Re: How to TAX Bitcoin. An easy way !

But that your government recognizes bitcoin as a currency? I doubt it. Your income in bitcoins according to the law is not revenue. If you buy goods with bitcoin it does not fall under the tax base. If you exchange them for your currency, then taxes will have to pay.

Absolutely, I agreed to what you just mentioned on this thread. Bitcoin can't have tax as long as it is decentralized.
We all knew that once the government are able to control bitcoins, it means bitcoin is no longer decentralize but instead it is centralize already.

In order for the government to take taxes from bitcoin they need to admit it. There should be government bitcoin wallet. It seems to me that they will not do it. For them it is tantamount to defeat. Even the greed for money will not allow them to do it.

As mentioned taxation can be made for every transaction. This is possible only when the government take necessary action on it. But corrupted government will always try to make money out of it. So they always create a solution with holes in it. This will be used by the common people. So taxation is possible only if the user himself realize and pay, else even the government can't do anything.

But you have know that the bitcoin is decentralized and encrypted data. that means every transaction of bitcoin gets encrypted by SHA 256 and it must be breakable by the goverment. The encrypted transaction has made the privacy is really high.