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 ArticleOr the other way around! I hope not.. Governments have problems with crypto currencies as they are unable to track the transactions to individuals and therefore unable to tax individuals.. This has got them so worried and messed up that they are giving the users a bad name... I don't mind the tax on the profits as per applicable laws. Why run! when you can look them in the eye.