EU's Top Court rules that Bitcoin exchange should be tax-free

Kprawn

legendary

Activity: 1904

Merit: 1074

That sounds positive to me... Why do they need to double tax people for the same thing? You pay tax on the exchange and you pay VAT on every purchase you make? I thought Spain already abolished VAT on

Bitcoin? We need more court rulings like this in other countries to spark mainstream adoption. Does anyone have a link to the court ruling, or is this just another clickbait article?

Bitcoin is a currency and you should be able to exchange from it and to it, with no tax barrier.. rather give you tax when you buy something or pay for a service. Huh

celebreze32

sr. member

Activity: 296

Merit: 250

Quote from: Bitcoininspace on October 22, 2015, 05:27:08 AM

More on the news here: http://www.bloomberg.com/news/articles/2015-10-22/bitcoin-virtual-currency-exchange-is-tax-free-eu-court-says-ig21wzcd

Finland was one of the first countries to tax bitcoin, wonder what they have to say about it now. Roll Eyes

How many Fins were put off buying Bitcoins because of Finland's Bitcoin tax? The Bitcoin/Euro markets could get a surge in volume today as more people read the European court ruling. Other countries across Europe had their own taxes which must have put people off buying Bitcoin. Can those who were taxed before the court ruling now claim back the tax they paid?

Moebius327

hero member

Activity: 770

Merit: 500

This is expected, as ECB is trying to abolish cash and "virtual currencies" are the next step in that direction.

Bitcoininspace

sr. member

Activity: 574

Merit: 250

More on the news here: http://www.bloomberg.com/news/articles/2015-10-22/bitcoin-virtual-currency-exchange-is-tax-free-eu-court-says-ig21wzcd

Finland was one of the first countries to tax bitcoin, wonder what they have to say about it now. Roll Eyes

Topic: EU's Top Court rules that Bitcoin exchange should be tax-free (Read 1185 times)