% tax on all profits made from trading, Norway also receives a 25% tax, but if we suffer a loss our taxes will be withheld.
In Ron Paul's view, bitcoin is money, and it should be taxed as such. How do you view this information?
In the USA it's already taxed.
In Ron Paul's view, bitcoin is money, and it should be taxed as such. How do you view this information?
Right now, whether Bitcoin is taxed really depends on the country where you live. I think that Bitcoin itself shouldn't be subject to taxes, but that the income from trading or just getting BTC as a salary should be reasonably taxed in a way that's similar to fiat income taxes. So it shouldn't be anything crazy because then people will just hide it, and the procedure of filing taxes should also be as simple as possible. I think such conditions would move a lot out of the gray area, and it can be beneficial to countries economies. 
In Ron Paul's view, bitcoin is money, and it should be taxed as such. How do you view this information?
if this can make it legal, all that is fine. what we need now is recognition from the government, and if taxes are one of those ways we have to accept it all. that way we will be one step ahead towards mass adoption. 
tax for bitcoin is something that cannot be avoided in the future because if bitcoin is legalized then there will be certain fees that are intended for state revenue
but even then bitcoins used for direct transactions are different from global transactions most likely will not be taxed because of the anonymous blockchain system
but even then bitcoins used for direct transactions are different from global transactions most likely will not be taxed because of the anonymous blockchain system
A plethora of new policies regarding bitcoin are being debated as the virtual currency gains momentum. It's a topic that is under intense discussion around the world, with many countries either legalising cryptocurrencies or considering legislation to regulate them.
Regulation of cryptocurrencies is vital. There's no question about it. While I do not see any problem with taxing capital gains with cryptocurrencies, governments should do so in a fair manner, so the people who earn more do have to pay higher taxes.
Regulation of cryptocurrencies is vital. There's no question about it. While I do not see any problem with taxing capital gains with cryptocurrencies, governments should do so in a fair manner, so the people who earn more do have to pay higher taxes.
In Ron Paul's view, bitcoin is money, and it should be taxed as such. How do you view this information?
you are responding to "lets MAKE a story news"
MSM decided that ron paul needed to air his Opinion. Bam more controversy thus more interaction and steering of narrative control.
Fact. Capital gains are already taxed. End of story.
depending on the policies of the country that legally adopts Bitcoin or only legalizes it for private users. because we heard that some time ago bitcoin was taxed. but whether the holder will feel very monitored for the wealth he has. simply because it eventually turned from Bitcoin to fiat money.
Taxation is a way of recognizing Bitcoin as a legal currency, which also means that Bitcoin's scope of application will be larger than before.
Yeah, once you start taxing something the scope of applications goes down as everybody wants to fill a form every time he spends some coins he has bought 10$ cheaper. Also, if you would have paid attention Ron Paul's idea is that bitcoin is money so it shouldn't be taxed! Right not it's viewed as property and is taxed accordingly!
In case somebody wonders where this comes from here is the article:
https://cointelegraph.com/news/ron-paul-legalize-and-tax-bitcoin-like-money
And because bitcoin is money the state must provide a special financial institution for bitcoin.
Oh yeah, let's add some more bureaucracy, more laws and regulations, and pay more people for what?
What's the real need for any of those?
I haven't heard of any country legalizing bitcoin so talking 'taxes on bitcoin are too far.
On what planet do you live?
bitcoin doesn't have to pay taxes because the government doesn't legalize bitcoin in their country I haven't heard of any country legalizing bitcoin so talking 'taxes on bitcoin are too far.
In Ron Paul's view, bitcoin is money, and it should be taxed as such. How do you view this information?
Bitcoin is a type of money but it is totally different than fiat money. It is more like between fiat and investment tools like gold, silver etc. . We are not only using it for buying something but also for investment purposes. It can of course be taxed. But I think that they shouldn't impose an income tax on it. It is really not fair.
I’d love to get 0% tax on bitcoin I sell but unfortunately in the UK we get charged 20% capital gains tax on profits once we sell. Some countries have it worse than that but I know Germany is 0% if you HODL for 12 months or more.
In our country, the use of Bitcoin has still free of tax unless if we converted it to fiat money, may taxation applied.
However, the use of Bitcoin still limited, only a few establishments are accepting this and that just like we are paying taxes as we usually converted it to fiat money.
Well, I don't see any problem with that as the government just do their job and we have to obey the rules. As long as it was fair, everything will just be fine.
However, the use of Bitcoin still limited, only a few establishments are accepting this and that just like we are paying taxes as we usually converted it to fiat money.
Well, I don't see any problem with that as the government just do their job and we have to obey the rules. As long as it was fair, everything will just be fine.
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