Post
Topic
Board Legal
Re: Taxation on Bitcoin transfers
by
Lanatsa
on 31/12/2017, 15:18:24 UTC
I would agree that taxes are imposed on bitcoin transfers. If the tax is levied on the count of bitcoin income each month and takes a few percent for it, it will be a bit of burdensome. Better taxes are imposed on bitcoin transactions, for example 1% for each transaction.
1% for each transaction? Then it would be more a burden considering that theres still a fee and thinking off that doing transactions on a single day would really be just not once specially on those active traders. 1% will hurt you up. The same on having a fixed % on overall bitcoin or altcoins profits on your trades which its still big to consider but i dont really bother at all since this thing isnt possible to happen directly on a certain bitcoin or altcoin holder.