Topic: do the government will take action to put TAX for all Crypto Currency Exchanges? (Read 646 times)
October 29, 2017, 12:10:29 PM
Governments will unequivocally impose various exchanges and exchangers on the tax on transactions with the crypto currency in order for the citizens of this state to pay income tax. However, this will concern only those exchanges and exchangers that are located on the territory of this particular state. However, if you apply to the stock exchange, which will be located in the offshore zone or the exchange of the country where such a tax is not established for some reason, it will be possible to evade payment of this tax. The states now have really big problems with the crypto currency.
October 29, 2017, 11:12:13 AM
if this is in the control of government then before some time the government will impose different types of taxes on bitcoin even in the sale and purchase of bitcoin they will impose certain charges and then the major portion of this currency will be hold by the government but this is free from government taxes and the taxes on exchanges we can say the fee for these exchanges .
October 29, 2017, 10:49:38 AM
Yes the government will take action to put TAX for all Crypto Currency Exchanges because every transaction have a fee and without that fee bank will never earn money from transaction and that impossible with banks
October 29, 2017, 10:06:49 AM
Terribly amusing proposition. It has some fishy parts. I will inquire more.
October 05, 2017, 06:16:56 AM
It is simple: If they see that they will gain huge profit yes! Depends on the situation and the policy of every country
October 05, 2017, 06:14:26 AM
The government can tax something that it wants, it is the amount of the important thing. The stock exchange companies are paying taxes. But this tax system can vary from country to country.
October 05, 2017, 06:12:48 AM
The real deal will be with DEX, they will can not control it, so if you can use crypto directly it will be a problem for them, since fiat coexists with crypto they will tax you when you transform it using services like coinbase for example
October 05, 2017, 06:10:28 AM
Guys, in your opinion, as the title said, do you think the government around the globe put taxes for all Cryptos?
Too much money is in this crypto game and is not realistic that any government will renounce to collect tax.The question is just how to do it because cryptocurrencies should be anonymous and if user not convert coins in fiat there is no way to any government collect tax.Only way how they can do that is to force exchanges to give them user data or to tax exchanges maybe by their annual trade,but that would mean bigger fees for users.
What is certain that if you convert you coins to fiat depending where you live some tax probably should be paid,the question is only in what percentage.
There is an old saying "You can not escape two things in life,death and tax".
October 05, 2017, 05:57:14 AM
Government will surely do that because that is how they are going to make some profits out of the cryptocurrency exchanges. Government will always try to regulate bitcoin and they will surely make some laws that will put tax on bitcoin and other cryptocurrency exchange so they can make a living out of it even they are not investing in bitcoin.
October 05, 2017, 05:49:20 AM
Guys, in your opinion, as the title said, do you think the government around the globe put taxes for all Cryptos?
Not all, but some countries MIGHT do that, especially to bitcoin. Altcoins are not that well-known, but bitcoin is what governments are having a hot take on. Bitcoin is very popular, and probably the most used cryptocurrency. If the governments are able to make a law that requires people to pay tax by using bitcoin, then these countries will probably take a huge benefit considering the number of bitcoin users. Well, I just hope that won't happen. 
October 05, 2017, 05:44:23 AM
it will always depend on the country you live it.
some of them may not even tax exchanges and some may not even have any exchanges in their country!
however this is a market something similar to Forex market and eventually if it becomes big and much more popular, surely the government will start looking into ways of taxing it.
some of them may not even tax exchanges and some may not even have any exchanges in their country!
however this is a market something similar to Forex market and eventually if it becomes big and much more popular, surely the government will start looking into ways of taxing it.
October 05, 2017, 05:17:44 AM
They would if they could. But it's hard for them to track all transactions made from all over the world, more than that, the concept of Bitcoin is based on anonymosity, so it will be really hard to know who sent wich transaction.
But as we all know, governments will not let such a big market go away without taking a share of it. They can never accept that and maybe in the near future Bitcoin market will be more regulated and controlled.
But as we all know, governments will not let such a big market go away without taking a share of it. They can never accept that and maybe in the near future Bitcoin market will be more regulated and controlled.
October 05, 2017, 05:10:49 AM
That is vain pursuit again, like taxes for blogers. There is an income and a tax for income, that's it. How did you get it, doesn't matter. If there is the fact of profit reciept, citizen have to pay a tax. Further you have to see, what is not under the tax assesment. However much bitcoins you have, while you haven't move it in fiat, you have to pay nothing. If finances came to the account, be an angel to declare it and send to tax agency. What is to devise something else for. It is already written in the low for a long ago.
October 05, 2017, 03:46:39 AM
Guys, in your opinion, as the title said, do you think the government around the globe put taxes for all Cryptos?
Not necessarily all but majority will definitely do. This will be a good source of fund for the government since many are using cryptocurrency now. Since they cannot touch the cryptocurrency itself then they will just impose tax on the exchange so that they will profit from it. This scenario is inevitable because of the growing profitability rate and volume of cryptocurrency. Expect always the worst when the government takes action.
October 05, 2017, 03:07:28 AM
it hard to work all countries with same side but if this government fell bitcoin will have more power will try to make some laws to limited it (Because real bank better for counties than bitcoin)
October 05, 2017, 02:58:32 AM
Nah. Bitcoin is too early in its development to see governments even try to enforce taxes on it at this point. It would take literally tens of thousands of people to review every crypto holder, and there are like 1000+ cryptos... no way for governments to keep track. Best bet is find a new way to tax us because as long as there is crypto people are going to use it to at least try to avoid paying them.
October 05, 2017, 02:48:37 AM
It is very possible, but of course the government must legalize bitcoin first because a country can only take taxes from the income that is considered legitimate by the state based on the laws of that country. Then of course the government must provide certain services such as security and access guaranteed by the government so they have a reason to take tax from bitcoiners
October 05, 2017, 02:45:29 AM
It is possible with the increase in popularity and increase i demand we might see the trading fees increasing as regulation becomes a must they might charge 5% tax per trade or maybe tax will only be charged if profits are made.
This won't happen worldwide it will take lot of years for a worldwiseworldwide tax implementation on btc but in the coming years this will slowly occur.
This won't happen worldwide it will take lot of years for a worldwiseworldwide tax implementation on btc but in the coming years this will slowly occur.
October 05, 2017, 02:22:31 AM
In India the earnings through bitcoins are taxable, In fact no matter from where you earn everything is taxable thus they Haven't spared bitcoins too but this is a good fact indeed that they are recognizing it as something that is able to compete with the value of paper money , thus its not a bad thing at all in my opinion.
If the situation in India is like this yes many countries would be Thinking of adopting the same norm but still there are countries that are sparing the earnings through bitcoins to be considered for tax.
If the situation in India is like this yes many countries would be Thinking of adopting the same norm but still there are countries that are sparing the earnings through bitcoins to be considered for tax.
October 05, 2017, 02:12:49 AM
Guys, in your opinion, as the title said, do you think the government around the globe put taxes for all Cryptos?
It's depend on each policy against cryptocurrency but usually if government have legalize bitcoin, they will put the tax for their revenue so it's reasonable but in other side, it will broke bitcoin paradigm as decentralized currency
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