Topic: Get ready for more tax. Save your BTC! - page 4. (Read 1146 times)
The government of every country must reduce this rate of interest Everything is closed. People live in lockdown Office, court, business, trade are all closed. How will they pay this tax to the government? There are many poor people that don't get enough to eat If there's no government tax at this point many will face problems. the govt is imposing VAT on everything and increasing the quantity of tax The epidemic isn't yet fully in check But if we will solve this problem by investing in bitcoin blast to save lots of bitcoin from sitting reception.
Unfortunately, countries with some economic problems have already started to increase taxes before the pandemic process ends. For example, Turkey in the last 2 weeks into technological products from apparel products to luxury goods made from everyday needs tax increases in everything. People are already in an economically difficult process and cannot find cash. In addition, many people are unemployed and cannot see their future, but despite all this, the government makes the non-people's budget even more difficult with tax increases. Besides, unfortunately, the tax amounts I mentioned are not very low, but there are also absurd tax increases. Let's see what happens to us.
The Turkish government is changing the current tax regime to boost revenue. Increase income tax rates for high-income people and impose new taxes on hotels, impose new taxes on high-value property, to digital service taxes that target OTT (over the top) companies because technological developments allow digital companies to have commercial operations in a country without the presence physical.
https://www.pwc.com.tr/en/hizmetlerimiz/vergi/bultenler/2019/turkey-s-new-tax-measures.html
I think that Turkey is very good at collecting more taxes from those on higher incomes and requiring less than those on lower incomes. The additional tax burden is targeting high-income people who are not overly affected by corona.
But public banks in Turkey also lowered interest rates especially for traders and farmers and the Ministry of Finance also subsidized these loans. With this reduction in interest rates, it aims to reduce the cost of agricultural production. The government also cut interest rates on mortgage loans to revive the property market so that the construction sector and sub-industries also survive.
We see it everywhere. To counter that coronavirus disaster, governments are spending money like there's no tomorrow. Budget's deficit will rise to new heights, never seen before except during war times. In US and EU, debts are staggering. The Federal Reserve and the European Central Bank are printing money faster that I'm writing it. If you ask what's next, I'm afraid there's only one answer.
In most countries, governments will have no other choice but to raise taxes. They will have to be smart to avoid killing the economy, but they will need to bring more money to balance their budget (or more likely to reduce their operating deficit).
As I haven't paid any income tax since 1997, that's all right with me, but I urge all fellow Bitcoiners to organize themselves, and to plan ahead to avoid the worst...
Or could I be wrong? There will be no more taxes next year?
Printing money is an escape from bad today but is a way into worse tomorrow. This will really create inflation in countries. In any way, expectation about economic situation is very bad right now and when we add printing money it looks like adding fuel to the fire. Id they raise taxes, then it means business will fail and in this situation economic fall is guaranteed. Right now some business needs support to keep functioning and emploeeys. If you raise taxes, wages should be reduced or even some people will be left without job.In most countries, governments will have no other choice but to raise taxes. They will have to be smart to avoid killing the economy, but they will need to bring more money to balance their budget (or more likely to reduce their operating deficit).
As I haven't paid any income tax since 1997, that's all right with me, but I urge all fellow Bitcoiners to organize themselves, and to plan ahead to avoid the worst...
Or could I be wrong? There will be no more taxes next year?
In any way situation is bad and printing money is only a deal for a while. Psychology playes big role in economics too. When someone starts selling something, people follow it in panic. Can say the same on opposite process - buying. So they have to somehow balance situation and slowly and steadily overcome this economic crisis.
Unfortunately, countries with some economic problems have already started to increase taxes before the pandemic process ends. For example, Turkey in the last 2 weeks into technological products from apparel products to luxury goods made from everyday needs tax increases in everything. People are already in an economically difficult process and cannot find cash. In addition, many people are unemployed and cannot see their future, but despite all this, the government makes the non-people's budget even more difficult with tax increases. Besides, unfortunately, the tax amounts I mentioned are not very low, but there are also absurd tax increases. Let's see what happens to us.
My government runs a multiple tax system they have even risen VAT, the government of my nation are a block head looter, unrepentant. After the lockdown I planning to shutdown my office and face proper trading and investment rather than paying huge multiple taxes to reckless government spending.
We see it everywhere. To counter that coronavirus disaster, governments are spending money like there's no tomorrow.
Do you think what you says are relevant?Government are spending money because they need to help People because of this virus,i don't know what your mind shits run to you.In most countries, governments will have no other choice but to raise taxes. They will have to be smart to avoid killing the economy, but they will need to bring more money to balance their budget (or more likely to reduce their operating deficit).
your too early to talk about tomorrow when the problem must be faced today first,mind to make best post than like this?As I haven't paid any income tax since 1997,
Look how shit you are?not paying any income tax for more than 20 years?you are the one who must be blame for all of this. 
I meditate the authority will not produce taxes as each person cannot earn a large amount currency compared to before.
They would not do that now, there is a timing for everything and that's definitely after the pandemic. here's what is happening, now that people are not allowed to run their business, the government will give them the support but in return, the government will have to increase the taxes once the pandemic is over as they have big loses at this time, so we can expect it will certainly happen, this would happen in countries who are affected with the covid-19 heavily.
There is a chance that different country makes a huge or a massive increase of their taxes because we know there are a lot of countries getting affected by this virus and this is not quite good and one of the things they need to do just to recover is the increases of their taxes to the items as by the law of supply and demand there are chances they will do this but still, they need to make a recovery first on their country before they do this because many people getting affected by this because we don't have enough economic growth and recovery. I think even we hold a lot of bitcoin still there are only a few counties and stores only adopt the use of the crypto still we are looking forward to it only. One of the things needs to focus on a single country is to comeback their GDP.
There is a chance that they will not make it out but I think after a few months they need to rapidly increase their countries earnings and the outcome so they need to adapt like the ideas of the other countries or increase the taxes.
The whole world is now facing corona effect. Every Countries face lockdown, thats why the trade of goods or tourism services to be stopped. People are unemployed due to bankrupt businesses. The United States is print a lot of money to support their people in this economic difficult time.This will conduct to same bright currency inflation in countries with cloudy money-spinning losses. I meditate the authority will not produce taxes as each person cannot earn a large amount currency compared to before.
There is a chance that they will not make it out but I think after a few months they need to rapidly increase their countries earnings and the outcome so they need to adapt like the ideas of the other countries or increase the taxes.
The whole world is now facing corona effect. Every Countries face lockdown, thats why the trade of goods or tourism services to be stopped. People are unemployed due to bankrupt businesses. The United States is print a lot of money to support their people in this economic difficult time.This will conduct to same bright currency inflation in countries with cloudy money-spinning losses. I meditate the authority will not produce taxes as each person cannot earn a large amount currency compared to before.
Even if there were no problems with the appearance of the coronavirus, anyway, over time, governments would gradually introduce or raise taxes on any activity related to cryptocurrency. States do not need a decentralized cryptocurrency, and one of the effective methods of combating any type of activity objectionable to the state is the establishment or increase of taxes. It has always been so. Especially when it comes to financial activities.
However, cryptocurrency is a special type of financial activity that is not always amenable to direct regulation and control. States are in no hurry while they are studying cryptocurrency.
However, cryptocurrency is a special type of financial activity that is not always amenable to direct regulation and control. States are in no hurry while they are studying cryptocurrency.
If they raise the Taxes , people will starve , they don't even have enough to eat for the time of quarantine , I do think if they do this then sooner or later people will overthrow the government.
Only rich people should be paying taxes are a time like this , why bother the poor when they are right now living marginally. Government needs to understand that they cannot keep their economy stable after causing harm to the general population.
They need to focus on recovery first , not on the economy , it is important but more important is taking are of the people who elected the government.
Only rich people should be paying taxes are a time like this , why bother the poor when they are right now living marginally. Government needs to understand that they cannot keep their economy stable after causing harm to the general population.
They need to focus on recovery first , not on the economy , it is important but more important is taking are of the people who elected the government.
