Post
Topic
Board Bitcoin Discussion
Re: No need to pay tax if you buy using bitcoin in Germany
by
talkbitcoin
on 01/03/2018, 10:44:08 UTC
Even now we don't need to pay any taxes to the crypto to crypto transaction because it is anonymous and no one knows that we are using it.

read again!
it is not crypto to crypto transactions that the news is talking about it is crypto to goods. for example if you buy a phone or a camera or a car or a cup of coffee with bitcoin, you don't have to pay any additional taxes.

this will create a huge incentive for merchants to adopt bitcoin. and if you like to know the effects of it, look at Japan and last year's growth in number of merchants (lots of offline stores) in Japan accepting bitcoin.