Quote from: jack8989 on November 30, 2017, 04:08:35 PM

i really dont think bitcoin can be taxed by governments, how can they tax us without any information or address about us because bitcoin is anonymous to all of us, bitcoin is untraceable so many governments can not control bitcoin or charge taxes on us.

Bitcoin is not untraceable.

And the governments will not tax bitcoin as property, you are not taxed for your computer or for your laptop.
BTC is considered in most countries a commodity and when you exchange a commodity for fiat you have to pay income tax.
Simple as that.

Quote from: Astvile on December 01, 2017, 04:18:46 AM

Taxing bitcoin will not be good i think.Exclude the fees in each and every bitcoin transactions you send and add the tax in each transactions that would be a hell of a cost specially for small users

Again, is not about taxation at tx level.
You are getting taxed when you pay for a product in most countries (that's VAT) whatever you choose to pay with cash/cc/bitcoin/paypal.

No government (as far as I know) is taxing transaction between people that don't involve exchange of goods or property.

Quote from: dasdo on November 30, 2017, 03:53:56 PM

Quote from: MIT2K on November 26, 2017, 04:39:02 PM

Whats the deal with Bitcoin and paying tax? How does it work?

It does not work. Bitcoin is not taxed, because it is decentralized technology. To tax bitcoin taxes, the government must release its exchange platform, on which no one will carry out transactions.

You have no clue what you're talking about.
Ever bought something with bitcoin? Surprise surprise, you have been taxed!!!
Also, check the news about Coinbase and the IRS. Wink