Topic: tax for a safer crypto environment - page 3. (Read 415 times)
Regulating Crypto Taxation is the first step towards crypto legality any government should concentrate on instead of banning crypto regulation is most important
It is a very bad idea. Governments have a very bad habit to implement taxes on certain things and then that tax income are then re-channelled to something else. You will for instance get a new tax on "sugar" for instance and that tax will go into the regulation of the "sugar" intake of people to prevent obesity.
After a year or two, you will find that the government needed funds to repair the roads and that the collective income from taxes, went to the repair of the roads and not to it's intended purpose. The same thing will happen to "Crypto" taxes.
After a year or two, you will find that the government needed funds to repair the roads and that the collective income from taxes, went to the repair of the roads and not to it's intended purpose. The same thing will happen to "Crypto" taxes.
What if our government add tax whenever we transact fiat-crypto and vice versa, and the fund will be used for our protection(ICO,Scams,Phishings), for example the government will make a group or sector that focuses on crypto environtment. what do you think?
This is totally irrelevant because we are running away from taxes and you are asking about tax in crypto is bad for crypto users. Crypto users are investing because it is tax free and is negligible as compared to other currencies. People leave fiat due to the tax and bad transaction system and now the given suggestion will make people to run from crypto as well like they ran from fiat.
What if our government add tax whenever we transact fiat-crypto and vice versa, and the fund will be used for our protection(ICO,Scams,Phishings), for example the government will make a group or sector that focuses on crypto environtment. what do you think?
If the government levy taxes for each and every time we convert bitcoin to fiat and vice versa,then we would not be able to bare that huge tax and that's why,many countries have laid taxes only when we withdraw cryptos from exchange and not for every transaction.Also even by not implementing taxes,government could take steps to safeguard investors interests from scammers.Taxes on crypto currency are right think but the government will not support for that but we need to something for that to develop crypto currencies so taxes are right but need some regulation for that.
What if our government add tax whenever we transact fiat-crypto and vice versa, and the fund will be used for our protection(ICO,Scams,Phishings), for example the government will make a group or sector that focuses on crypto environtment. what do you think?
I love the idea! that's means security of our investment. If government will come to aid us in determining the scam project and.jail those responsible to cheat our investment then I think that would be great... Government protection is our strongest weapon against evil people that aims to get our money and run afterwards.
What if our government add tax whenever we transact fiat-crypto and vice versa, and the fund will be used for our protection(ICO,Scams,Phishings), for example the government will make a group or sector that focuses on crypto environtment. what do you think?
If the government levy taxes for each and every time we convert bitcoin to fiat and vice versa,then we would not be able to bare that huge tax and that's why,many countries have laid taxes only when we withdraw cryptos from exchange and not for every transaction.Also even by not implementing taxes,government could take steps to safeguard investors interests from scammers. 
I do not think that putting tax is neccessary in cryptocurrency and I think that you do not know any about the blockchain technology. I prefer you to read it before thinking such ideas. Blockchain technology is currently the safest and advanced security program that makes cryptocurrency immune to such ideas but not human error.
What if our government add tax whenever we transact fiat-crypto and vice versa, and the fund will be used for our protection(ICO,Scams,Phishings), for example the government will make a group or sector that focuses on crypto environtment. what do you think?
This could be a very nice idea actually. But sad to say few countries who have implement cryptocurrency to be accepted by the government as a second national currency in there country. In other words it takes a long way to process due to different function between the real economic vs. digital economic system world wide.
What if our government add tax whenever we transact fiat-crypto and vice versa, and the fund will be used for our protection(ICO,Scams,Phishings), for example the government will make a group or sector that focuses on crypto environtment. what do you think?
I like the idea of focusing on crypto environment, but I do not think that the government should implement it. The сrypto currency was created with the aim of eliminating intermediaries and transferring powers directly to the participants of the crypto community. I believe that all functions should be performed by them. It will not be easy and quick, but we can implement technologies that will make each member of the crypto-currency world responsible for the crypto-environment.
What if our government add tax whenever we transact fiat-crypto and vice versa, and the fund will be used for our protection(ICO,Scams,Phishings), for example the government will make a group or sector that focuses on crypto environtment. what do you think?
