Post
Topic
Board Bitcoin Discussion
Re: Bitcoin being taxed?
by
brontosaurus
on 20/11/2017, 13:02:54 UTC
Just happened across this one: https://motherboard.vice.com/en_us/article/7x4vad/putin-cryptocurrency-russia-mining-regulations-ico-bitcoin-ethereum?utm_source=mbfb

It sounds like a good idea from a government's perspective but wouldn't miners just move to locations where they don't have to register?
Its not at all a sound strategy by government. We have to accept the fact that we will have to pay taxes even if we shift to bitcoin. Without tax no one is going to take responsibility of providing public welfare services. So unless you we are planning to live in complete overshadowing without ever revealing our real identities there are low chances that we can evade tax. If every country adopts such policy miners would surely have to find some no man's land.