Topic: Tax on the crypto currency! What do you think? - page 24. (Read 3481 times)
I think imposing a tax on the crypto currency is not immoral. Since VAT is being levied on every product of a country, text can be imposed on crypto currency.
Its the responsibility of people to pay their taxes to the government once they have a job and earn a big income but it depends on how much is your salary every month theycan compute it through percentage tax and when the government obliged us to pay i think they will make first a law regarding cryptocurrency on hiw to implement tax on them.
I think the best is capital gains since i treat is as an investment. Then again, i don't pay it since I'm not selling anything in my portfolio. But if we're talking about tax, i eould definitely oay taxes for my holdings. I mean if they do then that means my government will protect me from frauds and stuff. Then again, that is the ideal.
I am fine if I've been asked to pay a tax because I think profit that I can get from the cryptocurrency is like an income for me so whenever I convert my coins fiat and then send it to my bank account, it still an income. and perhaps, the government will take a look for every people account bank and will ask them from where they get that money. but I don't want to pay a big tax since there are richer people in my country that should pay a big tax but they don't pay that tax.
Why Satoshi Nakamoto create bitcoin? I think he want us do not to pay tax and get a small transaction fee. If we must pay tax, it mean we still be manage by centralized power. It my opinion
The state is not interested in the introduction of bitcoin and other decentralized crypto currency. It creates many additional problems for the state. If we do not pay taxes on profits in the crypto currency, taking advantage of the fact that the crypto currency is poorly tracked, the state will simply forbid its use at all, and then there will be practically no arguments against such a ban. Therefore, if we do not want the use of decentralized crypto currency to be banned, we will have to put up with the established tax and pay it. There is simply no other way out. I don't think about taxes. I have an opportunity not to pay them and I won't do it. The government should make the tax but not to extort him. Do you see government support for all participants in the cryptocurrency market? What to pay tax for? I hope that someday I will have the opportunity not to use Fiat and I will not interfere with the government at all.
I think its not advisable to tax crypto currency because for now crypto still not stable that yet. Then investors and users always come and go at anytime. So its difficult for the government to monitor the income of every member.
Why Satoshi Nakamoto create bitcoin? I think he want us do not to pay tax and get a small transaction fee. If we must pay tax, it mean we still be manage by centralized power. It my opinion
As for me, no model is suitable. The first was bitcoin and his idea was quick payments and no deposit transfers. It has already begun to intervene in the country and offer as usual its interest. In my opinion, there should be no commissions.
Then everything will be cool)
I know everyone wants easy and free transactions dude, but we live in a different era now, all have to pay as well as payment Then everything will be cool)
transactions, there will always be any a fee transaction you have to pay, and we should be reasonable with it
I think it is not realistic to be deaf in the country for every citizen, how much he owns crypto-currencies. Yes, and still recover the tax from it. To be able to collect taxes, the state should control the system itself, where the crypto currency is actually used - and this is not realistic for a single country. Scales are too huge.
It's obviously not possible to control cryptocurrency flows and therefore tax them accordingly, but they can easily track every single dollar/fiat/whatever currency that's collaborating with an exchange, then see how much fiat you spent in a single currency.
When you want to cash out to buy real state or something, you will need records of all of your trades and crypto accounting, so try to keep track of that. I have lost some of my history in trading due dead exchanges and now im worried about that. This has happened to a lot of people and I wonder what they did about it.
if governments want to regulate cryptocurrencies then they should tax of cryptocurrencies which is inevitable and paying tax is the only way crypto currencies are allowed to trade in any country
It would be fine for me to pay tax for as long as the rate would be fair enough, if we are not paying tax as of the moment it does not mean that we will never pay tax since the government will never let that happen so let us just accept it.
Bitcoin is merely a form of payment. If someone receives income in the form of bitcoin, obviously that would still constitute as some sort of income tax. Most countries should just take the bitcoin income amount, and translate that figure to fiat and tax it at the same rates.
CGT in my opinion should only be charged if you're actively trading on the markets and using bitcoin as a speculative tool.
GST is just completely illogical. Australia actually did this back in the days, and essentially it meant that bitcoin were sold as goods and were sold at a markup, meaning that Australian exchanges had absolutely no appeal. These tax rules are still in the making for a lot of countries and we should see further clarification for them as adoption grows.
CGT in my opinion should only be charged if you're actively trading on the markets and using bitcoin as a speculative tool.
GST is just completely illogical. Australia actually did this back in the days, and essentially it meant that bitcoin were sold as goods and were sold at a markup, meaning that Australian exchanges had absolutely no appeal. These tax rules are still in the making for a lot of countries and we should see further clarification for them as adoption grows.
As for me, no model is suitable. The first was bitcoin and his idea was quick payments and no deposit transfers. It has already begun to intervene in the country and offer as usual its interest. In my opinion, there should be no commissions.
Then everything will be cool)
Then everything will be cool)
how much we get moneys from crypto currency you think it I said you never thought about it. Whenever I dealing any exchange or any site out mine money I have paid all much that time it fee recognition to us. so now why I would like to tex. almost I have fee everywhere its not good for us.
I think if my country would allow us to use cryptocurrency and for that they would charge us some little amount of taxes, I would not be against that. And furthermore my country would be beneficial from that.
I guess it is more better that it will not be taxed because when we sell our crypto there is a fee that we paid. And after that if we our earnings into fiat there is also a deduct on the amount. Then why would it will be tax again if it is been deducted in the transactions that made.
to redeem the bitcoin I change to the fiat currency, there is some percentage of deduction to be done. and when I transfer to the bank account number after I change my BTC assets to the fiat it is charged a few percent reduction. I think it's the same as the application of taxation so I think the tax system is running but there is no discourse in the government's explanation of bitcoin tax imposition.
yeah, we have already got the "tax" from the exchange company when we exchange our cryptocurrency itu fiat money. I believe that the exchange company used that money to pay the taxes to the government. if the government want to make cryptocurrency tax'able, please support the cryptocurrency too.
A scientific taxes on crypto currencies are welcomed in my opinion. Taxation helps cryptos to get mainstream and also are indication that government are accepting cryptos. we should keep in mind that government are capable of changing things in U turn so. tax are good in my opinion.
to redeem the bitcoin I change to the fiat currency, there is some percentage of deduction to be done. and when I transfer to the bank account number after I change my BTC assets to the fiat it is charged a few percent reduction. I think it's the same as the application of taxation so I think the tax system is running but there is no discourse in the government's explanation of bitcoin tax imposition.
i would not agree to pay tax from my cryptocurrencies asset unless the government can provide to me the comfortable and the securities for me and all of bitcoin users in my country but how could cryptocurrencies will taxable if most of countries in the world does not admit cryptocurrencies as part of traditional currencies however if crypto taxable then it should be considering for Personal income tax or profits tax
For me,paying taxes should only be implemented once the government had legalized bitcoin and accepted it as a national or a global currency.Because if they really want to,they can easily trace our transactions through the exchanges we had.And for that,we have no choice but to be obliged on the rules being implemented. Jump to: