Quote
Damit liesse sich Bitcoin im Kontext des GWG, KAG, MWSTG und anderer Gesetze einordnen und es würde Rechtssicherheit hergestellt.
Excuse my ignorance: how are capital gains of foreign currency holdings taxed?
Topic: Swiss parliamentary postulate: Bitcoin is a currency - page 2. (Read 35206 times)
Excuse my ignorance: how are capital gains of foreign currency holdings taxed?
I don't mind what politicians think about bitcoin, as they can't control it. Anyway I remember the following news from Switzerland:
Swiss banks ditch secrecy
http://rt.com/business/game-changer-swiss-banking-secrecy-254/
So it's an interesting opportunity to whoever deposited money in Swiss bank accounts to migrate to bitcoin and be free from government control
Swiss banks ditch secrecy
http://rt.com/business/game-changer-swiss-banking-secrecy-254/
So it's an interesting opportunity to whoever deposited money in Swiss bank accounts to migrate to bitcoin and be free from government control
Well.. I have a feeling that this measure was the stimulant behind the Bitcoin postulate.
If the Swiss banks ditch secrecy, their business will get (severely) affected. So probably in order to neutralize the possible repercussions in the Swiss financial sector, the parliamentarians are proposing to make Switzerland the world leader in Bitcoin marketing.
From one question for an evaluation about what bitcoin is, we went to a "proposal to make Switzerland the world leader in Bitcoin marketing"??!!
That escalated quickly
I don't mind what politicians think about bitcoin, as they can't control it. Anyway I remember the following news from Switzerland:
Swiss banks ditch secrecy
http://rt.com/business/game-changer-swiss-banking-secrecy-254/
So it's an interesting opportunity to whoever deposited money in Swiss bank accounts to migrate to bitcoin and be free from government control
Swiss banks ditch secrecy
http://rt.com/business/game-changer-swiss-banking-secrecy-254/
So it's an interesting opportunity to whoever deposited money in Swiss bank accounts to migrate to bitcoin and be free from government control
Well.. I have a feeling that this measure was the stimulant behind the Bitcoin postulate.
If the Swiss banks ditch secrecy, their business will get (severely) affected. So probably in order to neutralize the possible repercussions in the Swiss financial sector, the parliamentarians are proposing to make Switzerland the world leader in Bitcoin marketing.
thanks for the info, good news indeed.
I don't see how these are good news. It's just a question to evaluate bitcoins.
I mean it's good that they care about bitcoin but the final ruling is what it matters.
I mean it's good that they care about bitcoin but the final ruling is what it matters.
Stop that bullshit talk here...
There is NO line about using it as foreign currency.
It's just a postulate to evaluate the RISKs of bitcoin.
Nothing else.
http://www.parlament.ch/d/suche/seiten/geschaefte.aspx?gesch_id=20133687
There is NO line about using it as foreign currency.
It's just a postulate to evaluate the RISKs of bitcoin.
Nothing else.
http://www.parlament.ch/d/suche/seiten/geschaefte.aspx?gesch_id=20133687
I have good news for you: you linked to the wrong postulate. Here is the new one: http://www.parlament.ch/e/suche/Pages/geschaefte.aspx?gesch_id=20134070
I fail to find the actual text...
The text has not been translated yet in all three official languages, so it is not yet online on the parliament's website. However, the text can also be found in the press release of parldigi: http://www.digitale-nachhaltigkeit.ch/2013/12/bitcoin/
Thanks. Later found it in the press release myself. I'm german, can even understand most "Schwiiitzerdütsch" because I grew up in range of Swiss TV and Radio stations.
Stop that bullshit talk here...
There is NO line about using it as foreign currency.
It's just a postulate to evaluate the RISKs of bitcoin.
Nothing else.
http://www.parlament.ch/d/suche/seiten/geschaefte.aspx?gesch_id=20133687
There is NO line about using it as foreign currency.
It's just a postulate to evaluate the RISKs of bitcoin.
Nothing else.
http://www.parlament.ch/d/suche/seiten/geschaefte.aspx?gesch_id=20133687
I have good news for you: you linked to the wrong postulate. Here is the new one: http://www.parlament.ch/e/suche/Pages/geschaefte.aspx?gesch_id=20134070
I fail to find the actual text...
The text has not been translated yet in all three official languages, so it is not yet online on the parliament's website. However, the text can also be found in the press release of parldigi: http://www.digitale-nachhaltigkeit.ch/2013/12/bitcoin/
Quote
Damit liesse sich Bitcoin im Kontext des GWG, KAG, MWSTG und anderer Gesetze einordnen und es würde Rechtssicherheit hergestellt.
This says categorizing Bitcoin as foreign currency would make clear how it would have to be handled regarding AML, captial gains tax and VAT.
How would it be handled in switzerland? The VAT case seems clear. VAT applies when buying product, no matter what currency is used (not on the currency itself, of course, this is something still unclear in the german case).
Excuse my ignorance: how are capital gains of foreign currency holdings taxed?
How would AML regulation affect Bitcoin businesses and users in switzerland should Bitcoin become foreign currency?
Stop that bullshit talk here...
There is NO line about using it as foreign currency.
It's just a postulate to evaluate the RISKs of bitcoin.
Nothing else.
http://www.parlament.ch/d/suche/seiten/geschaefte.aspx?gesch_id=20133687
There is NO line about using it as foreign currency.
It's just a postulate to evaluate the RISKs of bitcoin.
Nothing else.
http://www.parlament.ch/d/suche/seiten/geschaefte.aspx?gesch_id=20133687
I have good news for you: you linked to the wrong postulate. Here is the new one: http://www.parlament.ch/e/suche/Pages/geschaefte.aspx?gesch_id=20134070
I fail to find the actual text...
Rechtssicherheit for the win!
Without clear rules, nothing big can happen.
Do we want big things to happen? That's another question. Probably most would say: fuck yes.
Without clear rules, nothing big can happen.
Do we want big things to happen? That's another question. Probably most would say: fuck yes.
This should be the best news I've read so far. Thanks for sharing.
Think we may see some alignment within Europe in regards of tax treatment soon.
Recent musings from UK taking Bitcoin down a 'voucher' route, is not going to happen. It now looks like HMRC (and possibly other European jurisdictions), are going to declare it currency, but not legal tender.
Recent musings from UK taking Bitcoin down a 'voucher' route, is not going to happen. It now looks like HMRC (and possibly other European jurisdictions), are going to declare it currency, but not legal tender.
Stop that bullshit talk here...
There is NO line about using it as foreign currency.
It's just a postulate to evaluate the RISKs of bitcoin.
Nothing else.
http://www.parlament.ch/d/suche/seiten/geschaefte.aspx?gesch_id=20133687
There is NO line about using it as foreign currency.
It's just a postulate to evaluate the RISKs of bitcoin.
Nothing else.
http://www.parlament.ch/d/suche/seiten/geschaefte.aspx?gesch_id=20133687
I have good news for you: you linked to the wrong postulate. Here is the new one: http://www.parlament.ch/e/suche/Pages/geschaefte.aspx?gesch_id=20134070
Also note that the author of the old (negative) postulate signed the new one, indicating that he is open to see the opportunities of Bitcoin.
Stop that bullshit talk here...
There is NO line about using it as foreign currency.
It's just a postulate to evaluate the RISKs of bitcoin.
Nothing else.
http://www.parlament.ch/d/suche/seiten/geschaefte.aspx?gesch_id=20133687
There is NO line about using it as foreign currency.
It's just a postulate to evaluate the RISKs of bitcoin.
Nothing else.
http://www.parlament.ch/d/suche/seiten/geschaefte.aspx?gesch_id=20133687
this is great 
I guess they would also lower the bitcoin related taxes as currency exchange isn't the same as an online commodity
I guess they would also lower the bitcoin related taxes as currency exchange isn't the same as an online commodity
... the simplest way to answer them would be to clarify that Bitcoins should be treated like other foreign currencies. ... This not only paves the way for Bitcoin businesses and financial services in Switzerland, it is also a great precedent for other countries that look into how Bitcoin should be handled from a regulatory perspective.
Watch out.This is an excellent question and has also been raised on hacker news: https://news.ycombinator.com/item?id=6876304
... the simplest way to answer them would be to clarify that Bitcoins should be treated like other foreign currencies. ... This not only paves the way for Bitcoin businesses and financial services in Switzerland, it is also a great precedent for other countries that look into how Bitcoin should be handled from a regulatory perspective.
Watch out.
Ok, Bitcoin being defined as "foreign currency" in Switzerland might be interesting, because Switzerland enjoys a good deal of financial freedom (relatively to the rest of the world, at least). AFAIK, people there are free to have bank accounts in foreign currencies, use them as they want etc. But in many (most?) places of the world, such definition would be very negative. In many jurisdictions, foreign currency is something "common folk" can barely touch, and when they're allowed to, regulations are strict. Just take Argentina as an example. Bitcoin being defined as foreign currency there would be almost the equivalent of banning it.
Bitcoin just got a big credibility boost: 45 members of the Swiss parliament signed a postulate asking for Bitcoin to legally be treated as foreign currency like the Euro or the Dollar.
I don't mind what politicians think about bitcoin, as they can't control it. Anyway I remember the following news from Switzerland:
Swiss banks ditch secrecy
http://rt.com/business/game-changer-swiss-banking-secrecy-254/
So it's an interesting opportunity to whoever deposited money in Swiss bank accounts to migrate to bitcoin and be free from government control
Nöd schlecht...merci für s Engagement!
Relevant reddit discussion: http://www.reddit.com/r/Bitcoin/comments/1sgzzy/swiss_parliamentary_postulate_bitcoin_is_a/
Thanks for sharing!
Lets see how will this be perceived by the media...
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