And who is to blame if they are poor? Me, the riches, the government, or themselves? They should have considered making a tenth of a child without being able to afford it BEFORE. But hey! They rely on free money from gov. 12 months per year and who's paying for it?
Poors don't pay taxes, being not eligible by the way, all they do is to suck the money from the government. Can't even find a decent job since most of them have low education.
bitcoin is a good way to avoid tax too so ur suggestion of keeping btc for use is cool
People want Bitcoin to become legalized and regulated but they don't want to pay any tax (they only accept profits).... the irony...
The same type of people who want a 'Super State' but complaint about taxes thinking it's free to build hospitals, roads, schools
If they raise the Taxes , people will starve , they don't even have enough to eat for the time of quarantine , I do think if they do this then sooner or later people will overthrow the government.
Only rich people should be paying taxes are a time like this , why bother the poor when they are right now living marginally. Government needs to understand that they cannot keep their economy stable after causing harm to the general population.
They need to focus on recovery first , not on the economy , it is important but more important is taking are of the people who elected the government.
Only rich people should be paying taxes are a time like this , why bother the poor when they are right now living marginally. Government needs to understand that they cannot keep their economy stable after causing harm to the general population.
They need to focus on recovery first , not on the economy , it is important but more important is taking are of the people who elected the government.
People will starve? its not gonna happen, they will not just raise taxes right away, it will be carefully plan but we can expect a taxes will be taxes, it could be in a staggered basis until the economy will fully recover the funds they've spend during the economic crisis.
If they raise the Taxes , people will starve , they don't even have enough to eat for the time of quarantine , I do think if they do this then sooner or later people will overthrow the government.
Only rich people should be paying taxes are a time like this , why bother the poor when they are right now living marginally. Government needs to understand that they cannot keep their economy stable after causing harm to the general population.
They need to focus on recovery first , not on the economy , it is important but more important is taking are of the people who elected the government.
Only rich people should be paying taxes are a time like this , why bother the poor when they are right now living marginally. Government needs to understand that they cannot keep their economy stable after causing harm to the general population.
They need to focus on recovery first , not on the economy , it is important but more important is taking are of the people who elected the government.
the money that they spent is not even came from thier own pockets but it came from peoples wallets via tax so why not worry for them ? and you said they are printing money fast so this is another reason to not worry . all of this help are free because most people dont have jobs . lets try not to think the outcome after this but lets just enjoy living a less stressful life inside our house without working . bitcoin is a good way to avoid tax too so ur suggestion of keeping btc for use is cool
Taxes are some of the biggest dilemmas in the whole world, and that makes me really sad. Normally why do people get taxed?
Well, because they pay taxes to get something in return. When you get robbed and cops show up, do you pay for them? No. When your house gets burned down, you call firefighters, do you pay them? No.
Well, for some reason there are lines in nations and all nations have different lines, some have free healthcare while others don't, some have free education while others don't, some have UBI (rare) and welfare while many don't. Basically, taxes should be used for goodness of the population. However, the most common thing you can hear from people is that their taxes do not go back to them directly and usually some people take their taste first, which is why they hate taxes, and that saddens me.
Well, because they pay taxes to get something in return. When you get robbed and cops show up, do you pay for them? No. When your house gets burned down, you call firefighters, do you pay them? No.
Well, for some reason there are lines in nations and all nations have different lines, some have free healthcare while others don't, some have free education while others don't, some have UBI (rare) and welfare while many don't. Basically, taxes should be used for goodness of the population. However, the most common thing you can hear from people is that their taxes do not go back to them directly and usually some people take their taste first, which is why they hate taxes, and that saddens me.
Governments needs money to support the Covid response steps taken to mitigate the effects of the Virus. It is quite fair and useful because these budgets are for our own good and might be used as fuel to stop the virus.
When the pandemic outbreak coronavirus becomes active there are a lot of countries and people getting affected because some of them make a hoarding to the things they need on their houses to survive into a long quarantine which hits and make a huge impact to the economy like the recent problem into other countries which is hoarding a lot of toilet paper and by that it cause of inflation that increases the market price of this product and makes a lot of additional taxes it is not quite fair because what happen to the people cannot afford those kind of items.For having a pandemic outbreak I think the use of the bitcoin is just use for other platforms but for now I think it is quite hard if they are trying to adopt the use of the bitcoin transactions because it makes a lot of paper before it will legalize into a country but still we are looking forward that many people will use this kind of payment transactions.
Also tax is part of the payment to the government which is will help though out the pandemic they used out taxes to buy a lot of things needed to fight into the outbreak still it depends on your government if this may give you a good service or not.
That is the most rational thing that any government should do, maybe raising the taxes is a good thing, we really need that recovery since the pandemic made a halt in economic function. Sure it can cripple people when there is a sudden tax raise but I think that it is up to the government on how they will approach it. I agree that reserving your bitcoin is a good thing because at the very least, you will have a safe haven to go to when things get tough.
Besides, people should not complain about tax because those taxes you hate are the stimulus packaged that helped you in the time of pandemic, that is just my opinion though, so feel free to disagree.
Besides, people should not complain about tax because those taxes you hate are the stimulus packaged that helped you in the time of pandemic, that is just my opinion though, so feel free to disagree.
Also tax is part of the payment to the government which is will help though out the pandemic they used out taxes to buy a lot of things needed to fight into the outbreak still it depends on your government if this may give you a good service or not.
That is the most rational thing that any government should do, maybe raising the taxes is a good thing, we really need that recovery since the pandemic made a halt in economic function. Sure it can cripple people when there is a sudden tax raise but I think that it is up to the government on how they will approach it. I agree that reserving your bitcoin is a good thing because at the very least, you will have a safe haven to go to when things get tough.
Besides, people should not complain about tax because those taxes you hate are the stimulus packaged that helped you in the time of pandemic, that is just my opinion though, so feel free to disagree.
Besides, people should not complain about tax because those taxes you hate are the stimulus packaged that helped you in the time of pandemic, that is just my opinion though, so feel free to disagree.
Wow! Thank you for reminding that.
I have never really thought about it.
Perhaps many of us did not.
We are thinking more of how to survive but yet we are forgetting what will come next.
Yeah, they might really do that.
Increase the tax to recover faster. This will happen mostly to countries which are in top. To keep up with that ranking.
I have never really thought about it.
Perhaps many of us did not.
We are thinking more of how to survive but yet we are forgetting what will come next.
Yeah, they might really do that.
Increase the tax to recover faster. This will happen mostly to countries which are in top. To keep up with that ranking.
Some countries will rise taxes no doubt in that, in some countries people already have regulations about crypto and people pay their taxes on crypto. In my country there're no laws about crypto for now, and I don't pay taxes on that, I pay regular tax and I can't avoid that! But we all have to think about the future, and for sure each of us should have some stash in crypto, somewhere hidden, to not pay anything on that, just to keep it safe and to use it only in emergency, in any way that stash will stay safe for future!
I think that now we can't deny all other alts, so save you bitcoins and your alts, when regulation comes governments will try to take coins from us. They didn't do anything to help us in all these years, why would we give them anything?!
For sure, taxes will continue next year and the years to come. That is something anybody cannot totally avoid. Of course, there are a few special countries which do not need to impose income taxes to their citizens, but it does not mean that taxes are altogether erased. Taxes are imposed in so many ways. As a matter of fact, every product's price must have already a tax in it.
It would be insensitive of the governments to impose additional taxes to the people or to businesses just when they are beginning to recover from the losses and zero income due to the pandemic. It is simply untimely. If there is an increase of taxes due to the huge spending in line with the pandemic, it should be imposed later when the livelihood and business operations have fully recovered.
It would be insensitive of the governments to impose additional taxes to the people or to businesses just when they are beginning to recover from the losses and zero income due to the pandemic. It is simply untimely. If there is an increase of taxes due to the huge spending in line with the pandemic, it should be imposed later when the livelihood and business operations have fully recovered.
Jump to: