Author

Topic: EU's Top Court Rules That Bitcoin Exchange Is Tax-Free (Read 1066 times)

sr. member
Activity: 1456
Merit: 251
knowing europe.. bad

quote: The virtual currencies should be treated in the same way as traditional money, the Court of Justice said.

altough exchange is taxfree, it should be treated like regular currency. Which means that if you get an income out of bitcoin or other coin, you'll be paying taxes according your status* in some cases you'll be paying up to 58% income taxes
for the moment those coins have the status as stock exange and has their own taxation, regardless of your status. i think it should stay the same way.
europe and their members needs money and now they smell it, so why not change the rules hey *grrr...*
isn't it curious that they want to change the taxation and income rules now with all those waves of "immigrants" and refugies" over running europe. somehow it got to be paid....


status*: as in private sector, self imployed, wellfair, exetera ..
sorry i don't know the wright word for it, but i'll be happy and appreciated if someone could inlighten me with the wright word for it ^^

Don't you think it may give bitcoin more legitimacy and lead to more interest from the institutional investors ?

there are other ways
this way and i'm shure of it, is their way of: if we can't controle it, we kill it.
when taxation rules are changed that might chase away people because of that. And other people might doing busness on blackmarkets even more to avoid these new tax rules, pushing bitcoin into illegality and thus killing it

always remember, when you hear europe talking, think of Loki, because europe always talks like Loki
sr. member
Activity: 323
Merit: 250
knowing europe.. bad

quote: The virtual currencies should be treated in the same way as traditional money, the Court of Justice said.

altough exchange is taxfree, it should be treated like regular currency. Which means that if you get an income out of bitcoin or other coin, you'll be paying taxes according your status* in some cases you'll be paying up to 58% income taxes
for the moment those coins have the status as stock exange and has their own taxation, regardless of your status. i think it should stay the same way.
europe and their members needs money and now they smell it, so why not change the rules hey *grrr...*
isn't it curious that they want to change the taxation and income rules now with all those waves of "immigrants" and refugies" over running europe. somehow it got to be paid....


status*: as in private sector, self imployed, wellfair, exetera ..
sorry i don't know the wright word for it, but i'll be happy and appreciated if someone could inlighten me with the wright word for it ^^

Don't you think it may give bitcoin more legitimacy and lead to more interest from the institutional investors ?
sr. member
Activity: 1456
Merit: 251
knowing europe.. bad

quote: The virtual currencies should be treated in the same way as traditional money, the Court of Justice said.

altough exchange is taxfree, it should be treated like regular currency. Which means that if you get an income out of bitcoin or other coin, you'll be paying taxes according your status* in some cases you'll be paying up to 58% income taxes
for the moment those coins have the status as stock exange and has their own taxation, regardless of your status. i think it should stay the same way.
europe and their members needs money and now they smell it, so why not change the rules hey *grrr...*
isn't it curious that they want to change the taxation and income rules now with all those waves of "immigrants" and refugies" over running europe. somehow it got to be paid....


status*: as in private sector, self imployed, wellfair, exetera ..
sorry i don't know the wright word for it, but i'll be happy and appreciated if someone could inlighten me with the wright word for it ^^
legendary
Activity: 1946
Merit: 1007
It should help keep trading prices low.

If trading was subjected to taxes, it would make the trade extremely expensive and would have seriously hurt the trading.

Swedish tax office was just greedy here.
sr. member
Activity: 323
Merit: 250
important news from Europe
http://www.bloomberg.com/news/articles/2015-10-22/eu-court-rules-that-bitcoin-exchange-is-tax-free

What will be the implications for the bitcoin trading in Europe ?
Jump to: