Ninjastic
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Re: 🤔 South Korea introduces new tax on cryptocurrency exchanges
by
ralph_0608
on 27/01/2018, 03:37:10 UTC
Quote from: RothsCoin on January 27, 2018, 01:39:29 AM

South Korea’s government has reportedly imposed a tax on the domestic Cryptocurrency exchanges.

To be specific, they will be subject to a 24.2% tax (22% coporate and 2.2% local income taxes). According to Yonhap News Agency, the government is also requiring exchanges to share the transaction data with banks.

Tom Lee, a strategy analyst, reckoned there would be a dramatic drop in Bitcoin price down to $8,000-9,000, followed by a sharp increase to above $20,000 by the end of 2018.

This year is anticipated to be a rough, yet successful year to wise investors in this market.   

RothscoinTeam.
If every transaction you made in trading would have additional 24.2 deduction for tax I think its to much expensive and a huge inflows income to the korean government. What if every cash out you made would have a 24.2% additional deduction for taxes I think it is quiet reasonable than imposing 24.2 every trading transaction you made your killing the crypto trader for that rulings Sad