Re: Should governments allow people to pay their taxes in Bitcoin BTC?

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

That is not good actually if you pay taxes, here in my country every time there is a transaction that I wanna make, I only pay for the fee then that its. But in your place I think the government in your place they to implement the segwit so that if that happen everything will centralize so they can control anything in bitcoin, but for now its only a speculation and impossible to be happen. Cross fingers Embarrassed

What is the relationship of the government and segwit, it has no relationship at all. Even if the government will allow bitcoin to be used in paying taxes and other government services like Switzerland does it does not mean that the government will push through Segwit. If we talk about the government placing taxes in bitcoin it is already happening today already, the exchangers that we use to trade money to bitcoin and vice versa is paying taxes to the government and that is included in the fees that we give to the site

It is even more than that

In countries where Bitcoin operations (like selling or buying bitcoins) are not outright prohibited or where the government doesn't just turn a blind eye to Bitcoin's very existence, you are obliged to pay taxes by default. I mean whenever you earn profits from such operations (in a certain period of time, say, within a year), you have to declare your income and pay the income tax. It doesn't even matter if they are going or really able to catch you when you choose to go for tax evasion, your liability to pay is still set by the law