Topic: ohio accept tax payment in bitcoin (Read 198 times)

I think that the height of volatility is problem. Ohio must solve about that.

In case of my country, Japan, tax payment by Bitcoin is not allowed. However, even if cryptocurrency is exchanged for another cryptocurrency, and profit comes out, it will be taxed in Japan. So it is assumed that there is no fiat currency at tax payment. In such cases I would like our country to accept tax payment by cryptocurrency.

Also in my country, there is a case that police seized cryptocurrency of a person who did not pay a fine for parking violation.

This topic is also introduced in this article.
https://www.wsj.com/articles/pay-taxes-with-bitcoin-ohio-says-sure-1543161720?mod=searchresults&page=1&pos=1

Uhhh... totally a scam guys, totally running out of the Department of Administrative Services and was entirely fabricated by fake news media.

https://whois.arin.net/rest/net/NET-156-63-0-0-1/pft?s=156.63.158.28

I swear, people are retarded when it comes to technology. They don't understand a single thing about the Internet, but they use it constantly. I wish it weren't so, but it seems to be.

Personally, paying taxes wouldn't be my preferred way to spend Bitcoins...
Yeah, website looks fishy, it's not even secured with SSL certificate. But I see that even serious news websites posted these news. Does it means that they just spread fake news?

ohiocrypto.com?  Not .gov?

The website is up now, and looks half way legit...

But I still think it's a
SCAM!

After few hours the market goes on dip again. That was quick and whomever they are who drives the prices down, I think they aren't done to take those cheap coins from the panic sellers.

Their website isn't still working.

I see that this probably one of the reason why the market goes green for this day.

It isn't working.

this is interesting, wishing all states and all country in the world following them

Beginning from this week, Ohio becomes the first state to accept tax payment in Bitcoin. Reporting to Wall street journal, companies in Ohio who are willing to pay tax bills via Bitcoin should visit “ohiocrypto.com”. By registering over the websites, businesses will be able to pay an array of taxes (notably 23 taxes) including tax of cigarette, tobacco and fuel sales to employee withholding taxes”.

The article notes that;

Eventually, the initiative will expand to individual filers,”

As per the sources, Josh Mandel, the State Treasures states will leave the position by January which will be replaced by Robert Sprague. Mr. Mandel told journal that he doesn’t see bitcoin as a “legitimate form of currency” and he expects another state to walk on the similar footprint. However, Mr. Mandal is the first state treasure to allow people paying taxes with crypto since the payment in bitcoin is quite secure, transparent and instantaneous.


Source: ohiocrypto


ohiocrypto.com website notifies its users about the BitPay services, stating that;

“BitPay sets the exchange rate for a 15 minute allotted time window for each transaction once a business taxpayer begins to make their payment at OhioCrypto.com. “BitPay assumes the risk of any market fluctuations during the allotted time window.”

source
https://coingape.com/ohio-accepts-tax-payment-bitcoin/