Post
Topic
Board Bitcoin Discussion
Re: Bitcoin and Tax?
by
MIT2K
on 15/01/2018, 22:33:26 UTC
Bitcoin generates income for many.  I am pretty sure that government has a vision already of how bitcoin will be a big part of the future and it is the duty of government to generate also taxes from any income generating activity. At present, bitcoin is considered as an asset and tax are collected only from buying and selling. Actually, our government collects double taxes which I really opposed,   they make their people pay a lot and suffer.
interesting, what country are you from? It certainly is a pain! It should be tax free like Forex as its essentially a currency!