As long as we keep Bicoins as btc in our account and don't exchange them to either EUR or USD will we be liable for tax at this point?
I was just wondering if somone know about it since my CPA say no.
Taxation of every country is different. Also is different the legislation on bitcoins usage. But suppose I exchange dollars to euros. Then these euros to GBP and at last these GBP back to dollars. Do I pay taxes? No. So why do I pay for these bitcoins I bought from exchange market? Taxes are levied to income and not to currency