Taxing crypto may work on the following two ways;
1. End use of crypto i.e. at the time of buying goods and services may be taxed. or
2. Citizens are so honest that they declare there crypto holdings and Government taxing it. but it seems difficult because most of the people will want to save the taxing of their wealth. And being anonymous in nature governments are unable know the persons holding crypto.
So governments will be able to collect taxes at the time of consumption only IMO.
Topic: No Crypto Taxes Until 2030: Proposes New Ukrainian Bill - page 4. (Read 852 times)
The bill that has been introduced in the Ukrainian parliament which proposes a halt on cryptocurrency taxation of any nature in Ukraine until the end of 2029, would definitely be something all crypto people would get behind. The questions is, how does cryptocurrency taxing work? And is there a fair way around it?
Taxation on our earnings in crypto is way better than closing the flow of crypto in a country. Taxation on cryptocurrency will have a big help to the economy in a nation because it will boost the income and the infrastructure build-up. I don't think that taxes in crypto should be stopped.
The bill that has been introduced in the Ukrainian parliament which proposes a halt on cryptocurrency taxation of any nature in Ukraine until the end of 2029, would definitely be something all crypto people would get behind. The questions is, how does cryptocurrency taxing work? And is there a fair way around it?
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