Topic: Government Furious - page 19. (Read 1785 times)
In no shape or form should users be obliged to pay tax over their transactions, except from a few cases and situations. I don't even understand why you make an issue out of the fact that currently the majority of the transactions aren't getting taxed. Governments understand that they can't just tax anything and everything just because value is being moved from one place to another. On top of that, it also depends per country what Bitcoin is classified as, and based on that you may end up having to pay tax in certain situations. From there it's up to the people to pay their taxes out of free will, because if you aren't using centralized services, you basically have no usable trail/profile anywhere, and thus can't be held responsible for whatever actions.
Do the government can not make a regulation to impose the collection of tax to cryptocurrency as billions of dollars passes everday to the users and investors who transact that huge money then it should apply to the users who do bitcoin transaction. This can make possible to the government if they pursuit a laws that addresses the cryptocurrency users to be taxed.
The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country.
No, if we divide this capitalization between the countries it will be like a grain of sand. Big private companies are bringing much more revenue than a fully regulated crypto economy would. At least at this stage. Also, governments are getting their share from BTC to fiat transactions. Do you think it's not enough?
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Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?
No, it shouldn't. Are you supposed to pay taxes when you're exchanging pokemon cards with your friends. Do you have to pay tax when you're trading gold in world of warcraft? Why should you have to pay for changing one cryptocurrency into another, especially when both of them aren't recognized by the government as a currency and a means of payment.
The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?
Tell me and who is going to force those laws, how they are going to make people pay for each transaction, how they can even proof if a transaction took place, people could always argue that they are sending money from one of address to another address that belongs to them, this is no really different than taking money from your left pocket and moving your money to your right pocket there was no transaction, this happens all the time on the blockchain when people move funds from one address to another so unless you are able to link the identities of people to their addresses this is going to be impossible.
until now government won't to penetrate the system o crypto if they going to legalize the btc they do it to gain something
but its better to collect tax in a bitcoi earner than to provoke the government and make them realized that btc is no benefits in the economic if they do they just banned it in a whole country making the btc price fall
but its better to collect tax in a bitcoi earner than to provoke the government and make them realized that btc is no benefits in the economic if they do they just banned it in a whole country making the btc price fall
The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?
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