As the age of cryptocurrency comes into full force, it will facilitate a subversively viable taxation avoidance strategy for many of the technically savvy users of peer-to-peer payment systems. In doing so, cryptocurrency use will act to erode the tax revenue base of national jurisdictions, and ultimately, reposition taxation as a voluntary, pay-for-performance function. In this post, I cover some of the benefits such a strategy will have for cryptocurrency investors, why our notion of taxation is ripe for disruption, and why cryptocurrency taxation is enabled by default.
Read The Full ArticleAn important change made to the taxation issue, is this. How people use cryptocurrency to avoid taxes. However I don't think this will last forever, at some point government will start putting restrictions to cryptocurrency transactions which means possible taxes. Overall this problem hasn't get, so let's use crypto as much as we can, like in projects as propthereum.io