That is what I would like to happen! Legalizing bitcoin while imposing low tax rates for its transactions. I mean what is the point of banning it when you can have profit out of it? These countries who are banning bitcoin will come into realization that banning it is futile. Either way, I am not against imposing taxes, but they should not be heavy. And as long as paying them will shut the government up, then I am okay with that.
Governments need to have affordable tax rates for the both citizen and they government because crypto field has given so much opportunities for the people to make money but if the government has high taxes then people won't get interested on doing this.so having affordable taxes beneficial for both people and citizen. 
Topic: France to Introduce Lower Tax Rates for Cryptocurrency Transactions (Read 273 times)
May 17, 2018, 07:26:34 AM
It means France is allowing cryptocrunncy legally by introducing tax. It is good news for cripto admirer.
May 14, 2018, 06:11:17 AM
What's the point of owning coins you can't put to work legally because you have been avoiding tax? Think about it.
I get it that people have cold wallets that haven't been used for years, and also understand they don't want to pay tax over their coins, but at some point if you want to cash out or buy something, that's where the fun starts.
How does one explain where the coins came from.
I get it that people have cold wallets that haven't been used for years, and also understand they don't want to pay tax over their coins, but at some point if you want to cash out or buy something, that's where the fun starts.
How does one explain where the coins came from.
That's actually a good question.
I have been holding a large part of my coins offline for years, and will very likely continue doing that endlessly. I know it may sound weird to some people, especially because of the fact that the general opinion is that why would you hold something that you will never sell, but that's my choice. I aim at the moment Bitcoin becomes an actual unit of payment and store of value, which it is already, but then on fiat and Gold level.
I don't want to expose myself to the potential risks of an imploding fiat system where my fiat wealth will be turned into dust. I have basically taken a life long hedge against the current system, and I'm very glad I did and do so. In other words, I don't look to cash out anything. I'll deal with the legal matters later when Bitcoin has grown to what I believe it is capable of. I have a seperate stash that I use for trading purposes on centralized exchanges, which I do pay my due taxes for. These coins I can put to work in any legal manner, so I'm not at all worried.
May 14, 2018, 05:42:57 AM
They should be ashamed of their neighboring countries like Germany that won't tax you for trading crypto. If I live in France, I will definitely move to Germany right now.
Relax. Germany, just like any other European country, does require you to pay tax over your gains, so I am not sure what made you think that they don't.
In some cases Germany does offer quite friendly tax policies concerning certain usage fields, but that doesn't concern your gains. Do you seriously believe that governments will just allow anyone to enjoy profits from trading activities without paying tax? It's a massive income stream for them with how thriving this market is; no way they will not want their cut of that.
I am happy that in case I end up making profits, and I don't see any value in declaring these gains, I can legally avoid paying tax by just spending my coins. Added benefit is that spending Bitcoins helps the ecosystem, so you're doing something good as well.
May 14, 2018, 05:14:41 AM
That is what I would like to happen! Legalizing bitcoin while imposing low tax rates for its transactions. I mean what is the point of banning it when you can have profit out of it? These countries who are banning bitcoin will come into realization that banning it is futile. Either way, I am not against imposing taxes, but they should not be heavy. And as long as paying them will shut the government up, then I am okay with that.
May 14, 2018, 03:06:49 AM
Not bad but I think it could still be lowered down. They should be ashamed of their neighboring countries like Germany that won't tax you for trading crypto. If I live in France, I will definitely move to Germany right now.
May 09, 2018, 03:36:52 AM
Cryptocurrency traders in France will be relieved of heavy tax as the government is taken steps that will induce a lower tax rate. The French Council of State announced on Thursday that profits arising from cryptocurrency sales should be considered as capital gains of “movable property”. – a decision that will see the current tax rate drop significantly.
Read More: https://news.bitzamp.com/france-to-introduce-lower-tax-rates-for-cryptocurrency-traders/
Read More: https://news.bitzamp.com/france-to-introduce-lower-tax-rates-for-cryptocurrency-traders/
This shows that France as one of the most powerful nations in talking of fire power and economy is very transparent to their people. Bitcoin taxation is one of the reason that why is the people are afraid of regulation and now France move have shown that Bitcoin regulation will benefit equally both the people and the government. Like the other nations like Germany and Japan we just hope that our government will also to consider to follow this move.
May 08, 2018, 05:09:45 PM
Cryptocurrency traders in France will be relieved of heavy tax as the government is taken steps that will induce a lower tax rate. The French Council of State announced on Thursday that profits arising from cryptocurrency sales should be considered as capital gains of “movable property”. – a decision that will see the current tax rate drop significantly.
Read More: https://news.bitzamp.com/france-to-introduce-lower-tax-rates-for-cryptocurrency-traders/
Read More: https://news.bitzamp.com/france-to-introduce-lower-tax-rates-for-cryptocurrency-traders/
This shows that France as one of the most powerful nations in talking of fire power and economy is very transparent to their people. Bitcoin taxation is one of the reason that why is the people are afraid of regulation and now France move have shown that Bitcoin regulation will benefit equally both the people and the government. Like the other nations like Germany and Japan we just hope that our government will also to consider to follow this move.
May 08, 2018, 04:47:29 PM
Thereby lowering the tax rate from as high as 45% to a flat rate of 19%.
Presented four regulatory actions with the aim of
"securing" users of "these currencies that offer particular opportunities for transactions lower than traditional payment services costs".
Budget and Public Accounts Minister Michel Sapin said in a statement: "This report shows that even if the existing volumes of virtual currencies are not likely to destabilize the financial system, these unofficial currencies are developing and have risks of illegal or fraudulent use."
Presented four regulatory actions with the aim of
"securing" users of "these currencies that offer particular opportunities for transactions lower than traditional payment services costs".
Quote
As long as news gets in the media it doesn't mean it will be implemented as soon as possible it will go through a discussion to be implemented
Budget and Public Accounts Minister Michel Sapin said in a statement: "This report shows that even if the existing volumes of virtual currencies are not likely to destabilize the financial system, these unofficial currencies are developing and have risks of illegal or fraudulent use."
May 08, 2018, 11:20:20 AM
But let us not expect that this good news will have an instant effect in the market.
I observe that positive news don't have an immediate impact on the market. This is a good news and gradually, more countries would come up with softer acceptance model for cryptocurrency.
It is not an instant way to feel the hike in the market, there are pros and con's in it, and to be technical it's not the news that makes the market go in a green line, it's the supporters and investors who trust the idea of crypto currency and applying through making the money roll by trading, or in investing. As long as news gets in the media it doesn't mean it will be implemented as soon as possible it will go through a discussion to be implemented
May 06, 2018, 08:49:21 PM
Finally!! 
May 06, 2018, 06:30:29 PM
I wonder if any more countries that likewise lack the IRS' capability will follow suit.
That's likely to happen without any other viable alternative. If all governments followed up on that, there won't even be any need to avoid paying tax, which directly is the main point. On the other hand, it could also be somewhat of a trap -- if you as government convince people to submit their tax reports as brave citizens, you directly located a very large group that won't be able to do the same in case the tax rates will be increased later on. For that reason there are justified mixed feelings here -- governments never do something without thinking forward, and this might become reality at some point. I hope it won't happen of course, but it's impossible to take certain things for granted with the stakes being this high....
May 06, 2018, 09:08:49 AM
We'll see whether this solution will see the current tax rate drop significantly.
May 01, 2018, 09:19:11 AM
I see some related issues regarding on implementation of tax on crypto holders and investors, their are also country who only impose tax on Private business investors that earns a big amount of money, but individual who earn below a proclaim amount will be exempted, I think this is also nice if we can experience this kind of treatment.
May 01, 2018, 05:28:37 AM
Actually, this is a good step for France and an acceptable start, but I expect that this country has a futuristic plan for cryptocurrencies. In fact, the issue is that the majority of countries wants to exploit users of crypto through Taxes and that value always rises over time and maybe France is planning to do this bad decision after some period especially if Bitcoin and cryptocurrencies in general will develop in a great way.
On the other hand, I think many countries are afraid due to the existence of Bitcoin in the market and they cannot control it . Furthermore, even when they make some decisions ( like, what happened in France..) just to achieve their ambitions and other goals.
On the other hand, I think many countries are afraid due to the existence of Bitcoin in the market and they cannot control it . Furthermore, even when they make some decisions ( like, what happened in France..) just to achieve their ambitions and other goals.
May 01, 2018, 04:41:29 AM
Cryptocurrency traders in France will be relieved of heavy tax as the government is taken steps that will induce a lower tax rate. The French Council of State announced on Thursday that profits arising from cryptocurrency sales should be considered as capital gains of “movable property”. – a decision that will see the current tax rate drop significantly.
Read More: https://news.bitzamp.com/france-to-introduce-lower-tax-rates-for-cryptocurrency-traders/
Read More: https://news.bitzamp.com/france-to-introduce-lower-tax-rates-for-cryptocurrency-traders/
That is actually a good news for traders and all the people who are doing different services for bitcoin . But I don't think that things can be this straight for the people . Government definitely has a twisted plan and that will be revealed soon . Government is never at loss and tries best to get profit out of everything . Bitcoin and other crypto currencies are a big way of getting some profits and they might be thinking of putting some other sorts of barriers for sure.
April 30, 2018, 04:01:23 AM
I don't see the U.S. doing this for cryptocurrency, though. 
Maybe that's because the IRS actually seems to have the resources to detect and crack down on crypto tax evaders? The Coinbase move was a show of power, and they even have a partnership with Chainalaysis. They don't look like they would ease up at all.
If France doesn't have the same resources, then it makes sense for them to take such an action to collect more in taxes. I wonder if any more countries that likewise lack the IRS' capability will follow suit.
April 30, 2018, 01:55:48 AM
Cryptocurrency traders in France will be relieved of heavy tax as the government is taken steps that will induce a lower tax rate. The French Council of State announced on Thursday that profits arising from cryptocurrency sales should be considered as capital gains of “movable property”. – a decision that will see the current tax rate drop significantly.
Read More: https://news.bitzamp.com/france-to-introduce-lower-tax-rates-for-cryptocurrency-traders/
Read More: https://news.bitzamp.com/france-to-introduce-lower-tax-rates-for-cryptocurrency-traders/
Ok. At least France is really looking at crypto and not totally banning it as what it was pictured specially during before the G20 summit last month. I thought that France and Germany are against crypto, maybe they have soften their stance so its all good. I don't know but I haven't paid any taxes as well regarding my crypto earnings maybe our government will in the next years or so but I don't have issues with that.
But let us not expect that this good news will have an instant effect in the market.
I observe that positive news don't have an immediate impact on the market. This is a good news and gradually, more countries would come up with softer acceptance model for cryptocurrency.
Of course this kind of news has little impact unless France say's that they are adopting bitcoin just like Japan did last year. But still this is a welcoming news for the crypto enthusiast.
April 29, 2018, 04:55:44 PM
I wonder if they're doing this because they know people aren't paying taxes on cryptocurrency gains. People are more likely to pay if the damage isn't so bad.
I think that's why my state recently changed their tax forms regarding use tax. Everyone used to just leave the line blank. Now they say "you can't leave the line blank" and point you to a table where you estimate a small liability, like $20-40. It's small, but they know that means people will pay it.
I don't see the U.S. doing this for cryptocurrency, though.
I didnt know that there are tax form which would really require you not to leave blank space in the informations required.For now my government doesnt really impose to strict compliance just like on the thing you had mentioned.People will surely pay up taxes since it doesnt really hurt into their pockets which is i do see a considerable move for them rather than having no benefits at all into those crypto traders.Glad to see that theres no such blockage into that place. I think that's why my state recently changed their tax forms regarding use tax. Everyone used to just leave the line blank. Now they say "you can't leave the line blank" and point you to a table where you estimate a small liability, like $20-40. It's small, but they know that means people will pay it.
I don't see the U.S. doing this for cryptocurrency, though.
April 29, 2018, 04:22:51 PM
But let us not expect that this good news will have an instant effect in the market.
I observe that positive news don't have an immediate impact on the market. This is a good news and gradually, more countries would come up with softer acceptance model for cryptocurrency.
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