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 ArticleIt is but it is just fair since tax is also killing individuals with their incomes. The fact that most regular employees are not earning much but the tax deduction is too much for them hurts the financial situation of the person. And the worst is, in corrupt countries taxes are just going into pockets of crocodile government officials.