about crypto taxation, there are 2 tax models that I approve or maybe good for me,
1. Tax on goods and services. This is a kind of feedback about the services that are given to us such as provided exchangers, fast processes, and others. no problem paying taxes about service because we also get the best service
2. Personal income tax. This tax is a tax where we have to leave our income for taxes, the tax maybe used to help others, which means we also do charity.
that's the tax model that I like.
Topic: Tax on the crypto currency! What do you think? - page 5. (Read 3481 times)
No one can really imposed taxes now on crypto currency it is impossible because even the government cannot determine who are the users of crypto currency in their country because of the anonymous transactions.
if they already legalized cryptocurrency market, they should have own methode to track owner of cryptocurrency asset.and also collaboration with exchanger could be best way for them. 
No one can really imposed taxes now on crypto currency it is impossible because even the government cannot determine who are the users of crypto currency in their country because of the anonymous transactions.
As far as taxation is concerned, I think that for the exchange Place, the income is too good and the government should let them tax. Perhaps the government has also seen the benefits of the exchange Place.
I think the tax can only be obtained from the exchange or when you are sending the bitcoin you have, so it should not be taxable on the part of the government that it will not be able to provide such regulations.
In majority of countries tax is not payed on Bitcoin itself but only on transactions. And I think this is fair and don't have anything against such policy. This is also something that belongs to regulation.
But it's always very interesting to see how people are not willing to pay taxes but they want to use all benefits and protection from their governments.
I agree with you. We need better regulation before massive adoption, otherwise we can not expect implementation cryptocurrencies into real businesses. But it's always very interesting to see how people are not willing to pay taxes but they want to use all benefits and protection from their governments.
I think it is possible for some taxation to happen in the near future. In most countries it is an obligation for individuals to pay taxes to government and this is no different. Maybe customers can pay some tax on business transaction that they do with cryptocurrency, in a form of some commission.
Applying taxes on cryptocurrency affects the interests of investors, but this also contributes to a stable and long-term market. Help for the validity of higher crypto prefixes in many countries. I believe that this will make cryptocurrency more and more popular.
Although the current concept of taxation only has ideas in a few countries and currently does not like this way for investors. But in the long run, this is a very good event. This is usually the signal that cryptocurrency enters the mainstream financial market. The cryptocurrency will make human civilization progress again.
Taxes on cryptocurrency cannot be implemented directly to individuals but for the company engaged on it yes. Government can collect taxes on individual when the hodlers converted their cryptos into fiat and used it for the purchase of goods and services.
If tax on the crypto currency can give a trade-off that government accept it as a legal currency , It can be OK
bitcoin and cryptocurrency are not yet fully recognized as a currency or medium of exchange so taxation is still difficult, but if the taxation of bitcoin and crypto is an investment asset, it is still possible where a person will be taxed if investing or withdrawing at a certain value limit tax deductions that have been regulated
When the usage increases, automatically governments will come up with plans to make some earning out of it. Upon that taxation on cryptocurrency usage will go effective over different ways. Here very few countries will succeed, because it is not that easy to tax people using bitcoin or other digital currencies.
In majority of countries tax is not payed on Bitcoin itself but only on transactions. And I think this is fair and don't have anything against such policy. This is also something that belongs to regulation.
But it's always very interesting to see how people are not willing to pay taxes but they want to use all benefits and protection from their governments.
But it's always very interesting to see how people are not willing to pay taxes but they want to use all benefits and protection from their governments.
Almost all crypto currencies are based on decentralized system, which means it will be impossible to have tax for every altcoins. Unless, the government decide to regulate the crypto currency, then once it become legalize or has been regulate I think anyhow the government would have the ability to control it, from decentralize to centralization conversion.
we are waiting for development of bitcoin later, of course if government legalizes it, there must be arrangements for cryptocurrency, including tax, for sake of prosperity of community
Almost all crypto currencies are based on decentralized system, which means it will be impossible to have tax for every altcoins. Unless, the government decide to regulate the crypto currency, then once it become legalize or has been regulate I think anyhow the government would have the ability to control it, from decentralize to centralization conversion.
It is also hard to take tabs on how much a person is earninng/spending with crypto as there are different wallets, which are again not controlled by the government. Imposing taxes on crypto somehow makes it centralized, which defeats the purpose of it.
The tax on profits from cryptocurrency is introduced and will still be introduced by other states. This is inevitable when the state legalizes cryptocurrencies. True, how it will be implemented in practice, while we know little. Most likely, the provision of necessary information will be imposed on the citizens themselves. Will they pay it in full, this is a question that interests so many. Most likely, if it is installed in a small amount and citizens will consider it fair, then the tax will be paid, and if it is large, citizens will evade paying it.Moreover, such opportunities will be available.
The cryptocurrency market is growing rapidly, and the state, not adapting the tax code to the contemporary challenges of the digital economy, does not receive enough revenue to the budget, since cryptocurrency is outside legal jurisdiction. some countries prohibit cryptocurrency instead of trying itto regulate and work out the mechanism of taxation. but taxes should not be high so that people do not go into the shadows. thanks to a competent tax program, the state could receive additional income
If electronic money becomes official trading currency and is used by all, protected by law, the income from electronic money can be taxed. But this is also very difficult to implement. Most people who invest in electronic money are those who have money, which is a small part only.
I think this is complete nonsense. the crypvo currency was initially created as decentralized and it was not supposed that there would be any taxes
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