Bad idea, there are fees implemented by exchanges and i believe that it is already taxed which exchangers are passing it on consumers that is why we have a high cost of fees when we convert or exchange it to fiats or other crypto. Govts has nothing to do with it, and now you are suggesting that govt should impose tax on transacting? Bad idea. Imagine how much fees we have to pay, it is doubled tax cost.
What if our government add tax whenever we transact fiat-crypto and vice versa, and the fund will be used for our protection(ICO,Scams,Phishings), for example the government will make a group or sector that focuses on crypto environtment. what do you think?
It's good if the government really want to help and give protection the crypto community. It will be best if they will assign crypto experts who really understand it well. And if it will happen hoping scammers will be gone too. What if our government add tax whenever we transact fiat-crypto and vice versa, and the fund will be used for our protection(ICO,Scams,Phishings), for example the government will make a group or sector that focuses on crypto environtment. what do you think?
Possible but the essence of decentralization would completely be changed if government would really implement those things but well we do all know that we can still evade tax and make out cashout without their notice or awareness.If we do make use exchangers which do comply on government rules then we don't have any choice and if those tax would meant to be used on the things you had mentioned.I don't still have the trust that they would really emphasize on making a crypto environment. The true purpose of cryptocurrencies is libertarianism and disintermediation. Big centralized government is the opposite of this.
It's not necessarily against crypto, where on the other hand, it's even impossible for governments to stay out with how crypto is growing larger and larger.
I am all in favor of more decentralization, but we can't force anyone to join in on that when they don't mind using centralized environments and have the government 'watch' every possible activity in this market. Important to understand is that we have the option to use something that isn't subject to regulations if we don't want to, and that's what we should be focusing on; what others are doing is none of our business.
Another important factor is that with how the market is maturing more and more, the investors entering the market are likely institutions, hedge funds, wealthy traditional investors, etc. These entities have all been part of the traditional market under the supervision of their government and regulators, and thus they fall outside the decentralized boat; governments and regulators for them offer security and stability. We'll be dealing with a different group of investors in the forthcoming years.
What if our government add tax whenever we transact fiat-crypto and vice versa, and the fund will be used for our protection(ICO,Scams,Phishings), for example the government will make a group or sector that focuses on crypto environtment. what do you think?
It's a horrible idea. Government is the problem, not the solution to problems.
The true purpose of cryptocurrencies is libertarianism and disintermediation. Big centralized government is the opposite of this.
It would be a lot more safer. Spams and phishings will be gone so that it means having a more comfortable experience and a more ensured business. Spams and Phishings costs a lot more moneyband specially produces more stress than government Taxes.
If you earn, then you won't have a problem paying taxes on your income. Most importantly, learn to earn.
It is a good idea though I don't like if crypto is taken and controlled by the government, it just against the concept of the decentralized.
As far as I know, there are taxes included already on exchange platform we are using, thus applying another one is to much. But I feel like our government is also doing something since bitcoin had been making noise since then. Government will not let themselves not benefited from this new found technology, they will definitely make a move about this.
Yes you are right, if you used centralized exchange and the exchange has been regulated by the government then your it's already taxed, our transaction in crypto it can be taxed if it is traded for cash or other cryptocurrency or whenever cryptocurrency is used to purchase something. However, as long as you use decentralized exchange then it can't be taxed. 
What if our government add tax whenever we transact fiat-crypto and vice versa, and the fund will be used for our protection(ICO,Scams,Phishings), for example the government will make a group or sector that focuses on crypto environtment. what do you think?
If that law implemented by the world government and make a sector to protect us in scam and fishing ICO,and in return the government add tax whenever we transact a crypto exchange,i thinks i'll be aggreeable that kind of government law,as long as they are true to there purpose to protect us,in those scam ICO or phishing project and not only doing like as crab mentality,active in first but in the end they will left us.
I think there are organization like that are already running and keep tracking of your transactions, you just don't know but they are keeping the record maybe for future use. Hope it will not be used against us, you know people from the government do certain jobs under the hood, yet you don't know what is happening and first thing in the morning you are now at jail.
What if our government add tax whenever we transact fiat-crypto and vice versa, and the fund will be used for our protection(ICO,Scams,Phishings), for example the government will make a group or sector that focuses on crypto environtment. what do you think?
I think it will depend on who and how they run the government. Like in our country, in almost all of transactions we pay tax. And who are the ones more benefited with these taxes? Jump to: